The Sydney and Melbourne property markets were very buoyant between 2012 to 2017. In 2018 & 2019 they have tapered.
This could imply that there is some property cycle risk inherent in purchasing in these markets. This is an example of why it is important to have a long-term view when you Property Select.
If your plan is to purchase and hold property, you are likely to ride out any dips or troughs in the market.
Timing market cycles is higher risk – but should be considered!
History suggests most experts cannot predict market cycles.