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    How long did it take you to save for your first property?

    Let's say take home income is 60k. As a couple it is 120k. That is 10k per month. 3k per month is enough for a simple lifestyle. 7k per month left. There are decent houses in Australia for 350k. As the first home, you may not pay stamp duty etc. So need 70k deposit. 10 months should be...
  2. S

    How long did it take you to save for your first property?

    Bought without saving anything. All we had was a 3k (most of it was tax return). FHOG was 7k and borrowed all the balance from friends and relatives. And then paid back using savings and equity growth. It would have taken around an year to save that deposit.
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