As we watch the Global Share Markets tumble around us, it is nice to get some good news and we found that in welcoming our 4,500th Member to aussieproperty.com on the 22nd January 2008.
On a day that saw markets fall considerably, some at record declines, we are reminded that property (and particularly Australian property) will no doubt become the safe haven for 2008.
The days of easy and quick money may well be behind us now as the stock markets enter there "Bear" phase of slow conservative growth while many invetsors lick their wounds.
Fortunately we had warned of this during our October 2007 world seminar tour, so hopefully many people had taken more conservative stances on their portfolios. We are confident that the good companies will recover in the short to medium and confidence will return to the market once Governments acknowledge the seriuosness of the situation and properly address the issues.
In the meantime, we expect to see a flurry of activity in Australian property markets as people seek the safe alternative of bricks and mortar in a stable and proven market.
The strong internal demand from a stable economy (which will be very much insulated from the downside effects of the US economy) and strong incoming migration will continue to drive the property prices in Australia which still represent great value.
On a day that saw markets fall considerably, some at record declines, we are reminded that property (and particularly Australian property) will no doubt become the safe haven for 2008.
The days of easy and quick money may well be behind us now as the stock markets enter there "Bear" phase of slow conservative growth while many invetsors lick their wounds.
Fortunately we had warned of this during our October 2007 world seminar tour, so hopefully many people had taken more conservative stances on their portfolios. We are confident that the good companies will recover in the short to medium and confidence will return to the market once Governments acknowledge the seriuosness of the situation and properly address the issues.
In the meantime, we expect to see a flurry of activity in Australian property markets as people seek the safe alternative of bricks and mortar in a stable and proven market.
The strong internal demand from a stable economy (which will be very much insulated from the downside effects of the US economy) and strong incoming migration will continue to drive the property prices in Australia which still represent great value.
