It is not impossible for youngsters to get on to the property ladder
Article by Mozo
It certainly isn't getting any easier for youngsters to get their first foot on to the property ladder.
Sadly, the recent Homes for All study published by the Australian Associated Press showed that 75 per cent of people under the age of 35 cannot afford to commit to a home loan.
Although finances among members of Generation-Y are stretched to the limit, one property guru says that it is not impossible for youngsters to buy a house of their own.
Rick Otton has come up with some innovative strategies aimed at helping younger members of society find a place to live and has toured around numerous countries sharing his ideas.
He stated that too many people are put off by the huge deposits that are required to purchase a property, but there are ways around this.
"That's where my rent to buy strategies come in. You see, I've been teaching people for more than twenty years now, how to buy houses with no deposit," he remarked.
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