The theme here is don’t get too focused on the absolute interest rate. Simply being able to buy, and buying well, are where you will make money in the property market at the moment. Bank credit criteria has made it much tougher to borrow. That said, if you have good income the money is there
Don’t be put off by the pessimists. Our view is that (if you can borrow) there are great deals to be had in the current market, but you have to be actively looking to find them, and it is hard work!
It is a Buyer’s Market. What does that mean when it comes to negotiating the purchase price? How do you make sure you get a great deal? We have written a PDF on this topic which you can download here: Negotiating the Price Price is property and vendor dependent. On one hand less desirable properties
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