First Home Buyers Archives

Private School Fees or a Home Deposit?

This is the ugly financial choice parents now have to make. Australia, we’ve hit a T intersection on housing affordability. One way is the haves, the other will be the have nots. Parents now have a choice to make. Do you want your kids to have a private school education or do you want them to own a home? I’m not trying to make a comment about private versus public education. What I am saying is the choice to send your child to a private school comes at a cost. A private school education ranks only second to a house [...]

lifevalues_admin 2018-02-23T16:52:47+11:00 October 23rd, 2017|Own It|

The NSW State Opposition Speaks Up About The Housing Affordability Crisis

Pre-empting the NSW State Budget on June 20, the State Opposition (NSW Labor) over the weekend released their plans to tackle housing affordability for first home buyers if they win the next election (2019). Key aspects of the announcement include1: 25% of dwellings constructed on government-owned land that is being redeveloped will be designated as Affordable Housing to rent or buy; 15% of dwellings on privately-owned land rezoned for housing will be designated as Affordable Housing to rent or buy; Conduct a full audit of all publicly-owned land and create an Affordable Housing Land Register; and Refocus Urban Growth to [...]

lifevalues_admin 2018-02-23T17:27:57+11:00 May 29th, 2017|Own It|

What you didn’t know about Housing Affordability and the upcoming NSW State Budget

By Housing Affordability Expert and Certified Financial Planner®, Robert Snell. Many Young Australians and their parents have been left disappointed by the latest Federal Budget with few real measures to address housing affordability. International measures of home affordability suggest that anything above 3 times average annual earnings becomes unaffordable and Sydney is currently travelling at around 12 times and at record highs1. We all should be alarmed and angered by this. The government needs to recognise that rising home prices are not a sign of success and being to house your population is. What you may not know, is that [...]

lifevalues_admin 2018-02-23T17:32:09+11:00 May 22nd, 2017|Own It|