Contact Us
12-06-2015, 10:38am
If you were smart and got your first house 15-20 years ago (as most 45-55 year olds would have) then you will have greatly benefited from the pricing bubble which would have given you a massive amount of capital to use to invest in more properties... yes that 55K house is now worth 600K so after paying of some of the mortgage the bank says they will let you borrow $430K (80% of house value minus whats owing) PLUS up to 80% of house you want to buy... Those with brains and that type of untapped capital have made themselves a fortune...
but what if your 20 now??? you need to come up with a min of $60K (10% deposit) plus legals plus mortgage insurance while trying to live. And even if your a couple on average wages ($116K/yr combined based on ABS 2013 average wage figures less 1/4-1/3 tax) means theres not a lot left to save with.
but what if your 20 now??? you need to come up with a min of $60K (10% deposit) plus legals plus mortgage insurance while trying to live. And even if your a couple on average wages ($116K/yr combined based on ABS 2013 average wage figures less 1/4-1/3 tax) means theres not a lot left to save with.
BATFINK (aka Tony)
GOD gave us a mind to use.........
Suzuki gives us a reason to loose it!!!!
GOD gave us a mind to use.........
Suzuki gives us a reason to loose it!!!!