1 minute read

Cautious buyers borrow smarter

Cautious buyers borrow smarter

by webmaster | June 21, 2011 | 1 minute read

Increased caution is not necessarily a bad thing for home buyers, one industry pundit has claimed.

by webmaster
June 21, 2011

Blue Wealth Property chief executive Tony Hayek said buyers who are cautious are more likely to assess their financial situation and not take on increased levels of debt.

“Caution is a good thing; it makes people stop and assess their circumstances. This in turn makes them save more for deleverage and puts them in an overall better situation,” he said.

While excessive caution can result in a flat market, Mr Hayek said the majority of borrowers who find themselves in excessive debt situations tend to do so when the market is running hot.

“The majority of people make the most mistakes when the market is running buoyantly and there is an over confidence, this is often the worse time to borrow.”


“So while there is certainly a softening in the market place, there are some great buying opportunities for investors. As far as I’m concerned investors should be looking around the market to buy now.”

Cautious buyers borrow smarter
spi logo
share the article

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.