Is it the right time to leave the nest and try to make a life for yourself out there in a major city like Perth? If you are aged 21-24, the answer is yes, at least according to the University of Melbourne’s Household Income and Labour Dynamics in Australia survey.
Apparently, young people who seek independence at this age range are found to be richer later in their life by about $185,000 than those who delay the big move. While that may prove a compelling reason to rush out of your parent’s house, you should still take it slow and prepare. Here are some tips for would-be first home buyers.