I am in the market for a property in the inner west of Sydney.
Glenn Stephens comments this week really got me thinking though - I mean if the RBA Governor is telling us we are in a housing bubble (that's what he was driving at) and that rates will continue to rise, should I be concerned of a potential "overheating" in the market and buying at the top.
I know it's NEVER a good idea to try and time the market, but maybe proceeding with caution is best given the RBA Governor's comments. Maybe even holding off.
Or do some of you out there discount his comments and believe the markets will keep going regardless of whether interest rates go to the moon? If now is not a bad time to buy based on the Governor's comments, maybe buying is always good and I should never be concerned about costs of funding etc. Or maybe it's just a matter of weighing up his comments with those of others to come to one's own conclusion, I guess no one really knows where the market is headed.
Any thoughts appreciated.
Happy Easter!
SYDB
Glenn Stephens comments this week really got me thinking though - I mean if the RBA Governor is telling us we are in a housing bubble (that's what he was driving at) and that rates will continue to rise, should I be concerned of a potential "overheating" in the market and buying at the top.
I know it's NEVER a good idea to try and time the market, but maybe proceeding with caution is best given the RBA Governor's comments. Maybe even holding off.
Or do some of you out there discount his comments and believe the markets will keep going regardless of whether interest rates go to the moon? If now is not a bad time to buy based on the Governor's comments, maybe buying is always good and I should never be concerned about costs of funding etc. Or maybe it's just a matter of weighing up his comments with those of others to come to one's own conclusion, I guess no one really knows where the market is headed.
Any thoughts appreciated.
Happy Easter!
SYDB