1 MIN READProperty owners leveraging home equity to ‘get further ahead’: NAB
A new research showed that property owners are unlocking the equity in their homes for a range of reasons but with the s...
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Almost nine in 10 prospective home buyers are having to pay rent while they save for a home loan deposit, a new survey has found.
According to RAMS’ First Home Buyer Pulse Check, released today, 86 per cent of prospective home buyers are paying rent to a landlord or family member whilst they try to save towards entering the property market.
Furthermore, 64 per cent of respondents to RAMS’ survey said they were seeking to enter the property market in order to avoid expensive rents.
The survey also found that would-be home buyers are working hard on growing their savings quickly. One in five respondents said they were allocating more than 20 per cent of their income towards saving for a home while one in 10 were committing half of their income or more.
A deposit is a portion of funds used as security for a lease or the purchase of goods and services or funds transfer to another account.
A deposit is a portion of funds used as security for a lease or the purchase of goods and services or funds transfer to another account.
Rent refers to the payment made by a tenant periodically to a landlord for the use and occupancy of a property.
Rent refers to the payment made by a tenant periodically to a landlord for the use and occupancy of a property.
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