Posted to The Age (28/7/2011) on 28/7/2011 at 11:10 AM
Commenting on "Melbourne homes cheaper but still out of reach: reports"
http://www.theage.com.au/business/melbourne-homes-cheaper-but-still-out-of-reach-reports-20110728-1i11b.html
It is not a matter how cheap or expensive a property is; it is a matter of what your budget is. Many people keep looking at property not within their earning or repayment capacity. If you do not have a budget, make one or get someone to help you to prepare one. Stick within the budget!
You dream of buying a house, even in poor condition, renovate it and make it liveable or increase in value. Instead of dreaming, The wasted time should be spent on up-skilling home renovation and applying such skill to earn extra income to boost the deposit towards the "dream home". Stop wasting time looking at property when you are not ready financially.
You people want to live close to public transport or school even though you don't use the system or have children going to school. You want alfresco dining or barbeque backyard, but you should be mowing someone's lawn now to earn that extra dollar. You want 3 bedrooms, but you can survive having just 1.
Why move out from the present place whether it is a rental property or you are staying with parents or friends? Just tough it out and in the meantime save the additional dollars. It's character building time - learn to share accommodation to reduce expense.
Don't take RBA and ABS statistic at gospel truth. They are many underlying reasons not explained. The time is not right yet to buy for most people. Go earn more money for the deposit!
For more advice, read my blogs: SinFongChanRealEstate.blogspot.com
Commenting on "Melbourne homes cheaper but still out of reach: reports"
http://www.theage.com.au/business/melbourne-homes-cheaper-but-still-out-of-reach-reports-20110728-1i11b.html
It is not a matter how cheap or expensive a property is; it is a matter of what your budget is. Many people keep looking at property not within their earning or repayment capacity. If you do not have a budget, make one or get someone to help you to prepare one. Stick within the budget!
You dream of buying a house, even in poor condition, renovate it and make it liveable or increase in value. Instead of dreaming, The wasted time should be spent on up-skilling home renovation and applying such skill to earn extra income to boost the deposit towards the "dream home". Stop wasting time looking at property when you are not ready financially.
You people want to live close to public transport or school even though you don't use the system or have children going to school. You want alfresco dining or barbeque backyard, but you should be mowing someone's lawn now to earn that extra dollar. You want 3 bedrooms, but you can survive having just 1.
Why move out from the present place whether it is a rental property or you are staying with parents or friends? Just tough it out and in the meantime save the additional dollars. It's character building time - learn to share accommodation to reduce expense.
Don't take RBA and ABS statistic at gospel truth. They are many underlying reasons not explained. The time is not right yet to buy for most people. Go earn more money for the deposit!
For more advice, read my blogs: SinFongChanRealEstate.blogspot.com
