All my mates who work in real estate tell me there is no rush to buy anything just yet.
Be patient unless you need a house to live in and see it a better financial option to own than rent if you have the capital to get a smaller mortgage.
According to my mates who are ruthless real estate sharks (but honest with me I hope) they believe prices are more likely to fall than rise over the next couple of years across most areas around Sydney suburbs and QLD cities.
In Sydney they say..... the top end of the market is most vunerable but I also wouldn't be buying any one/two bedroom units in a hurry. Strata fee's, council rates and water will reap you of any return plenty are already feeling the pain for these so called "great 1st investments".
Good luck.
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