In this episode of The Property Couch, Bryce and Ben discuss whether it's wise to buy property during a boom, particularly in markets like Sydney and Melbourne. They introduce the concept of a "property balloon" rather than a "bubble," suggesting a slower deflation of prices. They caution amateur investors against abandoning fundamental selection criteria due to FOMO and emphasize the importance of income and long-term investment strategies. They also touch on APRA's recent changes to lending policies and advise potential buyers to reassess their borrowing capacity. The hosts share their current investment approach, focusing on properties below the median value to mitigate compression risk, and offer resources on their website for further information.
