Post to Facebook on 7/12/2017 at 8:53 PM
Commenting on “Demand for land to weaken”
https://www.domain.com.au/news/demand-for-land-to-weaken-as-people-set-to-take-advantage-of-lower-apartment-prices-bis-oxford-economics-20171207-h00142/
I have been asking you to be patient, and not to rush in to buy in the recent heated property market.
Prices tend to to go up when people rush in to buy and create the unnecessary hype. A hot market favours the sellers, not the buyers.
I still believe further fall is inevitable, and will continue for another few months, likely to the end of April.
When you buy house-and-land package, be sure you read the fine print, so that you have the fund ready when construction commences.
If you are buying land only, you do not have the benefits of the grant and rental income return, but then there are other trade-offs, such as affordable outlay, less rates to pay, and if you have read my previous posts, you may be relieved not having to deal with tenants from hell.
For the First Home Buyer, you can buy first investment “home” and then move to the suburb of your choice a year later. When you do that, it does not mean you have to buy another house. You can use the rental to pay for the first “home” while you rent somewhere you like but may not have the money to buy it.
You need to be objective about your financial decision, and since I am not a qualified financial advisor, I cannot give you specific investment advice.
Thank you you for reading.
Commenting on “Demand for land to weaken”
https://www.domain.com.au/news/demand-for-land-to-weaken-as-people-set-to-take-advantage-of-lower-apartment-prices-bis-oxford-economics-20171207-h00142/
I have been asking you to be patient, and not to rush in to buy in the recent heated property market.
Prices tend to to go up when people rush in to buy and create the unnecessary hype. A hot market favours the sellers, not the buyers.
I still believe further fall is inevitable, and will continue for another few months, likely to the end of April.
When you buy house-and-land package, be sure you read the fine print, so that you have the fund ready when construction commences.
If you are buying land only, you do not have the benefits of the grant and rental income return, but then there are other trade-offs, such as affordable outlay, less rates to pay, and if you have read my previous posts, you may be relieved not having to deal with tenants from hell.
For the First Home Buyer, you can buy first investment “home” and then move to the suburb of your choice a year later. When you do that, it does not mean you have to buy another house. You can use the rental to pay for the first “home” while you rent somewhere you like but may not have the money to buy it.
You need to be objective about your financial decision, and since I am not a qualified financial advisor, I cannot give you specific investment advice.
Thank you you for reading.
