The Property Market could receive an injection of confidence if a recognised property commentator has his way.
According to Michael Matusik, the old habit of negativity should be replaced with a new habit of confidence.
Mr Matusik (CM 07/01/2012) said “assorted experts…would have us believe the Australian property market was about to crash and burn…and while prices slid – just 4 per cent across Australian capitals over the past 12 months, says RP Data – it was our confidence that plummeted.”
“No one made a lot of money in property last year but we’re probably not facing Armageddon either,” Mr Matusik said.
“The signs of recovery are there, but what’s really missing is confidence.
“Let’s start (the New Year) by acknowledging the positive signs in the market for the potential they represent and work to make that a reality,” Mr Matusik concluded.