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The first indication that the bubble might be bursting. is when a real estate agent did not get one looker at an Open House yesterday afternoon. Yes it is uncertain times when the share market is down, real estate has gone "through the roof". It is hard to discount the fact that the market cannot keep buoyant when interest rates are predicted to rise and the share market is going through a correction, something will "give" soon.
The bottom line is, keep saving to increase your deposit, which in turn will lower your borrowings. The lower the borrowings, the easier it is to survive in the long term, in spite of the interest rates.
Best of luck for 2022.
** Christmas Special - Click here to get $10 off for 2 copies **Rita Paulos started life living in a tent as her father moved around from job to job ring barking, well sinking, fixing fences...
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