๐๐ผ๐ ๐๐ผ ๐ด๐ฒ๐ ๐ผ๐ป ๐๐ต๐ฒ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐๐ฎ๐ฑ๐ฑ๐ฒ๐ฟ ๐ฆ๐ผ๐ผ๐ป๐ฒ๐ฟ
Housing affordability ranges from high in the Northern Territory to low in Victoria, but there are steps people can take to enter the market ahead of schedule.
As the PropTrack map shows, affordability differs significantly from state to state. PropTrack calculated affordability levels by looking at what share of buyers โฆ earning the median household income โฆ and spending up to 25% of their pre-tax income on mortgage repayments ... could afford 20% of homes in a location.
PropTrack found 100% of locations in the Northern Territory contain a significant proportion (i.e. at least 20%) of affordable housing, compared to 8% in Victoria.
If you're struggling to save a deposit, you might be able to get on the property ladder sooner by:
* Accessing government housing assistance
* Using the Bank of Mum & Dad
* Buying with a partner, relative or friend
* Rentvesting into a cheaper market
* Putting down a deposit of less than 20% and paying lenderโs mortgage insurance
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge.
Weโll take the time to get to know you and your unique situation and speak in a
language you can understand, with strategies you can implement for the best possible outcomes.
Nick and Wayne at Sonam Capital are your Subiaco finance specialists.
