From Debt to a Deposit
A practical guide for preparing to enter the property market
When Emily Power declared online, 'I am 33 and my parents give me pocket money,' she started a national debate about personal finances and the challenges of breaking into the property market.
The Pocket Money Savings Plan has empowered Emily to move out of stifling debt and start scouting for her first property. It's a radical solution that won't work for everyone, so Emily, who is now editor of Domain magazines, has interviewed experts to devise other savings methods and household budgets to suit your situation, whether you're single, or planning to buy as a couple or a family.
How can you escape the debt trap? What is stamp duty? And where are the right suburbs to buy property? In the plain and motivating language of someone who's been there and done that, Emily takes you through:
How to save your pocket money
How to be a cheapskate and keep your friends
How to read the market like a pro
How to find the one
How to win the keys.
Along the way, you'll get tips on building a budget wardrobe, cooking healthy recipes on a shoestring, cheap and effective skincare products and economical wines. Before you know it, you too will be stepping over the threshold of your new home.
“A vital conversation starter that will change your mind and get you on the right path.”
Robert O'Hearn, Booktopia