Loan pre-approvals by banks can be confusing. They aren't a rubber stamp to buy whatever you want, but some buyers are being a little too cautious.
Alan Kohler and I talk property investment
I had fun and gathered some major insights into how other investment experts are grappling with the challenge of skittish times at the shooting of an Eureka Report Investing Outlook video this afternoon.
Sitting around the table with the doyen of business commentary Alan Kohler were investment allocation expert Doug Turek and Managing Editor of Eureka Report, James Kirby. Among the many issues that were analysed, we considered how investors can be prudent without being paralysed into inaction.
One thing is clear to me. High quality, investment-grade Australian residential grade property is better placed than most assets out there to weather the storm. Should the crisis worsen and the Reserve Bank decide to cut interest rates, property will benefit disproportionally.
On a lighter note, take a look at the happy snap with Alan. Cheers, Monique.