A first home buyer posted on the Oz Finance subreddit convinced that rising interest rates were about to swallow 84% of their income. The maths looked terrifying. The only problem wast that it was completely wrong.
Tash and Emma from The Broke Generation are back together again to break down exactly where this buyer's calculations fell apart, and why it's far more common than you'd think.
In this episode, they cover:
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Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.