Property investors should start planning right now to take advantage of the next upturn in the property cycle, according to quantity surveying firm Asset Economics.
“Property booms never last but neither do property busts.”
In taking advantage of the next boom, investors need to make sure they’re buying for long-term capital growth remembering to take in account the ripple effect.
As the next property cycle comes around, it‘ll be the most desirable as well as sought-after areas that start growing first, and these are generally the most affluent suburbs too.
From there, capital growth begins its ripple outwards!!