Timing the market is next to impossible.
No matter what any expert says, we cannot predict the best time to buy in the market because the market consists of so many moving parts.
So when do we, as experts, and more importantly, investors, know when to buy?
The honest truth is, when you can.
We’re so blessed in Australia to have a strong and well supported Residential Property worth $9 Trillion dollars this year, and counting, that as soon as you have serviceability, you should buy because it’s time in the market that counts, not timing the market.
The secret to success with property is that it is a long term game.
So if you’re wanting to make a quick buck off, then property isn’t for you.
Sure, you read stories about buyers making 10’s, evens 100’s of thousands of dollars for only holding property for a few months, and that’s the reality of the market right now which makes it really attractive to buy but, the real gold is by holding your property for the long run.
Because going slowly is the fastest way to get to where you want.