The only way to beat $1.1 trillion Aussie property boom

It’s not about earning capacity. It’s about ability to save. So many times we’ve seen high-income individuals and couples struggle to buy because they haven’t/can’t save for the deposit or required equity. Even if they can satisfy ongoing mortgage repayments and other expenses, they rely on reduced deposits or deposit bonds for the transaction and end up paying lender’s mortgage insurance on their loan because their loan to value ratio is too high.
from Phang Legal