Hi guys, been scouring the forums in recent months trying to build up my knowledge about this topic (property) and i have to say despite many hours of reading i still feel a bit less 'educated'. As of late I've been getting mixed messages about the current market. So I'm writing to the readers out there to get some insight and perhaps gather some idea to build up my strategy and plan my next move.
So here is my situation. One day I woke up and realized i better grow up and get a house. I work full time, been saving since towards the end of last year and got to around 30k of savings so far. I have no debt. I moved back home with my parents. I have minimized all my weekly expenses and been roughly saving 70-80% of my income.
My intention is to buy a house within my mean and rent it out while i have the advantage of living the parents for the first few years while my income + the rental income pays off some of the house.
So with the current market the way it is (i've read its crashing?) what do you guys reckon I should do? Keep saving?
So here is my situation. One day I woke up and realized i better grow up and get a house. I work full time, been saving since towards the end of last year and got to around 30k of savings so far. I have no debt. I moved back home with my parents. I have minimized all my weekly expenses and been roughly saving 70-80% of my income.
My intention is to buy a house within my mean and rent it out while i have the advantage of living the parents for the first few years while my income + the rental income pays off some of the house.
So with the current market the way it is (i've read its crashing?) what do you guys reckon I should do? Keep saving?