How quickly things can change.

Just back from 3 weeks away and we have a new prime minister, that was a shock. Another government back flip on yet another tax. The property market seems to have continued to cool somewhat also in that time, so that we remain on a more sustainable long term growth platform rather than a raging market that risked bursting if it kept going the way it was.

But as always, some things change and some stay the same. At today’s Reserve bank meeting it was decided to leave interest rates on hold for another month as was widely expected.

The link below is to the RBA website if you would like to read more about the announcement.

As far as property goes it is swinging from a seller’s market into more of a buyer’s market, remember the old rule of investment. ‘Buy when everyone is selling and sell when everyone is buying’. Using that rule the there could be some good buy’s in the market now and in the coming months for those astute investors out there, you may also be up against less competition.

As with any investment strategy, do your research before jumping in. But those that procrastinate or wait to see if the market will drop further might be the ones who miss out.

Maybe, maybe not. No guarantees except that if you are never in it, you will never win it.

Ok Ok, forgive me, Maybe my brain is still on holiday.

Anyway, until next month keep well.

http://www.rba.gov.au/media-releases/2010/mr-10-12.html

Colin McIlfatrick
Acceptance Finance