by Sanjeev Sah | Feb 21, 2023 | Market Updates

Want to be a successful property investor? Then you need to be able to see things in perspective. 

Take the news that Australian property prices fell 8.4% in the nine months to 7 January 2023, the steepest decline in CoreLogic’s records (see image)

Here’s some perspective: while that downturn might sound bad, it comes after national prices grew by a stunning 28.9% between September 2020 and May 2022, which was the fastest rise on record. 

As a result, at the end of December, home values were still 16.0% higher than they were five years ago, and 59.8% higher than they were 10 years ago.

So learn to ignore the short-term noise and negative media chatter in favour of staying focused on the bigger picture.