The market is in chaos, but does that make it a once-in-a-decade opportunity
Property panic is everywhere, but part one of a five-part series on policy and the property market asks whether the worst time for sentiment might also be one of the best times to buy?
When supply cannot keep up while demand remains strong, Mr Douglas argues that prices ultimately have to adjust upwards. (Image source: API Magazine + Shutterstock.com)
Six months ago, the Australian property market was awash with confidence. Now, according to property strategist Steve Douglas, Executive Chairman of SMATS Group, “chaos is all over the country”.
Buyers are waiting and sellers are hesitating. Policy changes have unsettled investors, transaction volumes have slowed and nobody seems entirely sure where the market is heading next.
Recent data suggests the caution is having a tangible impact. Annual i…
