However, I do not want to lose out on the favourable buying conditions. What should I do?
A: Lenders’ sentiment remains bullish, with up to 105% bonds on offer to qualified buyers. However they must beware of pushing the boundaries of affordability. Our economy is still under extreme pressure and job security is low.
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It may be smarter for buyers to use this time to buy low and pay off their debt faster than to push their limits for a higher-priced property and risk losing it all if their situation changes.
– Tony Clarke, managing director of the Rawson Property Group