Excitement causing buyers to blow budget

The Aus Property Forum has tweeted out that there's a 'fear of missing out epidemic' sweeping the property market.

TWEETOFDAYNEW_sept_12

Certainly, sentiment around property is back up and we're seeing investors and home buyers keen to buy again. However, their other comment, around Sydney buyers blowing their budget, just calls to attention how important it is as an investor to keep an eye on the numbers.

Even in a suburb you think will boom, look at the deal analytically, set your price and be ready to walk away. Even a hotspot suburb can't necessarily help you if you pay too much.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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