I’m looking into buying my first home in Canberra and have been reading all about the predicted property price declines as a result of the 2014 budget. If house prices in Canberra crash, it will be a great time to buy. A work colleague described it as a “once in a generational opportunity to buy cheaply in Canberra”. But when (exactly) is the best time to buy in Canberra? Is it now? Or in the next few months when the cuts really start to hit home? I’m keen to pick up a bargain!