BUYING property in Australia used to be a simple game. Buy as soon as you can, and spend as much as you can afford, and the market will take care of the rest. This was the simple recipe for success.
But now, prices are falling at the national level. Sydney is down and Melbourne prices have dropped even more. The risk of buying right now is suddenly much higher. We need a new set of rules. What follows is a group of ideas to help you navigate this extremely unusual point in Australia’s housing market history.