From: Nigel W
At the risk of sounding short sighted - I think its a good time to gear to the hilt and get as much exposure as you can. Money is incredibly cheap! Cashflow positive should be achieveable on many properties.
Naturally you should implement some risk management (ie fix the rates on a proportion of your debt) to keep your interest rate risk to an acceptable level.
The danger of course is that every man and his dog are out there thinking that now is the time to get into property cause they can afford so much more now...and of course the papers will talk of an extended boom so it must be true...right?
Remember the fundamentals but I say, make hay while the sun shines!
At the risk of sounding short sighted - I think its a good time to gear to the hilt and get as much exposure as you can. Money is incredibly cheap! Cashflow positive should be achieveable on many properties.
Naturally you should implement some risk management (ie fix the rates on a proportion of your debt) to keep your interest rate risk to an acceptable level.
The danger of course is that every man and his dog are out there thinking that now is the time to get into property cause they can afford so much more now...and of course the papers will talk of an extended boom so it must be true...right?
Remember the fundamentals but I say, make hay while the sun shines!
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