QUOTE(shazam7 @ Aug 15 2016, 12:09 PM)
First home buyers have it really tough nowadays. In Sydney esp, u would need to sacrifice either location, commute time or size to secure a property within your budget.
As an example, a small 2br apartment is easily 800K in a 'better' area with 'good' schools and a decent professional demographic ie. Lower North Shore.
Ditto, in Melb. if u look at the eastern suburbs, prices are easily 800K.
U may want to seek an alternative arrangement eg equities to fund yr kid's education. With properties there are also no certainties, n realistically speaking returns are only 2-2.5% of yr investment. U hope for capital appreciation but that's a bit of the roll of the dice.
As for the kids fees, if u r PR, assuming the gov doesnt change the rules its 10K per year (plus CPI increases of course). So relatively affordable.
If u r willing 2 take up citizenship, all the better, all fees can be deferred til yr kid earns 60K or above.
bro, can PM me how the last sentence works?As an example, a small 2br apartment is easily 800K in a 'better' area with 'good' schools and a decent professional demographic ie. Lower North Shore.
Ditto, in Melb. if u look at the eastern suburbs, prices are easily 800K.
U may want to seek an alternative arrangement eg equities to fund yr kid's education. With properties there are also no certainties, n realistically speaking returns are only 2-2.5% of yr investment. U hope for capital appreciation but that's a bit of the roll of the dice.
As for the kids fees, if u r PR, assuming the gov doesnt change the rules its 10K per year (plus CPI increases of course). So relatively affordable.
If u r willing 2 take up citizenship, all the better, all fees can be deferred til yr kid earns 60K or above.
Aug 15 2016, 01:40 PM

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