Property investors should plan ahead to take advantage of the next upturn in the property cycle, according to quantity surveying firm Asset Economics.
“Property booms never last and neither do property busts,” the firm says in its latest newsletter.
To take advantage of the next boom, investors really need to buy for long-term capital growth and take in account the ripple effect.
“As our next property cycle comes around, it‘ll be the most desirable, most sought-after areas that start growing first, and these are usually the most affluent areas too.”
From there, capital growth starts to “ripple outwards!!”