Comments on: First Home Buyers: Don’t Rush In http://money-guide.com.au/2009/02/first-home-buyers-dont-rush-in/ Money tips to make your decisions clearer and easier Fri, 18 May 2012 01:31:35 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Nathan Morgan http://money-guide.com.au/2009/02/first-home-buyers-dont-rush-in/comment-page-1/#comment-314 Nathan Morgan Sun, 08 Feb 2009 11:55:04 +0000 http://financialfuturist.com.au/2009/02/first-home-buyers-don%e2%80%99t-rush-in/#comment-314 Sound advice, Matt, and good to see someone go against the hype to mention it. Calculating whether you can afford to buy your first home takes a little more than considering whether you can afford loan repayments on today's interest rates. There are great opportunities now but only if you can afford it in the future. Sound advice, Matt, and good to see someone go against the hype to mention it. Calculating whether you can afford to buy your first home takes a little more than considering whether you can afford loan repayments on today’s interest rates. There are great opportunities now but only if you can afford it in the future.

]]> By: John Tuyau http://money-guide.com.au/2009/02/first-home-buyers-dont-rush-in/comment-page-1/#comment-312 John Tuyau Thu, 05 Feb 2009 03:31:33 +0000 http://financialfuturist.com.au/2009/02/first-home-buyers-don%e2%80%99t-rush-in/#comment-312 This advised is very useful. I applied it myself when I bought my first home. Inferest was then 7.25 % then i realised that they will go up eventually. I calluted my rated until the maximum then 13.5% . Mind you you I was not wrong paid up such amount of 13.5 for a very long time.Please don`t fool yourself Interest rates may be low and affordable now. Think carefully about this advise which is free . When the Interest rates go up will I be able to afford it.That`s why last year when the interest Rates went up so many people were losing their homes.losing their homes. They could not afford the repayments. This advised is very useful. I applied it myself when I bought my first home. Inferest was then 7.25 % then i realised that they will go up eventually. I calluted my rated until the maximum then 13.5% . Mind you you I was not wrong paid up such amount of 13.5 for a very long time.Please don`t fool yourself Interest rates may be low and affordable now. Think carefully about this advise which is free . When the Interest rates go up will I be able to afford it.That`s why last year when the interest Rates went up so many people were losing their homes.losing their homes. They could not afford the repayments.

]]> By: Matt Hern http://money-guide.com.au/2009/02/first-home-buyers-dont-rush-in/comment-page-1/#comment-311 Matt Hern Thu, 05 Feb 2009 03:30:38 +0000 http://financialfuturist.com.au/2009/02/first-home-buyers-don%e2%80%99t-rush-in/#comment-311 I agree Judy. Waiting for prices to drop is not necessarily a great course of action, and I don't advocate it. As we both said "buy something you CAN afford". Lower interest rates won't make property more affordable. But behavioural change will. I agree Judy. Waiting for prices to drop is not necessarily a great course of action, and I don’t advocate it.

As we both said “buy something you CAN afford”.

Lower interest rates won’t make property more affordable. But behavioural change will.

]]> By: Judy http://money-guide.com.au/2009/02/first-home-buyers-dont-rush-in/comment-page-1/#comment-310 Judy Thu, 05 Feb 2009 02:48:42 +0000 http://financialfuturist.com.au/2009/02/first-home-buyers-don%e2%80%99t-rush-in/#comment-310 I am in property myself and it has never been more affordable for first home buyers to make a start during the last several years. Sitting on the fence waiting for prices to drop further and maybe missing out on government grant is not good advice to young ones and a lot of the older generation are doing just this. The problem is not the purchase, the problem is the type of house (4 brm 2 bath) they want to START with. 2 car loans, all new furniture etc and all on payment plans. Get your foot in the door with a modest property, go without a little bit and you could be in your own home too. Stop all purchases and the whole ecomomy will suffer more, building trade, real estates and lots more. I am in property myself and it has never been more affordable for first home buyers to make a start during the last several years. Sitting on the fence waiting for prices to drop further and maybe missing out on government grant is not good advice to young ones and a lot of the older generation are doing just this. The problem is not the purchase, the problem is the type of house (4 brm 2 bath) they want to START with. 2 car loans, all new furniture etc and all on payment plans. Get your foot in the door with a modest property, go without a little bit and you could be in your own home too. Stop all purchases and the whole ecomomy will suffer more, building trade, real estates and lots more.

]]> By: Rex http://money-guide.com.au/2009/02/first-home-buyers-dont-rush-in/comment-page-1/#comment-309 Rex Wed, 04 Feb 2009 23:28:57 +0000 http://financialfuturist.com.au/2009/02/first-home-buyers-don%e2%80%99t-rush-in/#comment-309 Very timely advice. I was planning to rush in - this reminder is helpful in giving me a reality check. Would like some more posts like this for prospective first home buyers. Very timely advice. I was planning to rush in – this reminder is helpful in giving me a reality check.
Would like some more posts like this for prospective first home buyers.

]]>