Is Australia In A Recession? Will It Be Soon?
The Australian Government is doing everything it can to avoid a recession right now. By doing this they are consciously creating a massive asset boom within 4 – 5 years from now.
In the last month, the Australian Government has lowered interest rates and started to roll out its first time home buyer scheme.
Over the next year, we will see the government begin printing money (quantitative easing), rolling out its 17 billion dollar stimulus package, increasing its infrastructure spending and dropping out helicopter money (to people who they expect to spend it straight away). All of these levers result in artificially inflated asset prices down the line.
I know times like these can seem scary. But for those of us who know our history, they can represent a once in a 7 – 10-year buying opportunity.
If you’re a buyer in the next 12 – 18 months, please follow the fundamentals and try to remember what has happened over the last 10 years as you start to look at different markets.
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