Many young Australians choose to spend more years in education which delays the time before they can get their first job and buy their first home. Education debt is something we don’t think about until there is an unexpected hole in our pay. To our surprise, the government keeps up to 10% of every dollar of our income.
Expenses seem to pile on, electricity, tolls, health insurance, rent and of course, tax. What seems like a straightforward task, save $100,000 for a deposit, seems like trying to run in quicksand. The longer it takes, the more costs keep going up, the longer it takes.
Keeping your deposit an achievable goal will help get you out of the quicksand.
Our Leg Up can help you get a great loan from major banks with a deposit as low as 5%.
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