4 of the most pressing property questions I’m being asked at the moment


3. So who should I listen to for property advice?

I believe it’s important to be careful who you listen to and only rely on proven and trusted providers of property market information to give you their long-term perspectives.

Of course, it’s also important to understand everyone else’s opinion on property, but that doesn’t necessarily mean giving them the right to give you advice – so be careful of your family and friends and others who tell you what to do.

Only listen to people who have already achieved what you want to achieve.

The problem is, in investing, a property optimist sounds like a reckless cheerleader, while a pessimist sounds like a sharp mind who has dug past the headlines.

So it’s important to remember that the long-term trend of our property markets has been upward for the last hundred years and this has been interrupted by multiple short-term downturns.

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In Australia we seem to have 25 million property experts – everyone has an opinion.

You know what they say about opinions… there like belly buttons; everyone has one but they’re basically useless.

Of course, even the property experts tend to get it wrong despite being armed with all the research available in today’s information age.

The reason is those market movements are far from an exact science.


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