Sydney/Melbourne housing markets seem to have gone OTT!
How soft the landing will be is anyone’s guess?
Over my side of the country ( WA ), having already deflated from our lofty heights of the mining boom may not get too much fallout.
The only thing that any of us can do, personally, is to not overcommit ourselves with debt.
That’s why checking out the state trustees, as was suggested for bargains is a prudent option.
You are a 100% guaranteed that you’re looking at a distressed seller.
How and when the tears come depends upon the individuals, some have already been there, others are in it now and some maybe blissfully unaware that it’s knocking on the door.
A question for you, what percentage of debt to ones assets would you suggest is a fiscally conservative/responsible amount to have?
