Boost your income to get into the first home market
To succeed as a first home buyer in today's market, think outside the box and boost your income with side hustles or extra jobs, then use pre-tax money for your deposit.
Full transcript
What makes a first home buyer successful in today's market? One of the biggest mindset shifts that we have with our first home buyers is not necessarily how can you save harder, but how can you make more?
Is there any side hustles, is there any extra jobs, is there any extra OT that you can do that's going to boost up that income? If you are working OT and it's gonna push you into that tax bracket, that's where we need to be smart.
Use things like the first home super saver scheme, so that you're taking your pre-tax money, putting that into your first home super saver scheme, which can then be used as a part of your deposit. It's again, thinking outside the box will get you extraordinary results and it's extraordinary results that's needed in order to get you into the market today.