Property Don't worry about the short term; focus on the future

TELL anyone property is a long-term business and they'll nod sagely and agree wholeheartedly. Then they'll ask what's hot now.

Suggest to someone they should stop stressing about short-term economic issues and focus on the future, the standard response will be: "Yes, I understand that, but . . ." The "but" means they don't understand.

Few people do.

You could present a crowded room with a panel of 12 property experts, all agreeing that real estate investment must be approached from a big-picture perspective, and the next comment from the audience will concern the Reserve Bank's next interest rate decision or the effect of an upcoming election.

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