BONUS EPISODE: Property with She's On The Money Book!

the Order Kerni Whoalbury and a waddery woman. And before we get started on She's on the Money podcast, I would like to acknowledge the traditional custodians of the land of which this podcast is recorded on a wondery country, acknowledging the elders, the ancestors and the next generation coming through as this podcast is about connecting, empowering, knowledge sharing and the storytelling of you to make a difference for today and lasting impact for tomorrow.

Property with She's on the Money with you. I have written Property with She's on the Money, just for you because I want to see you smash your property goals, and I've created this informative guide to help you whether you're getting your foot on the ladder for the very first time, or you're hunting for your dream home, or

maybe you're planning for your third investment property. Even with all the challenges that are involved, guys, crazy interest rates, crazy high house prizes, I'm looking at you, but so many of us we're still planning on purchasing property. That's why the Property Playbook has been so popular over the last twelve months. Whether it's the security and the financial perks of owning your own home or the benefits of

having an investment property. I guess the appeal and the rewards are a plenty, my friends, but buying property can also be one of the biggest decisions you are ever going to make, and we want to make it right right. So I have written Property with She's on the Money to equip you for the whole process, my friend, from establishing your property values and truly understanding why you want to buy property to saving for the all important deposit.

We're going to talk all things mortgages, what to buy and when, how to make every single stage of this process as smooth as possible, right through to renovating and selling. I have packed this book with practical advice, hopefully innovative ideas, and real life stories from members of el She's on the Money community who have already achieved the goal of purchasing their first home. With this game changing guide, I hope that property is no longer confusing, overwhelming, or out

of reach. It's going to be clear, inspiring, and totally within your power to achieve. So, guys, here is the first chapter of property with She's on the Money Hopefully

get your Property Journey rolling. Chapter one. So you want to buy property, So you like the idea of owning property, or you did before you started looking at your finances and listening to the daily news reports about interest rate increases and the rising cost of living and how millennials will never be able to afford a home, and since the world is going to hell in a handbasket anyway,

why bother. The truth is that, yes, all the rising rates and costs do creep in inch by painful inch, and at times of high stress, they can really start to buy it. So even if you had one's thought it possible to dream about owning your own home, now you might not really be so sure. But you don't need to give up on your property aspirations just because it seems too hard. The first step that I always suggest on your financial journey is to analyze your personal

money story. The conscious and subconscious beliefs we carry around wealth which direct our attitudes and our behaviors towards money, in this case property. If you're interested in taking a deeper dive into your personal money story, you can find more in chapter one of my first book, She's on the Money. But if you're keen to find out how it plays out in terms of property, I suggest you

stay right here. Very shortly, we'll be working through some activities to get you thinking about it in detail key terms. Before we get into it, I want to assure you that this book has been created with the idea of simplifying the property buying process, not making it harder. But I'm not going to lie. As part of the finance world,

property is an acronym heavy landscape. Learning this language, as with any language French Mandarin beautician, may be confusing at first, but trust me, the more you hear a word and see it used, the more sense it will make over time. You may even find yourself throwing terms like LMI and

P and I around with loose abandon chapter six. If you want to jump ahead as we go along, I will do my best to explain things, which include popping key terms near the top of every to give you a heads up, and then going into more detail on these as we progress. I'll also include a quick explainer in the moment. But if ever you find yourself being slammed with gobbledygook, there's also a handy glossary at the back of the book where all the terminology is listed.

Key terms comparisonitis, comparing yourself with others, and finding yourself lacking or gloating, neither of which is healthy. Investor owner someone who owns property that they rent out for income, not to live in themselves. Emergency fund a savings account holding enough money to support you for three months housing, food bills if for any reason you can't work and orse something unexpected pops up. Financial freedom, having enough money to live securely so you can choose how you spend

your time. Fomo fear of missing out. Gender pay gap the real difference between what men and women are paid. Typically, women are paid less for so many reasons, there's not enough room to cover it all here. Great Australian dream. Historically, the great Australian dream was to own a quarter acre block of land with a house on it in which to raise two point four children. More recently, it's come to mean owning your own home whatever that looks like.

