Certified Financial Planner professional, Matt Hern has three times been awarded as one of Australia's Top 50 Financial Planners by The Australian Financial Review Smart Investor. He is passionate about guiding you on the right financial choices to achieve what you really want. Matt Hern is an Authorised Representative of Charter Financial Planning Limited AFSL 234665. All information is general advice only.

3 responses to “Property prices do go down”

  1. Gihan Perera

    This is an interesting blog post, Matt, and I agree with you about encouraging robust decision making. But your point shouldn’t be about property; it should be about morons making poor investment decisions.

    I mean, you’re talking about somebody who buys something at 140% of its value (full purchase price, plus costs, plus 4 years of interest) in the hope that it will turn a big profit in four years. If that’s your wealth creation strategy, you’re an idiot. It doesn’t matter whether you’re investing in shares, property, a business or ostrich eggs.

    On a different point, I think you should be very careful about quoting broad-based generalisations like, “Home buyers in Perth have seen no capital appreciation since August 2007”. This is complete rubbish. I know people personally for whom this is completely untrue (and I reckon we might even know some of the same people, Matt).

    Of course, the Rismark-RP Data people will argue that they didn’t mean this LITERALLY, and there are always exceptions. If so, I will make the same argument about statements like “property doesn’t go down” – which are almost never meant literally.

  2. Investment properties perth

    Australia is a real estate investor’s paradise. Such prices falling offers diverse opportunities of property investments than in any country.

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