Leaving aside the question of how to buy into a booming market, many people question whether it is a wise decision to buy into a property boom at all. As always, there is no one-size-fits-all answer, as whether you should or should not buy will depend almost entirely on your circumstances.
Let's take a look at four common types of property buyers and the considerations unique to each of them in deciding whether to buy during a property boom:
You've been looking for months, attended auction after auction and finally secured a winning.
Between the celebrations you try to wrap your head around everything you need to organise.
Insurance, removalists, conveyancing – the list seems endless.Before you've had a chance to catch your breath it's settlement day.
If given the chance to renovate one in four Aussies would start with the kitchen, research shows.
A realestate.com.au survey found 26% of Aussies would prioritise kitchen renovations over any other kind of renovation.
So if we're so keen to re-do our kitchens, do homes with killer kitchens sell for more?
So you've decided to start investing in property and vowed to get into the game this year.
Seeing how prices in Sydney and Melbourne have surged during the past two years, you're worried that the markets are running away too fast.
You're scared that if you don't get in now, you won't get in at all. You're tempted to get in now at all costs.