There is no doubt the Australian residential property market is softening: rates of growth are falling, the time it takes to sell a property is increasing and the level of vendor discounting is rising. Just like the share market has ‘blue chip’ stocks that are largely protected from any sustained down turn, the property market has ‘blue chip’ locations that will generally provide a safe haven from any sustained market downturn. Tim Lawless, RP Data national research director reveals where to find these property safe havens that are likely to weather market volatility.
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