PHOTO: Lessons from the Australian property market in 2019. (Source: Getty)
Those of us interested in the Australian property markets have seen it all over the past 12 months.
2019 started with significant negative sentiment with the Sydney and Melbourne housing markets continuing their slump causing the property pessimists to predict real estate Armageddon.
Concerns about the Haynes Royal Commission into Banking caused tighter lending restrictions, and all those fears of the possible fallout of a change of government with possible changes to negative gearing and capital gains tax.
But all those things we worried about didn’t occur – did they?
The fact is, it’s really been a year of two halves with much more positive property news over the last few months.
So here are 11 lessons can we learn from the past year to make us more successful property investors.
Lesson 1: Beware of doomsayers
As long as I have been investing, I remember hearing excuses why property prices will stop rising, or even worse, why property values will plummet.
However, in that time, well-located properties have doubled in value every ten years or so.
Fear is a very powerful emotion and one that the media use to grab our attention.
Sadly some people miss out on the opportunity to develop their own financial independence because they listen to the messages of those who want to deflate the financial dreams of their fellow Australians.
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