Everand Logo

Welcome to Everand!

  • Money Magazine

    It’s a big stretch to get on the housing ladder

    Sep 01, 2021 5 minutes
    Susan Hely

    My daughter, Anita*, and her partner, Sam*, want to buy a home in the midst of a 30-year property bubble.

    What do you tell your adult kids about buying a home in this supercharged real estate market?

    They will, after all, be slaves to a bank for the next 30 to 35 years, saddled with an enormous debt. But the rental market is unpredictable. Rents have risen where they live, by around 15% over the year. Moving constantly is expensive and time-consuming.

    Anita and Sam have moved rental properties four times in the past six years. They moved into a rundown property with low rent less than a year ago. It was in a poor state: a broken stove, black mould on the bathroom walls and ceiling, window frames caked with mould and

    You’re reading a preview, subscribe to read more.

    More from Money Magazine

    Money Magazine3 min read
    Investment Decisions: 7 Biases To Avoid
    You could be the smartest person in the room but still be guilty of this. It means you are so confident in your ability to predict what the market is going to do – and that you will buy or sell at the right time – that it can get in the way of you ma
    Money Magazine1 min read
    Why The Gym Should Be Tax Deductible
    The Australian government uses the tax system to encourage us to invest in our superannuation to reduce dependency on the age pension when we retire. Similarly, it uses the tax system to encourage us to take up private health insurance to reduce dema
    Money Magazine1 min read
    Worthy Of Display
    Dinosaur Designs bridges art and nature with this gorgeous Wide Paradise vase in Grape – the scalloped edge makes it positively tulip-like. The 20.5cm-high resin vase can hold a bunch of beautiful flowers or stand alone as a sculptural piece. How muc

    Related Books & Audiobooks