gen y to buy their first home, page-9

  1. Free will
    13,068 Posts.
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    27/05/12
    07:37
    Post #: 10228397
    "Well...if they can't service the home loan then how are they going to service the rent?"

    The answer is

    Rent - 4% yield

    Buy - 6% interest plus principal, plus maintenance plus insurance plus stamp duty plus council rates
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