Stock markets have fallen or hit a plateau. How does this effect the property market.
SO I ASKED A GUY ON THE PULSE, CLINT FROM ILM
Dear fellow Investors
This week I discuss the developments in world markets and how will they affect the Australian property market? I can tell you from looking back when stock markets have fallen or hit a plateau, we have seen an influx of investors run to fixed low risk assets with stability, either in the form of Gold or Property (bricks and mortar)
We have seen most of our major lenders this week drop their fixed rates with some lenders slashing up to 65 basis points off the previous fixed rate pricing. This is generally a fair expectation of where the lenders and their economists are pitching rates will be over the medium term. This is great news for investors especially if they are concentrated on active manufactured growth projects or positive Cashflow properties. Remember some of the best investing opportunities usually arise whiles others are fearful.
Property is resilient and many experts agree! When you look at property BOOMS of the past they tend to follow stock market crashes. So it’s not a bad thing for the Australian property market right now that the stock market is a little bit wobbly, and that world markets are feeling the pinch of economic times.
Yours in success,
Professional Credit Advisor & Finance Strategist
Investor Loans Network NSW
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