I believe the future for Australian real estate is bright In the coming year we will see a weakening in the Australian economy and in order to ward off recession we will see rates fall again, this time we will see official negative real rates which unlike the US our central bank has yet to resort to. Negative real interest rates will see real estate enter another boom period, sure our dollar will tank as the us dollar has but in a globalised world a weak currency is seen as a blessing and only hurts working stiffs who will be so distracted by their house going up they will not care. Delation is not an option we must continue to inflate.
Official negative real rate = real estate rocketship.
I am thinking of doing a RE agent course in anticipation of the next leg up. Buy the dips.
