Knowing how to identify indicators within a market that show signs of market health and danger is key to choosing a smart investment property. We often hear in the media the terms ‘boom’ and ‘bust’ thrown around at the drop of a hat, but the property market is not generalisable, and has many factors that contribute to its cycles. Michael Beresford explains the model that has helped OpenCorp identify both healthy and danger signs within a market.
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Written by Matthew Lewison
Blindly accepting that prices will double every 7 to 10 years leads people to make grave mistakes with their investments. Nobody has a crystal ball that tells them the exact dollar value of a property 10 years from now, but that doesn’t mean that smart investors can’t establish reasonable grounds for predicting the direction and strength of market movements in the short to medium term.