Increasing property prices and poor affordability continue to push many buyers out of the property market – which is especially the case for first time buyers. In my opinion, it is harder to become a home owner today than what it was back when I bought my first home around 30 years ago. The declining…
Articles by Peter Boehm
Peter Boehm was the Finance Editor for Onthehouse.com.au. & has more than 30 years' experience in banking and financial services - Visit https://www.onthehouse.com.au/
At some stage in our lives we’ll reach a point when it’s time to consider whether we should downsize to a smaller home. This important decision point can arise for a number of financial or personal reasons. More often than not, it’s because we’re heading towards retirement or the kids have moved out and the…
Then, after a while, you could move into a bigger and better property with the help of equity growth in your entry-level home, any additional savings you managed to accumulate and through increased borrowing power and affordability as your family income improved. Those were the days! My wife and I used this strategy we…