If ever a month seems to fly by, it is December. Incredibly, there are just 22 more days left in 2016...
It's therefore quite possible that you have been considering, or maybe have already decided on, your resolutions for the very soon to be with us New Year.
Are you're still renting? If so, we sincerely hope that you are planning to make 2017 the year when you finally make the big leap into home ownership.
From next Friday, we'll be carrying out our annual review blogs and one of those will most definitely look at the number of first time buyers this year.
It really has been good to see many more people breaking the rental cycle. Will you be one of the next to follow?
While the press is full of stories about the recent rises we've seen in mortgage interest rates, let's not lose sight of the fact that, by any historical standards, the cost of home borrowing is still very low (if you need more proof click here to read our recent blog on the subject).
And, no matter what interest rates might be, the one thing you can be certain of, with a fixed rate loan, is that your monthly payments aren't going to change for the life of the mortgage.
Irrespective of whether you borrow for 15 or 30 years, can you imagine what rents will cost by the time the mortgage has been paid off... We'd rather not think about it either.
2016 has been another year of steep rent rises at numerous locations all over the nation and it is very likely for this unwelcome trend to continue and possibly accelerate in the next year or two.
Sadly, not everyone can afford a home of their own and there is huge demand for rental property virtually everywhere. Fantastic news if you're developing a rental property portfolio, but not so good if you're constantly looking at a higher percentage of your earnings being allocated to rent.
Never lose sight of the fact that your monthly rent is effectively helping your landlord to develop a larger equity base. As we reported a couple of months ago, home equity more than doubled between June 2011 and June of this year. Remain a renter and you'll never benefit from good news like this.
Our key message is that you owe it to yourself to look at your situation, do some serious soul searching and ask yourself why you are still renting, if you can possibly afford to own.
Why not contact us today for an informal discussion of your own situation and the possibilities for real and exciting change by owning your own place in 2017.