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Property decision theory: is it a gamble or a calculated risk?

By: Series: CSM ; November & December 2001, 27(1)Publication details: 2001Subject(s): Summary: New Australian research by D. Higgins has exposed long term economic forecasts in the property market as being highly unreliable. He argues that what is needed in the face of significant changes like e-commerce and globalisation is for more disclosure, transparency and rigorous testing of assumptions. Those who make property decisions based upon this more pro-active approach will ultimately achieve superior property returns.

New Australian research by D. Higgins has exposed long term economic forecasts in the property market as being highly unreliable. He argues that what is needed in the face of significant changes like e-commerce and globalisation is for more disclosure, transparency and rigorous testing of assumptions. Those who make property decisions based upon this more pro-active approach will ultimately achieve superior property returns.