The Danger of Macro-Level Property Price Assessment

?? IT IS INTERESTING to see that when you research for property prices, it is wise to not relying fully on macro-level assessment. These are stats produced by CoreLogic of top 100 suburbs for growth over the past 25 years. I have trimmed it to just be the first 25 suburbs. Let’s just focus on the WA ones. All I can say is, ALL the suburbs mentioned below are currently going huge downtrend. If you ask me personally, will I buy in these suburbs? As for me, numbers are everything. Read on ⬇️

All I can say is, all that goes up must come down. And all that is down must go up. These suburbs have very low median price at the moment, and with vacancy rate that is very low, you can easily earn 6-7%+ yield and just to hold it. In my opinion, it will all depend on the asset selection and your risk appetite. I have buyers who are OK buying in these low suburbs as long as yield is high and property is rented out. However, I also have buyers who won’t be able to sleep at night worrying if price will keep coming down.

How about you? What and where would you buy?

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