Ask Michael Anything – How important is timing the market?

It’s often said timing is everything – and real estate is no different – but does anyone ever really know the ‘right time’ in a property cycle? 
This week watch Michael explain and discuss the importance of following the market instead of trying to follow the cycle.

This week’s question:

How important is timing the market?cycle-arrows-small
I’ve read that it’s good to buy property counter cyclically – does that mean I should buy in Perth or Darwin which are near the low points?
Thanks in advance for your advice.
Edith Gold Randwick

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