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Better to hold off another 6 months before u pull the trigger...

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Beave

5,974 Posts.

326

06/09/20

02:48

Post #: 47118512
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Originally posted by Steve98 ↑

I live in Brisbane, Im thinking of possibly getting my first rental property...

But i am abit of a bear, highest unemployment numbers ever, alot of people are surviving on the JobKeeper/Seeker and in some cases many have left work to be on the benefits as it simply is more beneficial to take it than actually work.

Is there anything i should consider if im looking into investing in property?
-Also would it be smarter to buy in Melbourne considering the lock-downs there have been harsh, therefore more loss of jobs etc resulting in increased desperate sales?

I truly feel for those hurting, I dont wish bad on anybody but the current situation is just that... So i thought i'd ask, would love some commentary!

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Better to hold off another 6 months before u pull the trigger would be my advice, then at that point u might defer again

There is no hurry given the looming crash
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