Where is the property cycle in Australia? What’s the next hot spot to fire?
When is the right time to get into real estate? When people are fleeing the market is ultimately the best time to buy.
Are you aware of the famous Warren Buffet saying Be Fearful When Others Are Greedy and Greedy When Others Are Fearful’
When people are running scared for the hills it is the best time to buy! I liken it to an ambulance pushing through traffic – do you scramble to the side or follow behind and seize the opportunity!
Right now I am buying deals at a 30-40% discount! By the end of 2013 we will potentially be in a place where interest rates are at a similar rate to inflation. I have not been around long enough to witness this type of scenario and I have been investing for over 20 years. This is the moment to invest. I am looking around and all I can see is opportunity. I can see markets starting to catapult. With interest rates lowering sentiment is ramping up. Consumer spending in the US and new start homes in the US are at all time highs.
The commodity market will start to level out and there will be opportunities to be made in this sector- stay tuned for this.
I am not a big believer that you have to be in the market for a long time – say 20 – 40 years, don’t wait for the masses or the newspaper to tell you, as that time is way to late.
You can make the money or watch it being made – I hand over the batten to you.