My answer is always the same, if you are in a position to buy property, do it! You don’t know what’s around the corner, for better or worse.
Trying to get the right timing when buying can be a risky investment strategy. For some it pays off but others can miss the boat… or stay onboard for too long!
Think Mining Towns as an extreme instance of “Timing the Market”. A lot of people purchased property at the right time, and sold at the right time. But a lot more didn’t and now are stuck in one horse towns going nowhere.
When we look at capital cities, timing the market can often mean you miss out on months of Growth, Rental Return or Tax Benefit all the while waiting for the market to tank. Or worse yet.. Boom! Do you know how hard it can be to purchase into a booming market?
If you are a long term investor (over 10 years) fluctuations in the market shouldn’t deter you from making a purchase. In fact, times of uncertainty and reduced buyer activity is a time to take action rather than sit on the sideline.
Do you need help buying property in Brisbane? Talk to our buyer’s agents today!