With property prices at the bottom of the cycle, investors are being told to buy now.
Australian Property Monitors senior economist Andrew Wilson said investors should not be put off by trouble abroad, as the Australian economy is, by and large, stable.
“Across most markets, property prices are at the bottom, making now the perfect time to buy,” he told The Adviser.
“But, investors are understandably nervous about what’s happening overseas and don’t want to invest. What investors need to understand is that interest rates are flat and they will remain flat for the rest of the year. As such, the outlook is good for the Australian economy.”