When people ask me when they should buy property, my answer is always the same…when you’re ready. This is something I have lived by for the past 22 years.

That being said, the sooner you can get into the market, the sooner you will take advantage of potential property growth. As we know saving for a property is always challenging, buying a property means you get off the trap of constantly saving for an ever moving target. As property prices grow on average of 7% per year, based on a medium house price of $1.1m, you will need to save an additional $7,700 every year you wait.

So, how do you get ready to buy property?