So before the current Covid-19 situation we are in I was on track to buying my first home. I had saved up a hefty deposit and was on my way to organize finance. Then I lost my job. The whole industry I work in has been demolished. This is most likely temporary, but does temporary mean 2 months? 6 months? 1 year? nobody knows. So is it still worthwhile pursuing buying? Will a bank approve a loan now that I have no current employment? (though I do have enough saved for a deposit and an offset account that could guarantee the loan and living costs for 3 years). And will they honour the 6 month mortgage freeze for new buyers? Also is the current market still worth buying into, or with the rumors of a recession looming is it worth waiting a while and see if prices drop (reports of 5-20%)?