There’s a lot of different opinions. Some people say the best time to buy is whenever you can. I’ve got a big enough deposit that my mortgage would be equal to what I pay in rent now so it’s not as if it’s some risky investment that I can’t afford. Even if prices may drop in the future, interest could rise. Isn’t there some thing about how The interest rates I can lock in now could potentially save me more long term as opposed to buying later for cheaper but with higher interest? I’m no property expert, I’m just a 25 year old gen Y first home buyer who wants a big 4br house, with enough yard space to have a big dog and without worrying about landlords and their no pet rules. I can’t afford the south/east, don’t like the west, north is alright and It appears to me that Mickleham has pretty good potential assuming the development goes to plan. The developers (MAB) seem like a decent company.
