First Home Buyer - are you a potential rent-vestor?
It might sound crazy but the first home you buy – may not be your own.
If you’re a first home buyer in Sydney you’re not wrong if you think prices are going crazy right now – they are. And this makes it incredibly hard to keep saving a 5% or 10% deposit when the goal posts keep moving on you.
And it’s not a lot better in the other states.
The flip side of this, of course, is affordability… if the prices are rising so are your repayments…and this may put it out of reach. So how can you get started without bankrupting yourself?? Have you ever heard me talk about “rent where you want to live, and buy where you can afford?”
(gosh really? I thought I was always banging on about this…)