One of Australia's most respected economists is now saying that a Property Crash is possible.
Yes, as we predicted on July the 15th, 2016, again in 2017 and once again on July the 23rd of 2018, property values are heading South fast now........
Yet whilsts this is happening, even we are suprised by the way that the media have jumped on the "Negativity Bandagon" to point out to anyone listening just how rapidly the fall is taking place. Whilst we sold all of our property last year ahead of the downturn, we cannot help feeling that the media's overreaction to what is simply part of a cycle, may lead tothe sinking of the ship.
Fortunately Classic Cars always rise unless one purchases the wrong cars, as some Ferrari and Porsche owners are now discovering. One or two Ferrari's have receded slightly on value, as we reported earlier this year...............which is why we do not ever hold Ferraris' !!.