With interest rates and property prices constantly making headlines, many first-home buyers are wondering whether they should buy now or wait. SBS Urdu speaks with an housing expert and a first-home buyer about market conditions, financing options, and the key factors every buyer should consider before taking the plunge.
In this episode, SBS Urdu speaks with mortgage and property expert Ali Mahboob and first-home buyer Zayd Bharoocha about whether now is the right time to enter the market and what buyers should consider before making the leap.
Australia's housing market has experienced significant volatility over the past few years. Following the COVID-19 pandemic, property prices rose sharply before the Reserve Bank increased interest rates to curb inflation, making home loans more expensive. Despite higher borrowing costs, strong population growth, limited housing supply and rising rents have continued to support demand, leaving many first-home buyers uncertain about whether to buy now or wait.
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