Post to SinFongChanRE.wix on 18/12/2017 at 11:02 PM
Commenting on Housing investment rates to fall, raising prospect of longterm down-turn”
http://www.theage.com.au/federal-politics/political-news/midyear-budget-update-housing-investment-rates-to-fall-raising-prospect-of-longterm-downturn-20171217-h06al0.html
Now, it is not the real estate agents that confirm what I said about the downturn. This news release is from the government, and should not be taken lightly.
The small wage growth forecast seems to be optimistic. I believe it will grow by 3%. Higher wages is good news for first-home buyers only if they save up the extra for a greater deposit to “impress” the bank / lender.
Readers must take precautions when investing in real estate. Do make sure it is not impulse buy. If you are not a handy person, a run down house can be a lot of out-of-pocket expenses in the short and long run.
During this break, besides driving around to familiarise yourself with properties in different suburbs, it is not a bad idea to learn some new handyperson skills via YouTube or attend “course” at Bunnings.
Thank you for reading.
Commenting on Housing investment rates to fall, raising prospect of longterm down-turn”
http://www.theage.com.au/federal-politics/political-news/midyear-budget-update-housing-investment-rates-to-fall-raising-prospect-of-longterm-downturn-20171217-h06al0.html
Now, it is not the real estate agents that confirm what I said about the downturn. This news release is from the government, and should not be taken lightly.
The small wage growth forecast seems to be optimistic. I believe it will grow by 3%. Higher wages is good news for first-home buyers only if they save up the extra for a greater deposit to “impress” the bank / lender.
Readers must take precautions when investing in real estate. Do make sure it is not impulse buy. If you are not a handy person, a run down house can be a lot of out-of-pocket expenses in the short and long run.
During this break, besides driving around to familiarise yourself with properties in different suburbs, it is not a bad idea to learn some new handyperson skills via YouTube or attend “course” at Bunnings.
Thank you for reading.
