The Property Buyer’s golden nugget: Ride through the waves! If you’re thinking about selling during a downturn, you are crystalising a loss. If your strategy is to hold the property, you may have a loss on paper, but things will change.
The Property Professor’s golden nugget: Don’t panic if property values are dropping – property will always come good. Likewise, if property values are increasing exponentially, it won’t last forever. It’s a cycle and it will always go up and down.