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PHOTO:\u00a0Real Estate goes up and down<\/strong><\/p>\n EXPERT OBSERVATION<\/strong><\/p>\n As green shoots have clearly appeared in the property market, RiskWise Property Research has taken a retrospective analysis of lessons to be learned from the recent downturn.<\/p>\n 1)<\/em>\u00a0Think long term and don\u2019t seek quick wins. It\u2019s easy to see Sydney and Melbourne carry a low level of risk and are the long-term winners when it comes to the property market. While we\u2019ve had short-lived episodes of enthusiasm in areas such as Hobart and the mining towns in both Western Australia and Queensland, these areas are no longer in favour with owner-occupiers or investors (Hobart delivered a modest annual change in dwelling value of 2.6 per cent). Now we are seeing the Sydney and Melbourne markets starting to perform more strongly, which means that only the people who bought at the top of the market in 2017 and 2018 are seeing temporary reductions in dwelling values. People who are looking for \u2018adventures\u2019 in the property market are like gamblers and often find these escapades to be perilous down the track when it is too late to do anything about.<\/p>\n 2)<\/em>\u00a0Taxation and regulatory changes carry very tangible risk to property investors. Investors should focus on purchasing dwellings that are suitable for families in areas which have a high owner-occupier ratio, particularly houses, as these are less subject to potential taxation changes.<\/p>\n READ MORE VIA PROPERTY OBSERVER\u00a0<\/a><\/p>\n