By Carly Crutchfield
Unless you live in a cave you would be aware that apparently we are in a financial and property crisis. Hmm, I beg to differ.
I mean, yes, I acknowledge that the current economy is not quite what it used to be; the share market has been shook up and finance doesn’t appear to be as easy to access as it was this time last year. But crisis? I don’t think so…unless they mean the OTHER definition of crisis.
The Chinese say that there are two meanings to the word crisis;
1. Danger
2. Opportunity
Well if they mean opportunity, I would have to agree! I have seen all sorts of property opportunities from Darwin to Perth, Sydney to Brisbane and back again. I have negotiated property deals in crash markets, boom markets and emerging markets. But I have NEVER seen the kinds of opportunities and deals that are landing on my lap right now. This isn’t a property crisis, this is Property Christmas!
So what exactly is going on then? Well this is my view in nutshell…You can’t deny the fact that the American market has crashed. When the superpower of the world starts to buzz this much about a ‘crisis’ the rest of the world listens. So the Australian media start to buzz about the crisis and our masses listen. Most Aussies are not taught about the property market, financial markets, investment strategies etc. So without a foundation knowledge and with most media outlets spreading the message of the crisis, the feeling of doom and gloom spreads throughout the population.
Feeling uncertain about what to do? Most people freeze up, do nothing and sit on the fence to watch it all play out. They stop spending, they stop investing and suddenly we see a drastic decrease in demand. However the products are still on the market, and still need to sell. So the owners have no choice but to drop their prices to try and appeal to the few people who are still buying. And therein lies the opportunity.
This Property Christmas may never happen again in our lifetime. Over the next couple of years we will see many millionaires and even some billionaires emerge from this. Don’t be the one sitting on the fence, jump down and come play!
At the age of 27, Carly Crutchfield is a self made millionaire, the CEO of several national companies, has been involved in developments throughout Australia, New Zealand and America with a value of more than $200 million dollars and is currently undergoing several projects in NSW and QLD. www.carlycrutchfield.com.au
