With all the recent budget news, job losses etc. I wonder whether we will see changes in the property market. I certainly see this in the Perth market, certain pockets are now starting to slow down. Its not all negative, some pockets are still rising, but its time to tread lightly IMO.
Market sentiment is huge and when we start to hear negative reports this creates fear this is a big one for property investors.
I personally think it is time to be cautious when buying. As a developer I am only buying in areas where there is still demand and also mitigating the risk by offloading at least 50% of the stock. Not bullet proof by any means but as long as I don't end up with negative cash flow I will continue to move slowly.
What are your thoughts? Here are S McKnight's summary on this which I think is pretty much spot on.
http://www.propertyinvesting.com/co...0099eab9a72def211346edceff4dc02fbdbe1fad20d72
Market sentiment is huge and when we start to hear negative reports this creates fear this is a big one for property investors.
I personally think it is time to be cautious when buying. As a developer I am only buying in areas where there is still demand and also mitigating the risk by offloading at least 50% of the stock. Not bullet proof by any means but as long as I don't end up with negative cash flow I will continue to move slowly.
What are your thoughts? Here are S McKnight's summary on this which I think is pretty much spot on.
http://www.propertyinvesting.com/co...0099eab9a72def211346edceff4dc02fbdbe1fad20d72