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With another interest rate rise looming and a federal election coming, do you think this is the best time to invest into properties?
With another interest rate rise looming and a federal election coming, do you think this is the best time to invest into properties?
With another interest rate rise looming and a federal election coming, do you think this is the best time to invest into properties?
With another interest rate rise looming and a federal election coming, do you think this is the best time to invest into properties?
I wonder what would happen if the banks reverted to the good ole days of 60% LVRs, 5-6% margins, 5 years savings history... etc.. Wonder if properties will continue to double every 7-10 years then....
To quote an old addage: "The best time to buy was yesterday, the second best time is today and tomorrow is too late"
Lets say you buy a property today for $300K and lets say it drops 10% to $270K over the next 2 years before doubling over the ensuing 8 years so that it is worth $600K at the 10 year mark.
10 years from now, are you going to be crying that you made $300K in CG or will you be crying that you "lost" $30K 8 years ago? Or will you still be researching to decide when the best time to get into the market will be? and crying that property is so expensive to get into now at $600K?
Something to think about.
Aimy
Depends which area you buy into. But then that has very little to do with outside factors. Unless transportation gets better, eg the gov builds a highway or railway to your suburb.With another interest rate rise looming and a federal election coming, do you think this is the best time to invest into properties?