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Dangers of buying into lifestyle markets

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Cameron Kusher, Dangers of buying into lifestyle markets

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With the lifestyle markets, the risks in those areas are that often they're only linked to one or two economic sectors. So coastal markets obviously are heavily reliant on tourism. With the high Australian dollar and an event like the financial crisis, we've seen those markets have generally been quite weak over the last six or seven years. The risks are that in a down turn, in a segment that that area is directly linked to can have a pretty damaging effect on both house prices and overall desirability of those lifestyle markets.

Listen to other instalments of The Smart Property Investment Show:
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
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