I heard today that consumer spending is up again. This and the fact that the petrol price keeps rising makes me think that an interest rate hike is on the way.

This can be good or bad, depends which side of the property market you are sitting. If you are a buyer you will find property prices are going to drop even more, if you are a seller you will get less for your property than you expect.

I know all of this sound a bit negative but I would like to share some thoughts. Do what ever you can to hold on or buy property. As soon as these troubled times are over property prices will again rise. If you have real estate then, you will smile all the way to the bank.

Get rid of that credit card, store card and useless debt, that way you will be able to afford to keep your property, or even buy another.

The greatest wealth in the world has always revolved around real estate, so come on, get wealthy.