Spending More Than 30% Of Your Income On Your Own Home?
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What would you say if we said we could help you pay off your home loan in 6 years by buying investment property?
Do you know there are strategies you could be following that could be leading you to financial freedom while paying off your house sooner.
A recent report put out by PRD Nationwide notes that Australian households now need on average 29% of their income to service the average home loan.
There is a significant impost on already cash strapped families, and with rates set to rise – we believe at least 0.5% over the course of 2010 – affordability can only get worse.
Firstly what does this do to the property market?
The first affect could be slowing the rate of people purchasing property – putting pressure on home prices but also then placing upward pressure on rental as more people entre the rental market.
Secondly it can slow the price of houses as people choose to stay away from property.
Australia does continue to face a chronic shortage of dwellings, effectively insulating us from the risk of downward prices to the extent seen in the USA or the UK. However, as people baulk at the cost of owning a home this could pressure the property market somewhat.
But we believe – the astute buyers can still make money in the property market in Australia, both in rental returns in tight markets and in many capital growth hotspots around the country.
Don’t let the cost of home ownership fool you – we can show you ways that you could own investment property and pay off your home much faster than you are doing now. All without affecting nor using any of your household or job cashflow.
By leveraging some of the equity in your home, people can purchase property, and if properly structured through tax savings, deductions and restructuring finances save yourself time and of course money on your home loan.
I would love to have the time to be able to show you our strategy for saving you money on your home loan and at the same time increasing your investment proeprty portfolio, so why not give me a call and I’ll show you how in your situation.
Make It Happen
Paul Pritchett – Founder Portfolios












3 Responses to “Pay Off Your Mortgage Sooner”
would love to find out more re property investment
March 31st, 2010
I would like to find out more about paying off my mortgage and looking at an investmentproperty.
March 31st, 2010
Reading this article makes me keenly inquisitive…..
March 31st, 2010
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