Photo by torugatoru
Since we moved to Australia, we were thinking whether to ride the mortgage bandwagon or not. But we are struggling to find the right house for the right price. These are our requirements.
1) Within 25 I’m radius of the city.
2) 3 bedroom
3) Just enough garden
4) South eastern suburbs.
But after months of looking around we still haven’t found the house that will take our breath away. So we have to compromise at least one of the requirements. We have seen some nice houses in the northern and western suburbs. But right now it’s not an option for us with N’s work. And one more special reason. Anyway our savings are getting bigger which effectively will increase our buying power.
Anyway this is an advice for all those people who are renting. Rent money is dead money as well as the interest payments of the mortgage. If you are not in a position to buy make sure that you increase your savings. This will increase your buying power as well as your deposit.
Saving is the new spending.
Writings on the Train 