So Perth are down 30%.... must be nearly buying time!
When exactly do you think is the right time to buy? When they are 30% up?
For me, I am excited about locking in some very low interest rates, and buying in a cooler environment.
Does it reallllly matter if you missed another 5 or 10% drop, if waiting for such also meant you missed locking in a good 5 year fixed rate?
It is all about the interest rate vs rental yield for me. Value of the property can do what it likes short term, I am in it for the LONG haul.
These aint spec stocks, to be traded every 5 minutes...
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