Should I wait to save more or buy now at 90% LVR?

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drainedworldsamurai

New Member
Hey there,

I'm trying to decide between two places for my first investment, both at 90% LVR:

• A $450k place – I've got enough saved up to grab this one now.
• A $550k place – I'd need about 12–15 weeks to save up the extra cash for the deposit.

Do you think it's better to wait that extr a bit to go for the $550k property, or is the smarter move to jump into the market now with the $450k one and get the ball rolling on growth and equity sooner?

Really interested to hear what others have done when they were in this spot.
 
Consider the advantages and drawbacks of each property its location, overall state, how many bedrooms it offers, and so on.

Which one truly speaks to your heart? Picture yourself living there… the place you feel most drawn to will naturally become the easiest to fill with a wonderful tenant.
 
Start searching now. Could take three months to find something decent. By then, you’ll have saved more anyway. But if a gem pops up around $450k don’t hesitate. Just do your homework first.
 
Alright, this is a tough one to figure out. My honest take? If you wait 12 15 weeks, I think we’ll start seeing that 5% deposit competition pop up for the more affordable properties. If that doesn't.pan out, then going for a place at $550k instead of $450k might just get you a much better quality home.

Here's my personal rule: always follow what the actual data tells you, not your gut feeling or some theory you heard.

And like that other guy said, I reckon you should start looking now anyway. The truth is, it can take months just to find something decent.
 
The 450k price range is set to rise to $500k soon, given current market trends what do you think this shift means for buyers and sellers in the area?
 
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