perhaps no-one really knows the answer, but I'm keen to hear what other people's thoughts are here that have been in the game longer than me...
QUESTION: In terms of purchase of a rental property via getting a loan (where you borrow money to purchase the property, and then to some extent rely on getting growth of over 3-4% to break even), WHEN would be the time to get serious about purchasing in BRISBANE? (e.g. now / 3 months / 6 months / monitor and wait until you see XXX & YYY occurring)
Or in other words I'm wondering whether I should wait until there are signs of things picking up more before I start getting serious (e.g. picking a couple of suburbs and starting to hit the streets on weekends looking)? Although one worry I have about waiting until things start picking up is how can I make sure I see when this occurs to make sure I don't any further growth spurt.
QUESTION: In terms of purchase of a rental property via getting a loan (where you borrow money to purchase the property, and then to some extent rely on getting growth of over 3-4% to break even), WHEN would be the time to get serious about purchasing in BRISBANE? (e.g. now / 3 months / 6 months / monitor and wait until you see XXX & YYY occurring)
Or in other words I'm wondering whether I should wait until there are signs of things picking up more before I start getting serious (e.g. picking a couple of suburbs and starting to hit the streets on weekends looking)? Although one worry I have about waiting until things start picking up is how can I make sure I see when this occurs to make sure I don't any further growth spurt.