The upper-lower limit of the rossmunroerealestate price spectrum fluctuates your Inc anomic downturns as I said in many videos don’t buy in French suburbs guys because when there’s an economic downturn.
Which is a really good opportunity to buy properties your properties getting smashed and you can’t access equity or there are a lending restriction imposed on your property so you only do this with establishing inner suburbs in Melbourne and in fact?
Which is an rossmunroerealestate economic downturn properly done actually devalue what actually happens is more people because there’s less security and there’s more negative consumer sentiment they tend to buy cheaper properties don’t overextend themselves during life during economic booms.
You know so what happens is you got a couple and the job is kind of secure but anything can happen you need to upgrade another great and stretch themselves they’re just going to upgrade a lever buffer that’s what happens to the median price it actually shifts.
It doesn’t actually drop in value when do you do rossmunroerealestate this you do it really when there’s an emotional peak of the property market so what you do as an investor you start thinking about this that you’re doing counter-cyclical investing you’re locking in your lines of credit at.
The peak of the market and you’re buying properties at the bottom of the market because that’s when you get in the Gosha favorable terms of settlement and discounts the true historical performance of the Australian residential property marketers will attempt to send Priya.
However, the market does experience emotional high so it overshoots the market and then it reacts low you can see the market this is an example since 1890 but really the growth has started in the 1950s.
when we have the migrants come in from Europe, okay and we had a massive shift in our population. around the major capital cities and in fact if you look at the medium process in Melbourne and Sydney as a general trend