Why I’d rather pay high interest rates!

Many are waiting for the property prices to continue dropping before putting in an offer.

Ultimately, the decision to pay a high price for a property with a low interest rate or a low price for a property with a high interest rate is a personal one that depends on your financial situation, investment goals, market conditions, and individual circumstances - but here's why I personally would not! If property prices are low, there may be more room for the property to appreciate in value over time. This can potentially offset the higher interest payments and result in a higher return on investment.

Additionally, when interest rates are high, lenders may be more cautious about lending money, which can help to prevent borrowers from taking on too much debt.

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However, high interest rates may make it more difficult to afford mortgage payments, and low property prices may not necessarily indicate a good investment opportunity in every case. I advise you to consult Jiji Couch from Vega Lend to see which situation would be favourable for you.