What will happen to the Gold Coast market after the floods?
Written on the 21 January 2011 by James Cagney
Firstly, our hearts go out to those families who have lost family and friends. In true Aussie spirit many folk are picking themselves up from despair and making the best of what they have left.
Few investment property experts can claim to have got it right in 2010 ( Michael Matusik one of the exceptions). The property market throughout Australia was unpredictable to to say the least over the last few years. Fortunately, I managed to get a number of things right so go to the "News" section on my website or click and click on "Updates" for some valuable insights into why the market performed the way it did in 2010.
(2) Investors will be cautiously optimistic. Since mining towns are renowned for boom and bust due to commodity prices and natural disasters (particulaly after the adverse media attention they have received), investors will be looking at more stable areas like the Gold Coast to invest.
Author: James Cagney