|
I agree affordibilty is a factor in buying a house - if they go up in price then the mortgage will need to be bigger, so less affordable.
We don't really have a choice since without a deposit you can't really buy in Oz (I haven't seen a 100% mortgage), and the rates would be terrible even if you could! They're pretty high as it is!!
I'm hoping for a pirce slowdown like we're having in the UK, since the global credit issues will inevitably have an effect in Oz, albeit it may be a bit delayed. Since I have no real knowledge of the Brissy buying market its a fairly uneducated guess!!!
|