Would it be reasonable to assume that when the times are turbulent on the share market. The smart money would move to a safer investment classes such as property?
I think residential property prices, which were stagnant in most areas for the last 6 months, would start moving again and here are my reasons:
1. Share market investments are in trouble.
2. After the war in Iraq there will be more refugees coming to all sort of countries including Australia => more housing demand.
3. Australia is remote from the Middle East and is considered as one of the safest western countries in the world => more foreigners buying residential property in aus.
4. Interest rates are still low and there is no talk they will go up in near future.
Am I missing something?
Regards,
Lotana
I think residential property prices, which were stagnant in most areas for the last 6 months, would start moving again and here are my reasons:
1. Share market investments are in trouble.
2. After the war in Iraq there will be more refugees coming to all sort of countries including Australia => more housing demand.
3. Australia is remote from the Middle East and is considered as one of the safest western countries in the world => more foreigners buying residential property in aus.
4. Interest rates are still low and there is no talk they will go up in near future.
Am I missing something?
Regards,
Lotana