Australia is one of the most desirable places to live in the world... so why shouldn't the prices be high?

Here we go.... So in 2005, prices were 50% above, in 2010, they need to fall 30%, but this is cushioned. So it could be 10 or 20%, basically where we were 2 or 3 years ago...or possibly in line with demand. The only way house prices can fall dramatically in Australia, is if our economy declines at a very destructive rate, unemployment at 12-15%, banks start to wobble, and basically a whole destruction of our lifestyle, which nobody will be able to afford to buy commodities/property anyway. To all the people who keep drumming the "Bring it on" "About time", consider this for one minute, yes you might get your house at a reduced price, but you will be out of a job, your bank will probably have gone broke - operating on a Government lifeline, your super balance will be about 30% of what it is now, and our country will be completely devastated and a terrible place to live. Don't wish for a 40-50% price reduction, if you don't fully understand the consequences.

In a similar position to most capital driven western economies... during the last 20 years, Australia has seen spectacular demand for property investment for a variety of reasons, widening the gap between the wealthier and poorer members of society. While some of the latter are still fighting the crowds to purchase their initial residence, the other end of the street are sitting on two rental properties purchased strategically by utilizing available resources and data. The best way for an income earner to get ahead now is to make use of the resources at hand, or be very, very lucky. As previously mentioned, you shouldn’t depend on luck - so there's the rub.

If you are looking for a well performing residential or commercial investment property, an addition to your existing property portfolio or a home to live in, we guarantee to save you money on your next real estate purchase. Go to http://www.directnegotiations.com.au/ or call the team on +61 (0)8 84631997