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Hi Jason!
Many people in this thread have highlighted the important question you need to ask;
Where do you want to be? Do you want a home now or would you prefer to wait a while until the right property becomes available?
You could continue renting and invest in a property to rent out or renovate if possible?
I agree with Jamie; gaining some financial advice so you know what your options are is a good idea.
There are Government initiatives available for each state that might be worth noting:
http://bit.ly/JaCuZc
Both options allow you to build equity as the value of your property appreciates; it’s definitely worth doing your research so you have a full understanding what your best options are financially.simple wrote:Interesting stats, as long as you know how data is calculated.
Say, if we have more high end properties sales recently, it will indicate that house prices grow for this period:)Very different story on the streets, people loosing jobs, even QUT in Brisbane just shed a lot of people who are long therm (over 10 years there). We dismissed over 15% from our manufacturing facility in last 12 months.
Who is buying in 2012 ?
For investors yield is too low, bank give higher return in interest rates.There are Government initiatives and financial help in place which are worth noting:
http://bit.ly/JaCuZc
Having read other posts on this thread; home buyers will hopefully start feeling more confident about entering the market if the opportunity is there.
