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Is it a good time to buy property?
i lived in Australia for over 4 years, always renting, the money spent on rent has been huge. was thinking if it's a better idea to buy for myself, be my own landlord. However, I kinda of slow, missed the 'first home owner grant", and seeing the interested rate keeps rising, I would like to ask like-minded if it's a good time to buy property now? thanks
Recent headlines for Real Estate in Australia
- Bloodbath to hit Aussie real estate - analyst 2012-01-20 07:37:00, from the Herald Sun
- Real estate buck stops here 2012-01-18 02:49:00, from the The Observer
- In today’s Post: Real Estate’s Garden State of mind 2012-01-20 15:46:00, from the The Washington Post
- Rocky red hot for real estate boom 2012-01-17 16:00:00, from the The Morning Bulletin
- Recovery signs in Australia's home lending market 2012-01-19 00:00:00, from the International Property News
- Hammer falls on real estate auctions 2012-01-19 22:19:00, from the The Age
- Investors rush to Moranbah 2012-01-20 16:35:00, from the Daily Mercury
- Brookfield Office Properties Hires Michael McNamara as Head of U.S. Acquisitions and Dispositions 2012-01-19 22:17:00, from the MarketWire
- Melbourne house prices bounce back up 2012-01-20 13:36:00, from the Herald Sun
- Tango Management Consulting Solidifies Leadership in Retail Real Estate Analysis 2012-01-13 14:10:00, from the PR Newswire
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Comments
As for me personally It's time to think if you need to buy property just now!
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Well, its good to but your own property because wasting so much money on paying rent is a foolish act, Property rates are down so people are earning by renting there properties..
I guess its always better to buy than rent if you can. even without grants or with bigger rates, you can find good deal. just set your budget (leave a bit of space for more interest rate rises), find area you like and type of property and you may just find a perfect one.
Question is do you looking to buy for yourself or as investment?
Good Luck Adam
its always good time to buy if u have money. rent is just waste
rent to own is somewhat practical...
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