Those of us who battled through the recessions of the 1980s and 1990s may be feeling a sense of de ja vu - but this time around, the fear and panic are running deeper and broader as this unprecedented financial meltdown steamrollers its way around the world.
Much has been said about Australia's strong position and potential to weather the storm: we have a massive surplus to combat recession, strong and solvent banks, and an export-oriented economy that, while it will certainly slow down, it will not evaporate.
But what of the property market? In this issue, Your Investment Property delves into the changing dynamics of the financial sector and the likely impact on the Australian property market. At last, there is some good news!
We also show you how to manage difficult situations such as negative equity, and reveal the best strategies to maximise your profit in the current market. It's no secret that Australia's property market undersupply is being driven in part by population growth from surging immigration, so we examine which neighbourhoods are being most impacted by immigration and which have the best prospects for growth.
Our regular features include advice and 'ask the expert' features, plus a monthly state roundup and property price guide to help you discover how your suburb is performing. Make sure you get to your newsagent and pick up a copy of the January 2008 issue, on sale now.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
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