Fast 50 mobile

Dangers of buying into lifestyle markets

Cameron Kusher, Dangers of buying into lifestyle markets

110814CKusher

{{youtube id="fVW6mczZrMs?list=PLZWLiY_OqG3NVFkLd9O_jexF9TKb0NWXd"}}

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.

You need to be a member to post comments. Become a member for free today!


Comments (0)
avatar
Attach images by dragging & dropping or by selecting them.
The maximum file size for uploads is 10MB. Only gif,jpg,png files are allowed.
 
The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
Posting as

    Related articles