Margaret Lomas

Well, you're certainly making it sound very gloomy, and I think that's probably because it is.

The thing I'd like to note about the gloominess is that it's like we wake up every day and there's a different kind of gloominess.

And it's almost like

I don't know about you, but I've gotten to that point where I read it and I go, OK, no worries, because the next day it's going to be something different and the next day it's going to be something different again.

And I almost feel like it becomes empty threats, even though it's obviously not.

We just can't work out what's really going to happen next because the man in the White House flips and turns like a fish that's just been caught.

And I've also seen a lot of predictions.

And if predictions do nothing else than get you kind of ready for the next round of what might happen.

What I've seen happen many, many times, and back when I had my show on Sky News Business, I certainly interviewed a lot of these people who are making these predictions.

There were so many people during any kind of a crisis who

where there's always been an expert or two or five or 10 of them who say property prices in Australia are going to face a catastrophic fall.

We may all remember Stephen Keane many years ago, who said it was going to fall by 40% and had some famous video

where he had to then hike a marathon up a mountain if it didn't occur, which he ended up having to do.

We had a young upstart by the name of Jordan Wires.

He said property prices were going to fall by 60%.

We've had many economists say over the years that property prices are going to face a substantial fall off a cliff, and none of it's ever happened.

I recall the global financial crisis where I had a fairly substantial property portfolio that I was building at the time.

And while my property values didn't necessarily increase during the global financial crisis, what did happen was I had a significant increase in demand on rentals as people decided to rent instead of buy.

And therefore, during that time, I really enjoyed a lot of increases to rental prices there.

And I know that's not great from a tenant perspective, but from a landlord perspective and somebody interested in investing in property, it was an event that actually was beneficial to me rather than detrimental.