Mortgage another word for a home loan owner occupier, someone who lives in the property they own. Passive income stream money coming in from sources other than your own direct labor. This might include things like dividends, interests, subscriptions, royalties and rent SotM. She's on the money, my fabulous community of

millennials striving to create financial freedom. You're why? The real reason often subconscious, sitting deep beneath all of the obvious superficial ones, as to why you think and behave the way you do. Your property money story. Okay, so are you ready to begin? I'm excited and I hope you are too. First things first, because you know I like to get a little deep, and it's important you do the same, at least as far as your relationship with

money goes. This relationship is one of your life's most important. It affects your lifestyle and investment choices, including property ownership, and ultimately your future. So Understanding your attitudes and assumptions around money is essential. Some hate the idea of having all their wealth tied up in one concrete asset, while

others love it. Some investors get excited when interest rates rise an opportunity to pick up bargains, while others faint at their mere mention, and others don't see property as particularly meaningful in either direction. Before I start getting too deep into theory, let's get you into the property mood with this fun activity. Cue your favorite music, beverage of choice and comfy. Set up and open up your PDF

workbook BWAYO pen your property money story. Thinking about your property money story, circle the statement in your PDF that best fits your idea of being a property owner. A. I have no idea how I'm ever going to afford property, but I'd like to. I suppose I imagine that somehow in the future I'll manifest a better income, partner, or life to enable it. B. I've never considered that owning property is an option for me. SE I move around a lot, and the idea of being stuck in one place,

let alone owning it is my worst nightmare. D. I've been dreaming about owning my own property since a young age, and I'm actively taking steps to making this dream come true. Australian attitudes to property. Whatever you just answered, it's true and valid, But I'd like to get you thinking about where your ideas and values have come from. In Australia when it comes to property. We've been encouraged to believe that the great Australian dream is owning our own home.

Yet in many countries in Europe, it's entirely normal and expected that a family will rent and live in the same house for generations. Stable and secure tenants have a say in how the place is fixed and decorated, and never questioned paying rent for a lifetime. Your money story

is influenced by your education and upbringing. You may have grown up surrounded by a clan of powerful female property investors who modeled to you from a young age that it's entirely possible, if not expected, to own several properties in adulthood. More likely, if you look at Australia's housing statistics, you either grew up moving from house to house as renting was your family's norm, or lived in a standard family home that was paid off using a good portion

of your parents' wages each month. Australian government statistics from nineteen eighty one to now show that, although it has fluctuated, Australian home ownership is an even split, almost thirty thirty thirty between those who are renting, be own with a mortgage and c own outright. Nonetheless, the dream of owning your own castle was the theme song of our upbringing,

the typical Oussie plan for securing a decent life. A lot of this was built on the idea of an Australia far removed from the society we live in today, and which it can't go without acknowledging exists on land stolen from its original custodians. There's a lot to rectify on that front, which needs its own whole book to explore. However, we can't discuss Australian property without recognizing that all of this housing we're talking about sits on unseated Aboriginal land.

Please bear that in mind and pay respect as you use the resources of this great country to build up your own lives and help others. You may be wondering whether the great Australian dream is still a possibility, or even if it's a dream you want for yourself at all at the end of the day, whether you invest in property or shares, or simply your own day education. Creating financial security is about empowering you to use money as a tool to transform your life and the lives

of others for the better. To start you off, I'll get you to explore your personal ideas and ambitions around property, which will help form the basis of a strategy for fulfilling those dreams, whatever they entail. Why property is important for women? Now. While we welcome any, all and no gender in our She's on the Money community, it's important that we talk about women when it comes to finance

and property. For those who don't identify as female, please stay with me, as it's equally relevant to marginalized and defranchised groups and as a society affects us all. Investing in property can be particularly important for those looking to secure their financial future and personal safety, as covered in more depth in the following chapters. These reasons can be more emotionally driven than finance led. However, it's important to take both into account when making decisions that are right

