I have been doing our budget for 2023...we are trying to save for a house deposit but housing prices are sky rocketing...seriously I don't know how anyone here will be able to buy a house again...rents have sky rocketed..we pay a high rent already for a house that isn't worth it...we have been looking at other rentals but they are worth the money or the moving expenses either. We want to stay within 30 mins of this area as it has all our specialists/doctors etc. Most houses here for a basic 3-4 bedroom home...less than 500m2 for land size is around $700,000 and most of these houses need some work...I'm not talking nice houses either....that means we need a deposit of around $70,000 most of that is upfront fees and when you take out a loan here you can't get extra to do any upgrades...you have to save that yourself....sometimes I wish we lived in the US so easy to get a loan, nicer houses and you get more for your money than what we do....
So thinking of ways that we can make extra money, I don't think we can cut anything back as prices have gone up and I am trying to figure out how we can fit all the stuff in storage into this house and save there....not sure what else to do at this point but we will keep chugging along...if you have any ideas drop them below...Cheers
June 9th, 2022 at 05:26 pm 1654792016
Is it possible to to share a space with someone else to try and cut down expenses in order to save. My neice and nephews (siblings) all live together and sharing expenses.
June 10th, 2022 at 12:53 am 1654818825
June 10th, 2022 at 01:40 am 1654821600
LAL this isn't an option, you would have to buy a place in order to flip it..most 3 bedrooms here are around $500,000 plus and you need a deposit of $50,000 plus and you can't take out money to fix it like you can in the US...so it really isn't possible...if we could afford to do that we would be able to afford a house...and we have to much stuff for condos and my hubby and DD are not going to give up what they like to do and that they do for their mental health so we can live in a tiny place
We will continue saving and trying to do what we can...