I don't see any 'future' for price appreciation for next 10 years..
historically, for the last 10 years or previous property cycle, 1 person can afford to feed the monthly installment..10 years later or now, 2 person or a family or a household income to pay an installment...
..so..next 10 years or next property cycle...are we still anticipating a price movement like today..or like past few years..be frank, i don't see it coming...last 2-3 years, our property was full of investor groups..the so-called "the property investor group"..or friend-share-with-friend group..with the DIBS incentive..low entry cost..everyone claimed that the property market is looking "hot"..does it really "hot"? We shall see..
Back to square One for investing in property..
The best rule in property is to buy based on "location...location, location, location"..this term always hold true..the term is used by property valuers...many ppl seem to forget this....investing into a property based on developer's brand?...developer's profile?..developer's track records?..developer's DIBS?..ARE THESE THE most APPROPRIATED RULES..to me..it seems a bit crazy to me..
we shall see the effect in coming 2 years..
"the property wave has been roared for the past few years..it shall return to its original shape after the property wave passes"..this is just my 2 cents
over the past 2-5 years...many locations and their prices have been ridding to the property wave..those had ridden above it will come back to its original shape..
those below <300k is the best bet?
Always remember... Price is not equal to VALUE..