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看看interest的网友评论
So the rental market is completely saturated with properties and the rents are now starting to fall.
So lets evaluate - if you are investor and buy a property at current prices in one of the main centres you are:
- Struggling to rent out your home
- Once you rent it out, topping up up the rent to pay the mortgage, often substantially so
- While the value of your property is likely dropping, particularly so when you consider inflation and opportunity cost.
- While rates, insurance and other maintanence costs are at historical highs and still increasing considerably every year
Yikes.
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not a good time to buy an investment. good time for a FHB.
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Why would a logical FHB think its a good time to buy? Taking into account what I listed above and adding the state of the economy, low net migration and an interest rate cycle that is almost at its bottom, do you think house prices are to suddenly increase for some particularly mysterious reason?
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many people struggled to get anywhere near close to buying a home over the last 10 years. now is a time where there are a good amount of affordable properties are on the market without investors to compete with them.
being bottom on the interest rate cycle means it is a good time, FHB aren't overly concerned in house prices increasing in the next 2-3 years. |
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