Interesting topic for a newb to investment like myself. For the bears who say there will be a correction or period of decline, what are the drivers of this? Obvious the sydney market is diverse, but are we talking about macro economic factors that drive employment in our financial sector/mining etc and international investment, or other factors such as oversupply, interest rates etc?
I just want to know the reasoning behind your predictions.
And we all know you can make money in a bull or bear market, so if a correction is on the cards, where would you park your money in a buy and long term hold strategy? The cheaper houses out west? or the more premium stuff in the inner city, eastern suburbs, northern beaches and north shore? what I'm asking is what type of property would be most resilient to such a predicted correction?