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Property

In: Other Topics

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INTRODUCTION
Investing in the Australian property market is generally as strong today as it has ever been. The global financial crisis that hit the world in 2008 has certainly seen a slowdown in buying as investors are somewhat nervous, but was this temporary, or is it still something to be concerned about? The predictions by analysts are that this will only be a temporary slowdown in the property market. Time will tell!
There are many reasons why property investors should not be running scared.
Australia is in a rather unique position in that it has much diversification in its economy. There are one or two States that are not so well off in that regard, but there are also several States that have very strong reasons for going ahead with property investment.
Queensland is the best placed State for property investment, with its varied mineral wealth, agriculture, fine weather that is attracting overseas migrants, tourism and continued growth. There are regions and suburbs in other States that are also receiving excellent growth, and we will cover these in further chapters.
States affected during 2008 were NSW and SA, as they already had their own financial problems which had affected the finance of the two States overall. In saying that however, there are still areas of capital growth and good rental returns even in those States.
Financing is always at the top of the list of concerns and the reason for this is due to the fact that finance is a constantly changing situation. Interest rates are always on the move, either up or down. Sure, they may sit for a year, but over an investment period they will continue to move in one direction or the other. The last three interest drop periods prior to
2008 saw the interest rate fall to 4%, then turn around and increase again. Time shows that this seems to be a cycle which is certainly worth watching and

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