Although it can still be tough to turn this dream into a reality, one of the first things you need to do is start saving for a deposit. But does this mean saying goodbye to your social life, or is it possible to have your smashed avo on toast and eat it too?
“How much do I need to save?” is one of the most frequently asked questions we get from first home buyers. Well, that depends on your budget and how much you can afford in terms of mortgage repayments. Our advice is rather than focus on how much you need to save, just get started! The longer you wait, the further away your dream of owning a home becomes.
As the age-old saying goes “a penny saved is a penny earned”. Your savings are just as valuable as your earnings, even though it can be difficult to appreciate this at the time!