House prices continue to hold and even gain some modest ground in many areas across Australia, but by no means will property prices surge under the current economic conditions. In fact many higher priced house have either fallen or will fall in the next 12 months.
Is property going to become a losing investment? No way, in the long term it will always be a superior investment that will offer both modest rental returns and sound capital gains, but as always it is important to buy well, and be able to hold in uncertain times. If anyone overborrows they will be quickly exposed financially and may need to sell property at the worst possible time.
Bear that in mind whenever you buy. Be positive, but be cautious.
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