Be Careful! Tsunami Approaching!

I was reading the Australian Financial Review the other day (29/11/11) and came across a story by economics correspondent Michael Dwyer. He begins with this, ‘Resilient as Australia is, there might be no escaping at least some of the backwash of the economic tsunami now threatening the entire euro zone”.

Whilst the euro plays a relatively small role in terms of Australia’s exports, nonetheless we shall feel the effect via a slowdown in the Asian economies, especially China which takes 30% of our exports, mainly coal and iron ore.

In turn Europe is a major export market for Chinese goods. If Europe slows, which is currently happening, this effects the Chinese economy, which is also slowing, and Australia, being a major resources exporter is also effected.

Fortunately, Australia is the best place to be in a world economy which is hurtling toward a second recession in 3 years. According to recent statements by our big four banks, lending will slow and finance for homebuyers will be harder to obtain in 2012.

The implicatons for house prices over the next 12 months are obvious.

The message? – If you are thinking of buying get your finances sorted out sooner rather than later and BUY. If you are thinking of selling, do it sooner rather than later and most importantly GET REAL on your price.

To stay in touch with all that is happening in real estate, you may wish to become a Facebook Friend of Bernie Kroczek Real Estate Fan Page by simply going to our page and clicking on the ‘Like’ button. If you do be sure to enter the competition for an iPod Touch, worth $199.00 by heading to the Competitions Tab or the Offers Tab on the left side bar and enter by completing the form there. The competition closes on December 19, and the winner will be notified via email on December 20.

We are going to be holding a number of competitions throughout 2012 with lots of great prizes, including holidays, restaurant vouchers, iPods, iPads and Myer Gift Vouchers.

To be eligible all you need to do is go to Bernie Kroczek Real Estate on Facebook and click the “Like” button, then complete the form. You will also need to be able to pick up your prize from our office here at 376c Oxford Street, Mount Hawthorn before midday on December 23, 2011.

Alternatively, you can go to our Competitions Page click on the “Like” Button there and complete the entry form.

Good Luck to you all!

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