In Australia, most individuals is usually renting because it is cheaper than buying in terms of monthly cash flow. It is good to say that we need to wait will when the house prices become cheap. Nowadays, house prices slightly increasing and housing market is swinging. Are those activities signs in buying a house?
According to the Economist Nicholas Gruen, CEO of Lateral Economics and chair of Peach Home Loans, “Now is a good time to decrease your exposure to shared, and look at increasing your property portfolio in the next few month.” Australian market is stronger now compared with previous quarters. Economists believe that this is a good time to get into the property market. House rent is affordable and I think market performs well that encourages investor and developer to renew and invest.