for you. Housing affordability is a real issue for women due to several factors including the gender pay gap on base salary thirteen point three percent in Australia, and society's reliance on women to carry the burden of domestic and caring duties, which forces them to work fewer or more flexible hours. Traditionally, women dominated industries tend to be paid less than male dominated industries, and while things are changing, often women are still paid less for doing the same

job as a man. This data was confirmed by the Australian Bureau of Statistics the ABS in early twenty twenty three, which found that women earn on average eighty seven cents for every dollar earned by a man, or two hundred and fifty three dollars fifty less per week. All of these factors limit a woman's ability to save for a house deposit, while stretching the time it takes, making it harder to achieve, especially when fighting against rising property prices.

It also affects her ability to service alone. On average, it takes Australian women a year longer than their male counterparts to save a deposit for a home. Even while women are starting to earn decent salaries and in some cases out earned men, we're still often worse off when it comes to money matters. Women are commonly kept out of the conversation when it comes to discussing finances at home, and no one is taught about it properly in school.

Quite simply, managing money isn't a subject that women are encouraged to focus on. It's not that we're not smart enough, it's simply often assumed we're not interested. Women are also at higher risk of homelessness due to their increased vulnerability to domestic violence. Financial independence gives you agency over your

life decisions and future. Being dependent on others for your financial welfare, whether another person, organization, or the government often comes with directives on how to behave in line with the donor's principles rather than yours. Let's turn that around. If you have dreams of owning property and no idea how on earth you're going to get there, you're not alone. If you've been trying to save for a house deposit that just seems to be getting further and further out

of reach, you're not alone there either. By the time we finish this book, the goal you have for your home made look a little different from the white picket fence dream you were sold as a child, but it will come with a knowledge and skills to turn it into a reality. Why property is important for your future. Speaking of futures, while retirement seems a long way off and most of us dream of finishing work for good one day, the harsh reality is that women often don't

have enough money to support themselves in retirement. While the government enforces superannuation contributions during your employment, because women often take significant periods of work due to pregnancy, childcare, and other caring and domestic duties, their superranuation at retirement is on average, significantly less than males. Many Australians rely on selling the family home come retirement and putting these funds

towards their post salary lifestyle. If you're able to pay down a mortgage to increase your property equity how much you not the bank owns over the period of your working life, this has the potential to offer a nice buffer in retirement. In addition, if you manage to pay off your home by the time you retire, the majority of your accommodation costs will be taken care of, greatly reducing your outgoings. Your why first up before deciding on the how what, when, and where of your own personal

property journey. It's important to know what's driving your decision and the ultimate goals you're striving for your why. When the chips are down and you're eating two minute noodles for the fifth Friday in a row so you can meet your increased mortgage repayments, you're going to need a pretty sol reason as to why you agreed to all of this in the first place. Buying property is a long term relationship that's not easy to jump out of

in a hurry. That said, we look at various ways to keep your current lifestyle or close to it while paying down an asset at the same time throughout the book figuring Out Your Why. If you come to my mortgage broking team at Zella Money, the first thing they'll ask you is what kind of property are you looking to buy? And I'm going to let you in on a secret. They won't be satisfied with the answer, oh, well, I just want to buy a house. They'll keep prompting

you what kind of house? Who's going to live there you? Or is it an investment? Where is it located? Are you ready now or making a five year plan? Why is this also important to you until you both have a really clear picture. Honestly, Victoria, I haven't thought about it. Can you give me some ideas? Everyone's why will be different. Where some are purely interested in buying property to generate in income stream, others are driven by the need to

provide she for themselves and their family. Some might be doing it alone, while others might be doing it in partnership. Some may want to run a business from home, others are looking to create a private sanctuary. The great thing is that all these options are available to you. The tough thing is figuring out which one works best for you. So let's lay out a few ways to assess where you're at now and where you'd like to be at eventually.

