1 Nov 2022
Market Metrics: Listed Property
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Melbourne Cup is always an exciting and fun day.
Thinking back over the past 3 plus decades, the worst asset price crash occurred during the 2008 GFC (Global Financial Crisis).
And the worst performing asset class was property, not residential but listed commercial, industrial and retail.
The fall was in the order of 70% to 80% from peak to trough. That is big.
Click for chart.
All asset prices fell during 2008 GFC apart from cash at bank but the key was not to panic and sell. Investors who bought more and or increased their allocation to growth assets went on to make a ton of accelerated profit.
The current crash in asset prices is receding quickly and it just might be all over but if you have family, friends and or colleagues that want to take advantage, please contact us.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.