David Johnston – The Property Planner’s Golden nugget: There’s fear out there and we all have fear, the more I think about what is happening the more I keep coming back to the same fundamentals, if you buy property you should be thinking long-term, should be making decisions based on your own economy, if income is stable, you’ve got strong affordability, you’ve got a good cash flow buffer and risk management strategies, it’s probable that right now is a great time to buy, if you can hold long-term. The property reductions have not been that great, they tend to last 6 months to two years. The same fundamentals apply now and maybe even more when we’re going through downturns.
Cate Bakos- The Property Buyer’s Golden nugget: What I would do if I was a policy maker, I’d be thinking about how to get more money flowing in the economy, because if we’re giving handouts to people and they are saving it or paying down their mortgage, it is not serving the right purpose. We want to be supporting local businesses and getting them up and running, so my idea is that something like a book of vouchers supplied to every household, tokens that we can use out there in our local economy to stimulate recovery.