Your why. Getting to the heart of what's driving your desire to buy property is a great place to start. There will likely be several reasons, but there will usually be one main belief or motivation driving your decision. It could be the pool of having a place to cool your own or maybe using property to create a passive income earnings from something other than your own time and labor. For everyone, your budget will have a big influence on any financial decisions you make. And buying a house may

well be the biggest financial decision you ever make. Take some time to reflect on this question, also written in your workbook, dig Deep and be honest with your answer. Why is buying property so important to you? The pros and cons of investing in property. Whether you are financially ready or just starting out, there is real pressure to buy property in Australia. There's a lot to consider around

property before you can make the decision to purchase. And even if you determine that buying property is definitely for you, you still want to make sure to buy the right place at the right time. If you're a dedicated She's on the Money member, it's likely that you're driven by the goal of financial freedom life supported by a passive income stream. The question is property the right way for you to achieve this or are there other strategies that

might be better for you. In my second book, Investing with She's on the Money, we look in detail at a number of investment pathways that can help build up your wealth. There is absolutely no expectation that property has to be the vehicle for this, although it can be some like Rich Dad, Poor Dad's Robert Kiyosaki suggests that owning your own home is not a nasset. However, this viewpoint is challenged by many, especially in regards to Australian property.

My thoughts are that while property can be an epic asset, your family home shouldn't be viewed as such. With all financial purchases and lifestyles, comparisonitis is the devil, particularly because it's so hard to really know everyone else's history or circumstances beyond what you might see from the outside. You'll know, either from your own experience or from listening to my podcast, that comparisonitis can lead us down a path paved with bad debt, so we certainly don't want to invite that

in at the scale of a mortgage. Before you agree to any property purchase, I really encourage you to think about what it is you're committing to and why. Run the numbers several times and follow the book's activities to test your saving and repayment threshold before you sign on the dotted line. Remember, when it comes to figuring out the best way to build your future wealth, you're truly running your own race. Let's briefly consider some of the

pros and cons of investing in property. We'll look at many of these in more detail later, but just to get your brain juices flowing, here are some considerations unique to property investing. Ten reasons why pros of investing in property. One you meet the human need for shelter. Two it's a place to call your own. Three you can use it and enjoy it while you're paying it off, the ultimate buy now, pay later. Four Compared to some investments,

it's reasonably straightforward to understand. Five. Medium property values historically have grown over time. Six it's typically a stable investment over the medium to long term. Seven it can generate income and or reduce the costs of running business. Eight it offers the potential to reduce your tax with negative gearing. Nine it can create access to funding when used as a security rather than cash. Ten you can have a direct impact on improving its value, unlike buying shares in

a company. Cons of investing in property. One it can be really, really expensive. Two it may keep you in debt for a long time. Three it's difficult to predict interest rates, which can impact your standard of living. Four you may not be able to afford the house of your dreams, so find yourself paying off something you don't really love unless we change your property mindset. More on that to come. Five. It's hard to cash in quickly, what investors call an illiquid asset, unlike cash, which is

liquid and immediately available. Six. Holding onto property costs money in ongoing maintenance fees, rates, body corporate and perhaps in lost or below market rental income, among other things. Seven. Property is not a set and forget investment. It requires ongoing care and maintenance. Eight. Property involves many moving parts and people, which can bring potential issues.

and values. You may find that working through the prompts we're about to get to will get you to reconsider your initial Why that's good. It means it really started thinking more deeply about what property means for you and how it might fit into and impact your life. To figure out what makes you tick and why you're thinking about committing to the biggest expense of your lifetime, Let's

walk through a series of questions together. Either write your notes in the space in your workbook, or if you're a dedicated diarist, grab a notebook and a pen. If you're like me, a shiny new one, especially for all your property dreams, goals and strategies. Let's begin, what are your main reasons for buying property? Seriously? Have you really sat down and thought about all of this? I mean properly.

