podcast

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 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
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