When is a good time to start?

The best time to start is when you can. There is never a perfect time to start but you must start sometime.
As they say: “The best time to plant a tree was 20 years ago, the second best time is now!”

Start - Before the Boom
Start - In the Boom

You can’t do all of your buying the day before the boom. In reality you must gradually acquire as many as you comfortably can before the boom.

BRISBANE Median Sale Price Houses 1970 – 2007

Year Land Use Volume No. of Sales Median Sale % Change Over Year
1970 HOUSES $1,127,755 109 $9,910
1971 HOUSES $6,085,177 469 $11,500 16.0%
1972 HOUSES $12,994,390 821 $14,000 21.7%
1973 HOUSES $23,450,246 1085 $20,000 42.9%
1974 HOUSES $27,216,564 1160 $22,047 10.2%
1975 HOUSES $42,166,573 1565 $24,900 12.9%
1976 HOUSES $48,867,187 1647 $27,500 10.4%
1977 HOUSES $55,441,751 1690 $29,450 7.1%
1978 HOUSES $60,860,756 1806 $30,500 3.6%
1979 HOUSES $82,773,071 2348 $32,000 4.9%
1980 HOUSES $120,599,361 2997 $35,450 10.6%
1981 HOUSES $163,062,678 3260 $46,000 29.8%
1982 HOUSES $149,678,945 2495 $55,000 19.6%
1983 HOUSES $221,419,470 3513 $57,000 3.6%
1984 HOUSES $283,178,482 4213 $60,500 6.1%
1985 HOUSES $320,016,278 4582 $63,000 4.1%
1986 HOUSES $303,786,419 4181 $64,000 1.6%
1987 HOUSES $562,363,277 7277 $66,500 3.9%
1988 HOUSES $989,460,986 10213 $83,000 24.8%
1989 HOUSES $1,022,391,968 7991 $107,000 28.9%
1990 HOUSES $1,243,885,829 9068 $118,000 10.3%
1991 HOUSES $1,882,460,239 13173 $125,000 5.9%
1992 HOUSES $2,384,261,125 15904 $132,000 6.0%
1993 HOUSES $2,576,967,129 16259 $140,000 5.7%
1994 HOUSES $2,519,750,739 15132 $147,000 5.0%
1995 HOUSES $2,190,395,681 12645 $144,000 -2.0%
1996 HOUSES $2,183,729,424 13329 $144,000 0.6%
1997 HOUSES $2,853,019,246 16505 $150,000 3.5%
1998 HOUSES $2,828,016,228 15902 $155,000 3.9%
1999 HOUSES $3,507,917,925 18361 $162,000 4.5%
2000 HOUSES $3,733,555,302 18358 $173,000 6.2%
2001 HOUSES $5,461,113,977 23978 $195,000 12.7%
2002 HOUSES $6,917,655,349 24017 $246,000 26.5%
2003 HOUSES $8,234,165,049 23417 $314,000 27.3%
2004 HOUSES $6,457,748,589 15855 $356,000 13.4%
2005 HOUSES $7,302,280,109 17325 $363,900 1.1%
2006 HOUSES $8,674,042,969 19289 $385,000 5.8%
2007 HOUSES $11,288,174,308 21460 $450,500 17.0%

Last quarter the median house price was $508,000

Try to pick a “BAD” time to buy!