A lot of people we talk to at Zella and She's on the Money think that they want to get into property without ever having spent the time to consider. Why is owning real estate really that big on your list of priorities or is it just something you've been conditioned to believe is important. As we've talked about, we grew up being fed the great Australian dream. But take a look around, friend, is that your dream? Does it chime who you want to be? Australia has thankfully become

far more open and inclusive in recent years. People live in all sorts of families and practice wildly different lifestyles. The desire to follow the norm is losing its grip if there's even a norm at all. So before you decide to commit to a significant cash stop, be sure you know why you're doing it. All reasons are equally valid, So this is just about getting clear on your reason.

Why are you thinking of buying property for a place to call your own, to live in, just for now, to live in well into the future, as a wealth creation strategy, as an investor, as your retirement plan for its long term growth, Because you're sick of landlords and want to say in the place, because you're terrified of becoming homeless. Because your parents told you it was a good idea. Actually, come to think of it, No thanks, or at least not right now. Whatever you're responsive, write

it down in your workbook. The financial commitment of a property loan. If you are seriously thinking about investing in property, do you understand what it means for your finances? We have gone through several reasons why owning property may be a particularly valuable investment for women, but that doesn't necessarily apply to all women, and certainly not all people taking

on home ownership is a serious financial commitment. Not only must you save up for a deposit, you must first establish yourself as a positive loan risk for the bank to take on. That could mean extra effort to create an additional savings account, work to clear your existing personal loans, reducing or eliminating your credit card debts, and possibly taking on extra work or employment. Are you ready to take on a property loan? Have you got it in you

right now? And even if you can do it for a sprint, are you sure you can sustain it for the long term? Remembering that a standard mortgage repayment term is thirty years. What savings do you already have and how much more might you need for a deposit? How much can or are you willing to direct towards paying a home loan for the next thirty years or so? Are you comfortable with the restrictions this might have on

your lifestyle? In your workbook, list out some things you might have to forfeit if you were paying down alone. How does this make you feel the reality of managing a long term loan now? I don't want to get all doom and gloomy, but you have to consider how you might be able to keep paying your mortgage if the worst happened. We'll look more deeply at this in chapter seven, so no need to get tiery, but it's

definitely worth thinking about. During COVID, the government introduced wage support, thanks offered moratoriums on repayments, and many landlords went over and above to keep their tenants housed. But it won't always be all in together when shit hits the fan. If you already had a home loan and got so severely injured yes today that you couldn't work today, what then, Hopefully, after listening to this book, you'll have got yourself some

reliable insurances and some SotM. Smart savers will already have a decent emergency fund, which they will increase when they become homeowners. But these plans don't magically appear, and neither do the funds to support them. Make this conversation part of your planning. Are you prepared to manage a long term loan? Since nineteen ninety to now, mortgage interest rates have ranged between two point one four and fifteen point five percent. Could you manage this? If so, how what

plans would you put in place? What about if you couldn't work for whatever reason. Can you afford insurance that would cover you in this event? And or other support plans? Who might be there for you? Where might you turn? Is this a realistic plan for the short and long term? Write down your responses in your workbook. The responsibility of owning property. Owning a property might sound like a dream

come true. But even once you've saved that deposit, bought the place, and furnished it with your snazzy but affordable knickknacks, it's no time to kick back and lie like a lady lizard drinking in the sun. Owning a property comes not only as an ongoing financial cost, but a social and emotional one too. If you bought your place to live in, it's almost a guarantee that something many things had to give. Maybe you now have a ninety minute

one way commute. Maybe you need to spend every second Sunday mowing the lawns because the landlord doesn't cover it anymore. Maybe you had to fall for two months of Sunday brunches because your whole water system blew up the day after you moved in. If you get bored with this place or itchy for a new lifestyle, one year hiatus in Hawaii, anyone changing things up becomes far more difficult as a homeowner. As a renter, you simply give notice

