With the share market suffering huge losses this week, with the ABC reporting today that the…

“Australia's share market has joined Wall Street in a correction, falling more than 10 per cent since their recent record highs, while the Australian dollar plumbed a fresh 11-year low.

In the space of just a week, the ASX 200 has gone from a record closing high of 7,162 last Thursday to a low of 6,427 in today's session.

This morning's initial 3.3 per cent slump took the losses above 10 per cent since that record, marking the beginning of what traders call a "correction".

To enter a "crash" or "bear market" share prices would need to lose another 10 per cent from there.

Looking at the broader market, represented by the All Ordinaries index, Australian shares have lost more than $240 billion in value since their highs last week.

It is the biggest weekly drop for both Australian and US share markets since October 2008, during the peak of the global financial crisis market chaos.

The Australian dollar has also again plumbed financial crisis depths, falling to 65.29 US cents during afternoon trade.”

A Turn Towards Property Investment

When share markets fall a lot of investors often look to invest in the housing market again to diversify and spread their risk as bricks and mortar is seen to provide a more resilient investment during uncertain times. Whilst the bad news surrounding the impacts of the current global health crisis is causing turmoil & chaos amongst business.

If you’re thinking of switching across to investing in property, we’ve got some news! It’s now not only easier to get a loan but several of the banks have just cut their mortgage rates for investors, despite the RBA holding rates steady this month.

Property investment should always be for the long term and it’s certainly advantageous to get started when rates are at record lows.

if you’d like to know more about investing in property, and gain some valuable insights from one of Australia’s leading property experts, make sure you check out John McGrath’s top tips for property investment in 2020 here

Also, when looking at investing in property, it’s worth checking out my recent article titled…

Draft Report: A Look Into The Future For Acreage This Decade.’

There’s going to be some massive changes in the acreage market this decade.

Plus, I currently have some great opportunities amongst the acreage sector located on the fringes of Sydney which are showing excellent returns and excellent potential for growth along with future development opportunity.

Don’t hesitate to contact me if you’d like to know more about these properties and the long term benefits of investing in acreage.

Regards

Greg Vincent