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Keeping Up Your Lifestyle Vs Buying A Property
According to new research conducted by Core Data, two fifths of Australians are feeling pressured to keep up appearances and this is coming as a sacrifice to forgo property ownership .
Saving Up A Deposit
No doubt, saving up a deposit is one of the hardest parts towards getting into the property market. Many Australians struggle to save at the same time as paying rent, going on holidays, and raising a family.
Of course a lot also depends on what the property market is doing at the present moment. The market tends to be cyclical and will go up for a number of years and then go down for a number of years, and then back up again. However ultimately the rise in prices in the long term appears to be much greater than the slow downs.
It may be easier to get into the property market when the prices are lower, from a deposit point of view, but often this will also mean that lending criteria has tightened.
Be Savvy – apply right the first time!
If you’ve been able to save up some sort of deposit, it may be worthwhile having a look at your current borrowing capacity based on these savings.
At Bee Finance Savvy, we have an extensive lender panel, that allows us to provide our clients with flexibility. We
can match our clients with lenders who are more accomodating. By staying up to date on lender criteria, we know which lenders will accept your deposit size as well as your other income and expenditure!
If you’d like to find out more, why not take advantage of our obligation free consult service. All you have to do is get in touch with our Sutherland Shire based broker Desiree. You can call or text Desiree on 0455 131 937 or 1300 140 554. Desiree can also be reached at enquiries@beefinancesavvy.com.au . You can also fill out the contact us form on this site.
If you’d like to hear from just some of our satisfied customers, take a look at our reviews on WOMO https://www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda
