Aussies Are PRISONERS To Their Mortgage #shorts #australia

By Scott Kuru

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Your home can go up in value and you can STILL fall further behind the home you actually want. That’s the frustrating reality of climbing the property ladder. As property prices rise, the next home you want may be increasing in dollar value faster than the one you already own. Add higher borrowing costs and tighter lending capacity, and upgrading can become even harder despite having significant equity. That’s why I believe getting into the property market is only the FIRST step. Building an asset base outside your family home can help your wealth grow alongside the market, rather than relying entirely on your own home to keep pace. The goal isn’t just to own property. It’s to make sure your wealth keeps growing with where you want to go next. Have you ever thought about the property ladder this way? Let me know in the comments.

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