Is Australia heading for a recession in 2020? (& What wil happen to property prices?)

Sure our economy is going through a rough patch but is Australia heading for a recession?
Those investors who take a long term view and recognise that all economic downturns are temporary, while the increase in value of well located residential properties in our capital cities is permanent, will be able to take advantage of the property investment opportunities the current buyer’s market is delivering us.

#realestateinvest #realestateinvestor #realestatebusiness #propertyinvestor #propertyinsights #propertyadvices #melbournerealestate #melbournerealestate #brisbanerealestate #sydneyrealestate #australiarecession #australianpropertybubble

[johnkouts]

I am only worried if most renters buy now from 1st January and rents go down and property prices go up

[geoffmtchell]

You contradict yourself. “I don’t see double digit growth but Sydney will turn around to historical peeks in 12-18 months”. With a 15% drop you will need double digit growth to hit your prediction.
You had a good run but it’s time to pack up and go home. Take your gains and get out before it’s to late!

[Fordcryptofairlane]

Micheal Michael your a property cult member ! It’s not looking good for u guys ! 👍

[jonathonrago]

@2.08 "playing into the doomsayers". I am all for competing views which provides a balanced debate but that is a ridiculous comment. Didn't we just see a property fall of 15% in Sydney? Maybe those same people are going to be more conservative with spending.