More 'Controversy' from my interview with Sylvia Jeffreys on Australia's leading breakfast program on the Nine Network 'The Today Show' about my 'Property Market' prediction for 2017!...
I indicated that the property market will have an adjustment this year.
Not a 'Crash'... but an adjustment in the second half of this year.
I stand by my professional opinion and comments that, if you are a 'seller' in the market? Look to sell in the first half of this year, and if you were a buyer, the better buying opportunities will present themselves in the second half of this year.
The main 'reason' is that we will see an oversupply of new apartments coming on to the market and many are in the so called 'risky suburbs'... that is that the suburbs with more restrictive finance and lending criteria for purchasers as per the report that the Macquarie Bank made public in 2016.
We will also see in Australia, what I call the 'International disruption'... As our property markets will react to what will be a very disruptive 'global economy' with China's economy slowing and investment declining, the change of leadership in the USA and the upcoming elections in Germany and France.
Please click on the link below and watch 'The Today Show' interview and let us know your thoughts and opinions.