Q. I am looking to buy my first investment property. I have been told that it is best to buy at the bottom of the cycle and sell at the top. However, someone told me to just buy “on the trend”. What does this mean and how does it affect me?
A.The term ‘property cycle’ is used to describe fluctuating property prices. Until recently it was generally agreed that these cycles occurred over roughly a seven year time frame, however economic instability has meant that cycles are now more sporadic. Property cycles do not affect all properties in all areas in the same way.
