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Should You Wait to Buy a Property During Economic Turmoil?

Published: April 18, 2023, 7 p.m.

As a first home buyer in Australia, you may have been watching changes in the economy around the world unfold with trepidation, wondering whether now is the right time to enter the property market.

Join us in today's episode as we explore the potential impacts of the global economic situation on the Australian property market. While rising living costs and a rental crisis make buying a home an attractive option, the prospect of rising interest rates and rumours of a recession can also be intimidating. So, what should you do?

We're here to give you the lowdown on the property market, whether you're ready to take the plunge or still weighing your options on your first property purchase. It is our goal to help you retain a long term perspective while making your choices with the utmost confidence. Let\u2019s get started!

Episode Highlights:

00:00 - What does economic doom and gloom mean for first home buyers?

02:15 - Meighan\u2019s unique house of the week

03:11 - Lessons from the past: How major events shaped today's property market

07:06 - The surprising patterns about market catastrophe and property prices

11:15 - The cyclical nature of the real estate market

13:32 -\xa0 Lessons we can learn from the failure of real estate in mining towns

15:47 - Making sound property investment decisions for the long term

20:54 - Revealing the secret to making gains in a downturned property market

Resources:

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