One thing that is for certain, is that all property experts, financial analysts and investors always ‘fear corrections’ in the market.
In my opinion, the world economy and financial markets will now be back in focus.
Australia is, as we all know the ‘lucky country’… however we are not immune to the world’s financial position in 2015.
Troubling signs are coming out of the USA, China, Russia and Europe.
The reality is that 2015, could see the economic problems that have not been fully resolved or addressed since 2008, which including rising unemployment rates and slowing economies will ultimately lead to a correction in many markets.
Watch this space…
China is heading for a hard landing, Europe’s Eurozone will struggle after the Greek election to maintain strength and stability and the USA need to raise interest rates.
Final thoughts on what will happen in 2015, is that the Australian property market will see very different results in the first quarter, than the last quarter of the year.
Best time to sell will be the first three months of this year, and the best time to buy will be in the last three months of this year.