Sometimes you ask yourself all these questions.
What is your investment strategy? Buy and hope price rise? Just follow the crowd? Sure profit and flip?
My thoughts are:
1. Buy the property as if this is your home and you are going to stay in it.
2. Buy as long as you can afford it with minimal pressure on your existing commitment.
3. Don't think you will make money instantly. Treat it as a unit trust account. It is long term investment. It is not a flipping tool.
4. Never never buy simply cos your neighbour bought. Even if it is a sure make money project, walk away if you can't get a choice unit.
5. Property investment is every man for himself. Everyone will tell you his is the best. Do your own analysis.
6. Last but not least, you must enjoy your investment. If it grief you so much eg stretching too thin or an implused buy, it is better not to buy.
My 2 cents worth...but everyone differs.