If that report came to fruition the best time to buy would not be now as you would be paying more interest than the value your property has risen.
If your property is worth $500,000 now and rises by 4% next year it will be worth $520,000, 5% - $525,000. At 9% interest you would have paid $45,000 or at least you could have got $40,000 by keeping the money in the bank.
The time to buy will be when interest rates start coming down.
- Forums
- Property
- house prices to rise next financial year
house prices to rise next financial year, page-8
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online