Typically, when you buy a property, you would want to contribute 20% deposit, and pay for the 4%-ish stamp duty, with your own savings. On a $500k property, this can equate to around $120k. Let’s say you and your partner save $20k a year… it can take you 6 years to get there. By that …
Continue reading “Saving for a deposit VS using equity to buy your next property”