Early 2020 saw the news awash with predictions of massive property price falls. Here at Birkill Developments we didn’t agree with any of the news. The harder COVID hit the longer and deeper the price falls were apparently meant to roll out.
Again, we never agreed. When panic was taking hold, we went back to long term trends, looked at the history books and saw that even the worst economic conditions like world wars and great depressions saw losses and negative growth rates hugely overstated by the media.
Put simply it makes good news but is never right.
Now in 2021 we are growing instead of falling, the economy is strong instead of being weak and the experts got it very wrong again and are reporting on everything going up.
But, here is what is coming next. The second the news breakers can find anything negative they will turn that into a double and triple negative especially regarding property. Prospective buyers, first home buyers, investors and everyone else will have to listen to the headline grabbing reports that will inevitably arrive.
Watch my prediction come true. But when this news hits, remember back to when COVID started and the misinformation that covered the front pages. Look at the past history and remember that nothing will ever keep property down as much as people like to write about.
Not even the worst of negative news will ever take property off the winning spot as Australia’s best and #1 investment strategy. The past shows it, your parents did it, you can now do it again, the future will prove it.
Stick firm, buy more property, work out ways to strive and buy your first home or add more as financially if you do this with property it will deliver you the very best financial future you could ever plan for.