and move on with your life. If the property is yours, it's yours to deal with two That's not to say you can't rent it out or even sell it, but both these are more hassled than giving two weeks notice. Then there's being a landlord. If you're an investor owner, you may not have sacrificed your walk to work proximity, but if you have tenants, you may be required to fix any issue they have with the house or appliances

quick smart. If the breakdown happens over a weekend and is considered a health risk, Hello, emergency call out Bee. Whatever compromises you talked yourself into when you bought the place, triple them. More things go wrong than you will have ever thought of. Soon enough, you'll have listened to every single one of my podcasts, and that commute won't seem so shiny anymore. That lovely lawn that you imagined lying on reading She's on the money Book after She's on

the money book has now become your worst nightmare. Those dream tenants who promise to lovingly tend to your place. They're gremlins. The trouble with property is it's a long term commitment. You'll probably have times when you get more sick of it then it could ever get of you worse. Still, unlike an annoying ex boyfriend or a bad haircut, you can't just ignore your house and its problems when you're

over it. No matter what. Those pesky bills will keep showing up, but the bank will keep drawing down its fees. When you sign up for a home loan, you're committing to possibly the longest relationship you'll ever have. There are plenty of lifestyle limitations that come with owning property beyond

just the mortgage repayments. That's not to say it won't be worth it overall, but now's the time to have a good hard think about whether you're ready to give up your current lifestyle to support your dream and future you. Are you ready to be a responsible property owner? Is making a home something that interests you? To what degree are fluffy cushions enough for Do you dream of floor plans and paint colors and exactly which oven you'd like

in your kitchen? What about if these break down? If the windows start leaking, or the gas heating stops working, or your front door won't shut properly. Have you got the time, inclination, and budget to deal directly with builders and handymen to keep the place upright and secure? Are you ready to settle into living in a place for possibly the next thirty years or at least seven. To make it worthwhile, write down your responses in your workbook

the responsibilities of being a landlord. There's a lot of chat around about the terrors of landlords, so let's tame that beast, shall we. If you're thinking about owning property, chances are you may one day become a landlord yourself, either by choice or necessity, if you've been a rent to yourself, or even if you've just watched the news lately. It's clear that while some landlords are greedy monsters, the majority are regular folk who got lucky and or worked

hard to get a foot into property investment. These people are now doing their best to look after their own finances and the people who live in the home they provide. Everyone has a choice in this world to be a dick or to not be a di So you can be a landlord just don't be a landlord dick. The best way to do that is to know and fulfill your responsibilities under the law, and ideally go beyond those.

To ensure your tenants are comfortable. You don't have to buy them super large fluffy bean bags or send a weekly grosser's box, but a nice welcome note and the invitation to get in touch should they need anything goes a long way to making them feel human. If you decide to employ a property manager, make sure to choose an ethical one who will do right by you and your tenants. Also, and most importantly, make sure you have

allocated enough funds to looking after the joint. As a landlord, you may have to fix things straight away, even if it's something you might live with if it we your own home, so make sure you have the cash to service your property. You might need a redraw facility on your property loan, or consider getting landlord's insurance to help

cover unexpected costs. Being financially responsible as an investor owner will take the emotion out of it and help ensure that both you and your tenants are looked after in the long run. Are you ready to be a responsible landlord if you're a landlord you must intend to issue straight away. Do you have the time, inclination, and budget to make repairs? If not, are you willing to pay and work with a managing agent to do so? Does your budget stretch to covering rental vacancies, tenants and or

building damages, special levies and other unexpected costs? Are you willing to sacrifice your own lifestyle if needed to ensure your tenants and property are looked after? Write down your responses in your workbook. The ethical implications of owning property further to the landlord dilemma, People are becoming increasingly aware

of the social impact of their decisions. Investors call this value investing, and in recognition of this, many trading platforms allow you the option to invest only in funds or companies that align with your personal values. A similar thought process can apply in property. The choice you make in materials to renovate or fix your home, what kind of power you use for your heating and cooking, and even what kind of plants you grow all affect the environment.

