Buy now Or wait – Questions & Answers -Part Two

Buy now or wait?


With the mining boom over, property is the biggest game in town and vested interests are rife,

… the Federal Govt (want to dodge the ‘housing affordability’ political hot potato)

… the funders (want new buyers who need funding and existing buyers with funding to pay on time)

… owners (want to protect the value of their houses)

… first home buyers (want houses that they can afford)

… building industry (want to keep building houses)

… media interests (want to keep the story going)

“See a pattern?”

Apart from possibly some media interests, very few of us would really want the housing market to collapse – collectively we have too much to lose as a nation.

But some of us may have a vested interest in talking down the market.

I mean, if housing prices have peaked then housing affordability shouldn’t get worse, right? So, no need then to talk about structural reforms like the Capital Gains Tax reform… after all, as we’ve now learnt from our nation’s leaders Australian housing prices – uniquely to market theory – are only driven by a lack of supply. Demand from investors has nothing to do with, or if it does, its foreign investors (who also don’t vote) who are the cause of any demand side issues.

So, back to our original question: should I buy later, and when is that later?

“My conclusion?”

I don’t know anyone who has a 100% track record of predicting the housing market and who I trust not to have a vested interest, so I will buy based on my affordability rather than on second guessing the market that not even the most respected experts are certain of.



An Introduction to Islamic Finance

A seminal book on Islamic finance by the world-renowned Mufti Taqi Usmani, this is a must-read for anyone interested in the key concepts, rules, and ideas behind modern Islamic finance.


InFinance | Is Islamic finance in Australia scalable?

Mr Kingsley David, Executive Director of MCCA, had the honour of authoring the first series of articles on Islamic finance for FINSIA on its flagship InFinance platform. In this article, Mr David shared his expertise on the challenges in commercialising Shariah-certified products, delving deep into the question: can these products be funded in Australia?

Upward Trends in Brisbane and Adelaide’s Property Markets 

At a time when a pandemic, rising inflation and interest rates and a global economic crisis are fluctuating supply and demand in the property market, predicting the outlook for Australian property markets is no easy task. We take a look at the trends in two markets that are given less attention than the “big 2” (Sydney and Melbourne): Brisbane and Adelaide.

Finance Application

We congratulate you for making the right choice and selecting the halal home loan alternative. Firstly, complete the home mortgage form below. Once you have completed and submitted this form, a dedicated MCCA sales executive will contact you within 1 business day to walk you through the next stage of your application.