Sydney and Melbourne are dropping now.But I don’t see a wholesale market drop. That would be interest rates went up at least 1 % point, and the economy was in the same state as now.
But as Australia is made up of a lot of real estate markets. Rather than focus on when to purchase (market timing). The question is where to invest.
1. It lines up with properties unique intrinsic quality, the location is unique to each property.
2. You can use information on the where better than the when. It’s too hard to predict markets and timing. But it is easy to follow big infrastructure developments and ride the coattails.
With the big Australia policy agenda, the country is still building out it infrastructure. Follow that, tuck in close with good locations, then wait for the projects to increase scarcity and demand.
Keep it simple.