Is it a good time to buy an investment property now, or best to wait till 2025?
The article here by Michael Yardney provides some helpful insights to think through - https://propertyupdate.com.au/should-you-buy-property-now/.
Most analysts are predicting interest rates are at their peak and we are likely to see cuts starting around Christmas this year, or early 2025.
Wage growth has generally not been keeping pace and living costs continue to increase, which is eroding borrowing capacity for many.
Make sure you take time to set out your investment strategy, find a good mortgage broker to establish solid borrowing capacity, and use intelligence data-driven tools like PropertyDirector to research and shortlist high value suburbs and locations.
