Home owners in mid life can get double the benefit with the right choice of strategy as mortgage costs go up.
The typical household can borrow $55,000 more than when mortgage rates were at their peak,but the median dwelling value has risen $60,000.
Housing affordability is at record lows and experts say more home buyers are taking significant decisions beyond just saving a deposit.
Bank offers might look like a sweet deal,but that’s not always the same as being able to get ahead.
Experts are warning of the chance of a clampdown on some home lending,which could put downward pressure on property prices.
Home values have jumped on the back of interest rate cuts and wage increases,but the growth has been uneven.
Borrowers are starting to get the benefit of three cuts to the cash rate so far this year,but not everyone is keeping up.
She’s not alone. More Australians are finding a way to tap the value of their properties to cover their expenses.
The government could let first home buyers purchase,with a 5 per cent deposit,homes worth up to $1.5 million – but it’s unlikely.
The 56-year-old can’t rent-vest,her ex couldn’t buy her out and buying a family home is no longer an option.