We're often warned to avoid "buying at the peak" as if it's possible to identify when exactly that is . But this tends to distract from a very important fact: timing the property market requires two right decisions, and not just one.
We can see that, for units bought between 2003 to 2005, the average holding period was just 2.4 years. For those bought after the SSD , the average holding period was 5.2 years. If these buyers had held on for longer, however, their chances of seeing losses could have been reduced. So once again, the buyers bought at the right time, but were foiled by selling at the wrong time.As we gathered the data, we noticed it had some overlap with an earlier article. Here, we explained why luxury homes tend to fare so poorly.
When cooling measures or worldwide black swan events happen, they tend to impact the luxury market more heavily. Also, most of the local market would typically prefer to buy a landed home, at the higher price points.