We’ve all seen Sydney property prices climb over the years. It’s at the point now that you can’t find too many homes for less than $800,000 within Sydney’s inner-city and coastal suburbs.
So in a property market averaging million dollar homes left, right and centre, how are home owners meant to pay off their million dollar mortgages?
There’s plenty of advice out there on saving money and paying off your mortgage quickly, so we’ve put together some of the best ideas to help you;
Domain looks at 10 ways you can cut costs, reduce your repayments and even use your million dollar home to help pay itself off.
From refining your insurance to cutting energy costs, Jody Allen covers the methods that have saved her up to $5,000 per year.
The Sydney Morning Herald considers building inspection not just a guard against surprises, but also a way to negotiate on the price.
It’s important before you buy a million dollar Sydney property, that you make sure it is actually worth a million dollars. When you get a building and pest inspection done by an experienced professional you have the peace of mind that the property is clear of pest infestations and doesn’t have any costly damages or structural problems that will have you spending money on repairs. If it does you can walk away, or negotiate a better price taking into account the repair costs.