Are Property Prices Up Only? [Chills 70 with Douglas Chow]

*Disclaimer: This episode was recorded on 16 Dec 2021 and since then, the Total Debt Servicing Ratio (TDSR) has changed from 60% to 55%.*

Buying your first home can be a daunting experience, and on top of that, property prices seem to be on a high these days. Should I just buy a private property since HDB flats are already hitting $1 million? What are some common characteristics of properties with potential growth & higher rental yield?

Our guest Douglas from Empower Advisory (https://bit.ly/3M7Z8oL) believes that when it comes to buying a property, there are options for everyone regardless of your needs & wants. In Chills 70, we discuss common property topics such as the new launch vs resale debate, using properties as an investment and more. Douglas also shares the number one mistake that first-time home buyers make; one couple even lost their $10-20k deposit because of that! Learn to be a more savvy homebuyer in this episode!

Get our show notes at https://thefinancialcoconut.com/chills70

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