Articles
Why More Australians Are Forgoing Their Wedding and Buying a House Instead
by Dream Property Dream Design Property a guide for Smart Investor.Dream Design Property (DDP) Zaki Ameer says "more Australian couples are choosing to use the money that would have paid for a lavish wedding, as a deposit for their first home together." Even traditionalist parents who have put money aside for the wedding of their child, are seeing the benefits of spending that money on the couple’s future, rather than splurging on an event that is over in a day.
This trend has no doubt increased as the property market has heated up, and first home buyers have found themselves in the position where home ownership is far from guaranteed. In this scenario, many have deemed it ludicrous to spend the same amount of money on a wedding, as could be spent on a house deposit.
Buying a Home or Investment Property?
Another, perhaps more interesting trend is that more of these couples are forgoing the wedding, and purchasing an investment property instead of a home to live in. At first glance, it seems that these couples are left without a wedding and without a home, but the attitude of, “nothing now, the reward comes later,” could yield meaningful results, and the timing could have significant benefits.
For example, if a newlywed couple is considering having their first child in five years, and they have purchased an investment property with their wedding fund, they could, based on equity growth, be purchasing their third property when their child is born. Depending on their plans, they could either use residual income from their properties to help them enter their first home or continue to grow their investment portfolio with a view to achieving a level of financial independence by the time their child reaches school-age. It could also mean that the flexibility to sell high-value properties or leverage off investment income happens relatively early in life, and at opportune moments – when children are entering high school, or when unexpected circumstances, such as health-related issues, arise. Another important benefit is education; teaching the next generation of children the importance of investment, and the advantages that come from delayed financial gratification.
Original Source - Dream Design Property
Why More Australians Are Forgoing Their Wedding and Buying a House Instead
Sponsor Ads
About Dream Property 
Dream Design Property a guide for Smart Investor.
0 connections, 0 recommendations, 15 honor points.Joined APSense since, November 12th, 2018, From Sydney, Australia.
Created on Dec 14th 2018 01:53. Viewed 421 times.
