rba warns fhb's this is not time to buy, page-51

Correct Passive, the RBA statement against taking on too much debt, simple good advice at any time but I guess RBA puts it out now because it would be easier to borrow more at the moment.

This may well be the best time FHB to get into a property as mortgage repayment could be less than rent, with a decent deposit, interest rates low for a couple of years at least the would be in a good position in a few years time.