How to become the owner of your home?

Everybody has a dream, but not every dream comes true. To fulfil your dreams, you’ll need more
effort than ever, and the will to keep going, and going, and going until you reach your destination.
If you’re not ready to do that yet…Do not read on….

Looking to get rich quick? There’s no such recipe in the world (let us know if you find one). But what
will be revealed ahead is a small step, a tiny difference today, that might become a huge gap
between the wealthy and the ordinary later on.

Simply put, home ownership is the first step towards your personal wealth. Yet, for many Australians
even just thinking about it is a painful and stressful journey.

It’s true. A home. A unit, or apartment, or villa, or townhouse, or house – costs hundreds of
thousands of dollars.

“At June 2018, the reported average house price in Sydney was $1,012,368 and average
unit price was $752,625“(RP Data)

This figure may seem sky high for you. But, you only need a fractal of it to start. Only 5%. i.e.
$50,618 for the average house. And $37,631 for an average unit.

What about the other 95%? If your income is stable and up to a standard, that could cover the loan
repayment, you could borrow this 95% from lenders and pay it off over 30 years.
(If you would like to evaluate your income level contact us on 02 9838 8018.)

For most Australians, their journey to their Own Home starts by saving the 5% fractal – the 40K to
50K. Consider this, if every week you saved $300 dollars, and stuck to it, in one year you would have
$15,600 dollars, and in three years you would reach the saving target, of the 5% fractal.

Then the next step – home ownership. Once you own your home, the rent you used to pay is
replaced by a loan repayment. Most people find it easy to cope with after settling into their home
for a couple of months. Although, the loan repayment may be slightly higher than the rent payment,
it is still within their comfort zone. And most importantly they’ve passed their first milestone
towards personal wealth and an early retirement.

Is saving $300 a week very difficult?

Not really. But determination and persistence counts.

Initially there is only a small difference, only $300, between those who saved weekly, and those who
did not. In three years’ time however, the saver enters a new era of home ownership, but the non-
saver remains the same. The gap is widening.

In ten years’ time, the home owners sit comfortably on their home asset of 1 million or more, while
the non-savers remain the same. The gap keeps widening.

Is personal wealth hard to achieve? NO, it is only $300 difference. Determination and persistence
counted.

To find out more on how to become a first home buyer, attend our First Home Buyer Must Know
Seminar by click the link below:

http://www.assuranceloans.com.au/event/first-home-buyer-seminar-seven-hills/