sydney house prices slump, page-72

Agree, locking anything away for 10 years is not always a smart thing to do and personally myself, I dont like looking that far ahead as anything can happen.

There will always be good investment bargains to be had in any market, agreed! BUT one would have to say that on the balance of probabilities, the best time to buy into property is not now or not anytime soon for that matter, but most likely in 12-36 months. Again, I know its virtually impossible to pick any bottoms but on the balance of probabilities you can make wise decision and my wise decision recently was to lock away a decent sum for 24 months at a near 10 year high and then re-assess things in 2 years time. On the balance of probabilities, I factored in that in late August it looked at though Rates were coming down over the next couple years so I locked my money away as 8% in this climate is about as good as it gets I think.

Again, there will always be decent opportunuties BUT on the balance of probabilities now is NOT the time to be getting into property imho with what is gonna happen over the next 12-24 months.