Hi Joff. Fantastic to see you caring for your family. As other people have said, it is always a struggle when you first take on a mortgage. Always has been, always will be. Doesn’t seem fair that someone should have to move a bit further out from their family, but that is what most of us do. I bought my first house in Sydney in an area I said I never wanted to move to, and guess what, I’m still there. Yes, things improve with wage rises etc but it will always be hard to buy that first house. Once again, I commend you for “doing your sister’s worrying”
Regards
Martyon the affordability front, what are your opinions on bracket creep? do you think its going to make it harder and harder for not only first home owners but for investors alike?
i recently read this article http://finance.news.com.au/common/story_page/0,4057,6214850%255E14302,00.html
and if the properties keep rising , tax keeps rising yet incomes remain the same , surely this ever growing gap willcause a problem?
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