One thing this financial planning course has taught me is that its really important to have financial goals. He recommended for our first property to save up a 30-40% deposit and aim to pay it off within 3-4 years by paying double the mortgage repayments. Subsequently saving all the interest to put towards something I actually do want.
So I am to buy something for around the $300,000 mark, with a 35% deposit… which means I need to save up a deposit of $105,000
wow that does sound like a lot of money… good thing I am thinking about this now… :)