Scott O'Neill

Yeah, another good question, Craig.

I think it always depends on someone's individual circumstance.

But if you're buying a positively geared asset, that means when you buy it, you are going to be making money each month holding it.

These aren't negatively geared.

So unless you think you're going to get it at a substantially cheaper price in six months' time, that would be the only reason I'd say wait.

But if you've got the money available and ready to go...

your best off window shopping, seeing what deals you can get.

Because if you wait six months or 12 months, you're going to be on the fence with a lot of other investors.

And the reason people would wait, I can see their logic.

They want to wait to see how high the interest rates go, or they want to see when it starts coming back down again.

And none of us know when that exact date is.

And it might be six months, it might be 12 months time.

But the minute those rates stabilize, you're going to see half those fence sitters come back into the market.

The other half are probably going to come back into the market when the rates start dropping.

At that point, you're going to be paying more for the asset because you're competing against all these new buyers.

So the other side is sellers are going to be less reluctant or more reluctant, should I say, to sell the asset at that time as well.

So you kind of want to buy when you think it's not perfect because you're going to get a better deal.

Now, so I don't think you're going to get a massively discounted price by waiting.

Plus, you're going to lose the cash flow in the meantime.

I'll put my money where my mouth is.