π‘ How Much Should You Spend on Your Mortgage? πΈ
Hereβs what you need to know to stay on track and avoid mortgage stress:
Hereβs what you need to know to stay on track and avoid mortgage stress:
Investing in real estate offers a mix of financial and personal benefits, making it a popular choice for Australians. Here's why:
π‘ Why Are House Prices Still Rising Despite Affordability Challenges? π‘ Even though affordability is an increasing issue, house prices in Australia continue to rise, particularly in cities like Sydney. A new study shows that Sydney won't be affordable until at least 2030, but limited supply and growing demand are keeping prices high. π With only 163,000 new homes built last year, far below the governmentβs target, the housing shortage is worsening. This creates a perfect storm of high demand and low supply, driving prices up. π For buyers, this means that even though prices may seem daunting, the long-term outlook suggests prices are likely to continue rising due to these structural issues. Whether you're a first-time buyer or investor, understanding this dynamic is crucial in navigating the current market. π
Navigating the world of property investment can feel overwhelming, but with the right strategies and guidance, it's possible to make informed decisions that can help grow your portfolio and achieve financial freedom.