Properties are discounted for several reasons.

- The original listing price was set too high.

- The property is sub-standard and nobody else wants it.

- The property is a ‘niche property’ and there are limited buyers for it.
 
- The seller wants a quick sale.

- Prices have fallen due to softening market conditions.

Buying investment properties has proven to be a great way to build wealth over the long term, with some suburbs doubling in value every seven to ten years.

This article was written by - Micheal Matusik - The Matusik Snapshot http://www.matusik.com.au

Slow yes, crash no.

I am increasingly asked if I think the Australian residential property market will follow overseas markets where values have fallen sharply (by over 20% in many European countries and parts of the United States) since the GFC. 

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Damien Holliday Buyers Agent

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