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Is it a good time to buy property?

i lived in Australia for over 4 years, always renting, the money spent on rent has been huge. was thinking if it's a better idea to buy for myself, be my own landlord. However, I kinda of slow, missed the 'first home owner grant", and seeing the interested rate keeps rising, I would like to ask like-minded if it's a good time to buy property now? thanks

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