Dangers of buying into lifestyle markets
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.
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