With the current low interest rate, I am thinking of buying a PPOR in Brisbane, Logan to be specific because it is relatively cheap. I am thinking of buying land, then build a house. Alternatively, buying a cheap land with house, then build a new house after demolishing the original house.
Is this a good time to buy a PPOR? Some people are saying fix rate can't go lower, some say the property market has topped and will drop in the near future.
While I can afford to do so at the moment, I am in no hurry to purchase a PPOR. I would rather making sure the timing is right.
What do you guys think?