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b"https://www.youtube.com/watch?v=eaL7u50Mcw4\\n\\n\\n\\n\\n\\n\\n\\n\\nNow is a very exciting time in the Australian property market with Australia showing it's first month of growth in nearly 2 years. But I personally wouldn't just be chasing capital growth in this market, here's 7 reasons why.\\n\\n\\n\\nBook a Free Property Strategy Session\\n\\n\\n\\n0:00 - Introduction0:31 - #1: Mid Cycle vs End Cycle Slow Downs2:15 - #2: Looks Like We Are Heading For A Global Recession3:14 - #3: Interest Rates Are At All Time Lows4:09 - #4: Sydney Only Dropped ~15%, Melbourne Only Dropped ~10%5:37 - #5: Not All Areas Are Growing in Value6:33 - #6: Wage Growth Isn't That Strong7:08 - #7: We Are In Turbulent Times\\n\\n\\n\\nWhat I Would Do In The Current Market\\n\\n\\n\\n8:22 - #1: Seek To Minimise Risk With My Investments9:05 - #2: Get Myself In A Good Cash Flow Position10:03 - #3: Purchase Assets That Are Increasing in Natural Desirability11:30 - #4: Have a Back Up Plan12:08 - #5: Properties Where You Can Manufacture Growth\\n\\n\\n\\nTranscription:\\n\\n\\n\\nRyan 0:00Now is a very exciting time in the Australian property market with the market as a whole. On the rise again, I'm just looking at some data here from corelogic, showing with high growth in Sydney, Melbourne, Brisbane, Hobart and even Darwin over the last month, but I still don't think this is a time to just be chasing capital growth above everything else. So in this episode, I want to talk about seven reasons why you shouldn't just chase capital growth in 2019 and 2020. The first reason is mid cycle versus end cycle slowdowns, or recessions. Now, the last recession or global recession that happened was in 2008, the last Australian recession was something like 27 or 28 years ago, it's absolutely ridiculous, and how long we've actually staved off a technical recession. But it does look like we're heading into a time of economic contraction. In Australia where things aren't growing as quickly as they were during boom time. It's unclear as to whether this is a mid cycle slowdown, like Ben Everingham talks about and Phil Anderson talks about, which is a little bit of a slowdown before we have more growth, and leading into an end cycle, which is a much larger style, depression or recession. So it's unsure at the moment, if we're heading towards a mid cycle slowdown or an end cycle slowdown. And those will affect the market very differently. And what governments do to combat those will affect things differently as well. And so one of these things that I'll talk about just kind of lead to the turbulent times in the market, unclear as to whether we're going to have boom times ahead, looking back at Sydney at 2015 2016. Right before it had that massive run up, you could kind of see that, okay, yeah, this ramp is going to happen. And it's just a matter of how long this is going to last. Whereas at the moment, heading into a mid cycle slowdown or an end cycle slowdown, it's unsure which of those we're heading into, but it definitely looks like turbulent times ahead. It doesn't look like boom times ahead. And now that may change, and the economy may flip on a dime and move into boom times again. But at the moment, it doesn't look like that's happening. The second reason is that does also look like we're heading for a global recession. Now the last global recession was 2008. And what's happened is that the yield curve has inverted. I'm not going to get into the technicalities of this. But this has been an indicator that a recession is coming and has always happened before a recession in the last 50 years. Now there was I think one or two times that happened and we didn't have a recession. But we did have a slowdown. But the longer this yield curve is inverted, and it has been inverted for some time, the higher the chance of a recession in America. And so America obviously is going to lead the charge. And if they end up in a recession, it's highly likely to cause a global recession. So it is looking like we're going to head into a global recession."