Property’s hot: will you get burned?

In case you hadn’t noticed, property is hot right now, burning hot in fact. But if you’ve just missed out on the home of your dreams, think yourself lucky. You may have just dodged not one but three bullets, all aimed at your bank balance. The ABS reckons capital city house prices were up 3.2% in the first half of last year and 6.1% in the second. With auction clearance rates at all-time highs on heavy volumes and housing finance commitments skyrocketing, that momentum looks set to continue. The fear of missing out on a $600,000 inner city shoebox has...

In case you hadn’t noticed, property is hot right now, burning hot in fact. But if you’ve just missed out on the home of your dreams, think yourself lucky. You may have just dodged not one but three bullets, all aimed at your bank balance.

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