Buy a house with 10% deposit (+ what's the catch?)⎜Ep. 1670⎜Property Academy

In this episode of the Property Academy Podcast, Ed and Andrew tackle one of the most pressing questions for property investors and future homeowners alike: Is it better to buy with a 10% deposit or wait until you have 20%?
We explore the impact of different deposit sizes on loan repayments and the overall cost of buying at the national average property price.
Discover the possibilities and limitations set by official lending rules, and hear real-life stories of buyers who succeeded with lower deposits.
Book your portfolio planning session & create a plan with a financial adviser.
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[@niksolo4311]

Thanks guys! More first Home buyer topics would be awesome! 😊

[@wattsinvesting1679]

Interesting to hear how things have changed banking wise, my partner and I were able to get a 5% deposit pre-approval via Westpac back in end of 2022, new build condition of course. Ended up doing a 15% deposit to bring down the low equity margin to 0.25% from 1%. Great discussion guys.

[@mohammadfaisalmalik9501]

Amazing job guys. love your work.

[@DVul]

Love your work guys! keep it up...

[@studio36sunsetlounge61]

Thanks guys

[@Flaskkorv]

Very interesting.

[@artemriazanov2452]

Interesting, what if you dont have debt,(credit card, car loan) but got student loan?