Rodney Samuels Consulting: The State of the Market

With the first true test of the property market for the year now over, we can look back at the weekend and see what was.

With over 1200 auctions conducted on the weekend we achieved a clearance rate of 70%.

I am sure we will still see some parts of the property community, namely journalists trying to claim the market is going to collapse.

This week we saw American Demographer Harry Dent claim Australia is the place to buy, what amuses me greatly is this so-called expert has been predicting the down fall of the total property market not sections the whole property market (little vague).

The only reason I include this is that you can’t put weight into experts opinions if they are not experts on the market, to take a fleeting interest and form an opinion is dangerous.

You wouldn’t trust a financial planner on advising on share markets they are not involved in.

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