On Saving Money for Deposit for House and Land Packages in Perth


When you are not on the property ladder, saving a deposit for a house and land package can seem like a daunting task. The key to success is to start saving as much as you can as soon as you can. Lenders are often cautious about lending to young, would-be home buyers, so the larger the deposit you can put down against your purchase, the broader your choice of mortgages is likely to be.

Take a long, hard look at your budget

If you are serious about saving money fast, chances are you will need to set aside a significant proportion of your monthly income. The best way to boost your savings is to keep track of your spending so that you can identify areas where you overspend and take action to curb your spending. This might mean restricting the amount you spend on activities, such as shopping and socialising.
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