Too late for what! My families experience of some of our property purchases over 50 years. Dad bought house in Subiaco 1959 for two thousand pounds,around 4k. Bought again in Subi around 1969 for 20k. Bought again in Subi 1977 for 28k. I bought in Subiaco 1996 for 410k. Current price 1.3 or 4 million. Can you see a pattern? You buy property on a forever basis, unless you like giving landlords some folding. If you sell an investment property because of an impending slump you get to pay cap gains tax and lose neg gearing advantage, and thus start paying income tax. After you have sold that property and pay your taxes it is unlikely you will have the necessary funds to repurchase that same property,slump or no slump. Get the picture! Invest in your childrens future.
