News Corp Real Estate News Editor Tim McIntyre says it is a “great time” to buy a property since people can take advantage of low insert rates when paying off their debt. “As more listings come on people will start realising it’s not all or nothing on this property, I don’t need to break the bank,” he told Sky News Australia. “And on top of that some of the restrictions from APRA that came in around serviceability made it just a little bit harder to overstretch yourself when you’re borrowing. “That will just take a little bit of heat out of the market but fundamentally it’s still a great time to buy property if you’ve got a deposit because with rates where they are it’s still a very good time to be paying off debt.”
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