Tarun Gupta, the CEO of property giant Stockland is not your average investor.
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Gupta says Stockland picked the top of the housing cycle in 2021 and has been cautious ever since; for example, it hasn’t acquired much in the way of new land for residential developments since September 2021.
– source AFR
Weathering a downturn is no fun, however with suitable planning and buffers in place we can survive negative markets and still be there to benefit from the long term advantages of owning property.
Timing the absolute bottom of the market is only predicable in hindsight and if you have the long term view, buying when there is less competition is more important compared with being within a month or three of perfect timing.
It’s my personal opinion that we will have a market in the next 12 to 18 months which will combine rising yields with falling rates, which is close to ideal for property owners.