The impact of one person owning several houses when it's well acknowledged that thousands of people around Australia sleep rough every night and that our properties sit on unseated Aboriginal land can give some people the ick. There are many ways, large and small, to help rebalance such disparity. You might consider investing in social housing or land reclamation projects, or

contributing some of your income to supporting marginalized groups. For example, Pay the Rent is a grassroots Aboriginal initiative encouraging Australians to pay a small percentage of their income as rent for living on unseeded lands. There are several organizations that provide shelter to vulnerable women, who welcome donations both in time and money. As with any philanthropy, you can give inkind Support, fundraise, or myriad other initiatives that help to

counterbalance the impact you have on the planet. It's up to you how creative you want to get. I'd love to hear your ideas, so be sure to let us know by commenting on our install or via this ses on the Money website. Together we can all make the difference. What are your ethics around property ownership? As with any investment or lifestyle, there are ethical implications to your decision

and ways to mitigate against the negative impacts. Have you considered investing in schemes or activities that can work to build housing affordability. Can you list a few options. How about ensuring your building is environmentally sustainable? What are some things you could implement to ensure this? Write down your responses in your workbook Your Real Why. It's easy to see why and how we inherit beliefs from society and

others around us. If we're not actively reflecting on our own personal reasons and personal beliefs around life, money, and what's important to us, we can be swayed by others stories, views and fears, many of which have been well developed decades ago against very different circumstances. Not to mention that you, my pretty butterfly, are the only you on this planet and so what you think, feel and ultimately do should be individual to you. Your real Why buying a house

is important to you. Working through this chapter, you have reviewed your property, money beliefs and thought more about which of these are true to your story and those you may have inherited from others. Reflecting on these, write down in your workbook what is now true for you? Property story from Ruby thirty two from New Zealand and New South Wales. My partner and I are from New Zealand.

After years of saving for a house, we became demoralized by increasing prices and the hundreds of people at open homes where we were looking to buy in Wellington. After the COVID borders opened, we decided to give up on our New Zealand property dream, moved to Sydney and chuck our money into shares, bonds and a couple of startup businesses. We are thankful to not have the one million dollars of debt and rising interest costs to think about if

we had bought a house. We now have no desire to buy property and I can't see that changing in the next five to ten years. Mccanna thirty from Victoria. I moved to Australia when I was nineteen and since then have dreamt of owning my own house instead of paying someone else's mortgage. We started saving for a loan deposit in twenty fifteen when I was earning just forty three thousand dollars a year and my husband was earning

twenty five dollars an hour as a casual. As we didn't have much knowledge of the property market, our mortgage broker was invaluable guiding us from the start of the process until the end. He's now a family friend. We secured a mortgage on incomes of fifty four thousand dollars and fifty thousand dollars respectively. We've been in our house for a bit over four years and now have enough

equity to buy an investment house. The market is scarier than it looked when we purchased the first time, but my knowledge keeps growing and I know I'll never look back. Take note, buying property is a big decision and a serious commitment, possibly the longest relationship you'll have in your life, so not one to take on lightly. Property comes with pros and cons and is not the only pathway towards

building future wealth. Dig deep to identify the true reason you want to buy property if you still do, and use that to guide you from here. Guys, that was the first chapter of Property with Shees on the money, and I really hope that you're inspired to take action when it comes to getting on the property ladder if that's what you want to get up to, and you smash all of your property goals, whether you're getting your first foot on the ladder or you're hunting for your

dream home, or you're planning your fourth investment property. I don't mind what you're doing. I'm just so grateful to be part of the journey. If you loved this, you can purchase property it with She's on the Money from all Good book retailers, or you can listen to the rest of this audiobook by buying it on any good audiobook retailer. The advice shared on She's on the Money is general in nature and does not consider your individual circumstances.

She's on the Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS TMD and obtain appropriate financial advice tailored towards your needs. Victoria Divine and She's on the Money are authorized representatives of Money Sherper Pty Ltd ABN three two one IS six four nine two seven seven zero eight AFSL four five one two eight nine