Home seekers who have taken a wait-and-see attitude may be more encouraged to dip their toes in the property market this year.
The sector is experiencing an upturn in sentiment, thanks to private home prices declining at a slower pace and increased sales.
Buying property is a big financial and long-term commitment for most of us.
So, we should do our homework when it comes to financing.
When deciding to buy a property, consider your ability to pay the mortgage when interest rates and your circumstances change.
It is prudent to ensure that you have sufficient funds set aside to cover your expenses, including home loan repayments.
So, it is important to be brutally honest and not take on more debt than you can afford when buying a property or other big-ticket items.
So, it is important to be brutally honest and not take on more debt than you can afford when buying a property or other big-ticket items.