Property www.echo.net.au/echo-property
Couples choose mortgage over marriage A national survey commissioned by industry superfund-owned bank ME found many young Australian couples may be choosing a doorbell over wedding bells this wedding season. In a survey of 2,036 Australians, ME asked if any had sacrificed goals to buy their first home. With the cost of a wedding averaging $36,000 (ASIC estimate), nearly 23 per cent of Australian millennials revealed they’ve delayed or downsized their nuptials in favour of buying a home. Furthermore, 21 per cent delayed or downsized their honeymoon, and 24 per cent have decided to delay parenting or have fewer children to commit to a mortgage. The prospect of buying a home is so daunting that some brides and grooms now ask guests for a monetary
Top tips whether you’re becontribution towards their house deposit instead of tradi- ing carried over the threshold or simply want to buy tional gifts. one: But buying a home outside • Something old: And so the of marriage is not out of the old adage goes: a little goes a norm either. Around 37 per long way. Set a fixed amount cent of Australian couples to be automatically deposwere not married when they ited into a high-interest purchased their first home, online savings account so according to ME’s findings, you’re less inclined to touch a figure that coincides with it. It won’t be long before the general rise of de facto you start to see that pot of couples living together. savings grow. ME head of home loans, • Something new: Deploy a Patrick Nolan, said with new home-buying strategy: house prices more than buy with friends or family, doubling in the past 15 years, consider alternative locait’s not surprising couples are tions, or start out with an questioning the value of an investment property to get extravagant wedding. • Something blue: Avoid a your foot in the door. ‘What we’ve seen, however, ‘financial blue’ by talking • Something borrowed: In is that with a little lateral about your finances. Acthe current climate, we’re thinking and some sensible cording to the ME survey, seeing more than ever famisaving and budgeting, couples lies getting together to help are finding increasingly savvy the more you talk about out with big financial deciways to save for their house money, the less tension and sions such as buying a home deposit and eat their wedding conflict it causes. and saving for a deposit. cake too.’
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Property Insider is on holidays for a week. You’ll see the column again in next week’s paper.
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RARE OPPORTUNITY FOR RURAL VACANT LAND 33 BUNDALEER ROAD, BROKEN HEAD Private & peaceful 6.575ha, minutes from Broken Head beach Separated into 5 fenced paddocks, ideal for horse enthusiasts Mix of natural timbered areas / bush trails for walking & riding 3 dams (1 spring fed), 3 open stables (5m x 5m) + round yard Elevated 3 bed home – stunning use of various timbers throughout Large machinery shed (17.5m x 9m) with commercial kitchen Located in the Ballina Shire but with the Broken Head address!
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Beautiful Lennox Family Home 3 Greenview Place, Lennox Head. Elevated position – coastal breezes, quiet cul-de-sac, many extras High ceilings, open plan living flows out to the alfresco area Double bedrooms – BIRs, large study can revert to 4th bedroom Alarm system, ducted reverse cycle a/c, solar hot water gas boosted Plantation shutters & blinds, bi-fold doors + retractable screens
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Stone bench island kitchen, walk in pantry, quality appliances Landscaped gardens, minutes to shops, schools & beaches Price: $720,000 Web ID: 1P0970. Contact Mark Kinneally 0429 868 001.
North Coast news daily: www.echonetdaily.net.au
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Live Like You’re On Holidays
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Inspect: Auction: Web ID: Contact:
Saturday 2-2.30pm 5.30pm April 6 In Our Rooms 1P1022 Mark Kinneally 0429 868 001
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First time offered to the public since 1972
1/9 Seaview Street, East Ballina. Timber/tiled floors, feature windows Immaculate split level townhouse Walk to Shelly Beach, Belle General Café & surf club Fabulous elevated views to Shaws Bay & East Ballina Price $650,000. Modern bathroom with double corner Web ID: 1P0226. spa bath Contact Mark Kinneally 0429 868 001. Bi-fold doors open to expansive & partially covered patio Main bedroom has balcony & shutters open over lower level Easy beachside living
6/23 Namitjira Place, Ballina. Panoramic views from bridge to bridge over North Creek – Waterfront The current owners will greatly miss their annual family holidays The property is otherwise holiday let with solid repeat bookings Spacious open plan kitchen/living with large bedrooms & built-ins Sold as is fully furnished – ready to move into & no need for a car
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Step out to bike/walk pathway to Ballina, Shaws Bay & beaches Perfect for investor or owner occupiers & flat walk into Ballina Auction 6 April 5.30pm In Our Rooms Wed Id: 1P1024. Contact Mark Kinneally 0429 868 001.
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