Now prices are going to correct themselves and we’ll have a correction in the market where the prices will fall and then will hit its lowest point where prices will then flat whilst you’ll find demand come into equilibrium again. So what we want to do is to identify the best time to then buy our property in this cycle, which is 7 o’clock. That is what we call ‘The start of the rising market’.
Six o’clock would be your lowest point, so here you get the lowest prices but we don’t know how long it’s going to be at six o’clock so we want to be in that part of the market where all those factors that I speak about in the ‘Factors that drive growth webinar’ we’ll be applying those factors to this market then we’ll identify where 7 o’clock is. If all those things are happening, we have what’s called the ‘perfect storm’ and that’s when we are going to achieve all growth in that shorter period as opposed to buying property at the high price, seeing a price fall, holding on through a flat spell and then waiting for the growth.
So potentially we got five or six years of opportunity cost there while the holding of property is costing us money to hold that property. To maximise ourselves as smart investors, we are buying property here, getting all that growth that’s going to appear in that cycle in the shortest amount of time and then that puts us to the position to then move on to our next property. That all makes sense, doesn’t it?