Hi Kincella,
I havent changed my attitude. I still expect a persistent fall in Australian house prices for a long time. (I wont bother rehashing the argument here in this post, both sides of the debate on HC are pretty much wedded to their respective points-of-view!)
So, why buy now you ask?
1) Thirteen years travelling the world & renting for all that time, Ive now had enough of the inconvenience & uncertainty, especially with a young family now. I could go on & on about the 'inconvenience' bit, but wont bore you with it.
2) Most importantly, I did the maths. Valuations have fallen ~15% already in the area for this type of house. It could easily see another 25-30% fall in my opinion, but it would have to fall another massive 40%(!) over the term I expect to hold it to make it a worse proposition than my present renting situation. Its a no-brainer.
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