There has been a lot of comment by the media in the past few weeks around the possibility of a severe downturn in the property market. While Toowoomba is traditionally a little protected from the huge swings southern markets endure, consumer confidence is the single biggest factor in the buying and selling of a family home.
Most pundits have been indicating that any downturn would be a good thing for the majority, particularly first-home buyers, but I tend to disagree. I read an interesting article during the week about the negative effects of a market crash that succinctly articulates my opinion on this topic.
You can read the article here.