Hi. Is it unwise to be looking at my first investment property purchase in the next six months with the negative 'bust' predictions? As I understand it, if I intend to hang on to the first property for the long term it shouldn't matter if prices fall in the next few years because over the long term, property will always rise. I just need to be able to cope if mortgage payments go up due to interest rate rises. Please correct me if I am completely wrong.
In the current climate is it better to a have a higher rental yield rather than relying on high capital gain? THe rental is less likely to vary in poor times than the prices of property so wouldn't there be less risk than banking on the value of my property increasing?
This forum is making me want to get into the market asap when I know that it is likely to be the wrong time.
In the current climate is it better to a have a higher rental yield rather than relying on high capital gain? THe rental is less likely to vary in poor times than the prices of property so wouldn't there be less risk than banking on the value of my property increasing?
This forum is making me want to get into the market asap when I know that it is likely to be the wrong time.