Economists say housing prices could fall as much as 20% if a recession lasts longer than six months (or two consecutive three-month periods).
With the imminent ebb in market growth thanks to the current global pandemic, it’s an alarming realisation for homeowners. Market experts have reported a rush to sell amid the mounting crisis.
While minimal interest rates provide some welcome home loan relief; a dwindling asset value is less than desirable.
If you were looking to sell your home or use it as investment equity in the near future, you might find you’re left a little short-changed.
It could be good news for buyers – though, with many currently being forced out of their jobs, the prospect of snapping up cheap real estate loses much of its sheen. Rather than researching lucrative property options, many households are having to scrape their pennies together just to put food on the table.
When the economy eventually starts to bounce back, it will be happy days for income earners, yet a slow process to full recovery. Even though housing prices may remain low, other essential daily expenses will soar in an effort to stimulate economic growth.
It’s a difficult time for many Australians, most of whom are battling to pay the bills and looking for a way out.
Though cash flow may be tight in this financial climate, there is still a way to generate wealth for the roads ahead.
Rather than relying on salary instalments, you can use your existing superannuation to boost your future comforts. It’s a transition to a prosperous retirement that doesn’t require any extra funds.
Instead of dipping into your nest egg for immediate cash flow, think long-term gain over short-term relief. By using your super to invest in GSA’s property syndication plan, you can generate fast and high-yielding rewards and give back to your future self.
Get in touch with our investment team today – and sail the tides of change to a buoyant tomorrow.