At the end of the day, I think it’s the direction that matters most (up vs. down) and not necessarily the amount. If you know the general trend has been down you can use that information to negotiate the asking price of your property at which point it doesn’t matter much whether it’s been down by 1 or 2%.
And I really hope that I don’t have to wait a few years… i’m getting really quite eager to buy and will keep my eyes on the 10% deposit! ![]()
Also, whether you pay interest or not, your credit rating will be hurt if you don’t pay the full balance and since I’m looking to take out a mortgage in the medium term I really don’t want to do anything that could hurt my rating… ![]()