WorkingClass
Registered User
- Messages
- 18
You'd probably need about 30-40% deposit for an apartment and 20-30% for a house.
Maybe you should think about insulating yourself from it too. You've already seen 60k-110k go up in smoke on your PPR, makes me wonder why you want to plough another 100k into a crashing property market with over 20,000 vacant rental properties currently engaged in a death spiral of decreasing rents to attract one of a shrinking pool of private sector renters due to rising emigration and unemployment. But hey, you have your heart set on it.
Sorry to be blunt but, you timed the market completely wrong when you bought your PPR, what makes you think you can buy a rental property and make money out of it?
For the next few years not be leveraged to the hilt will be a huge bonus, plus your savings will make you financially secure should anything bad happen.
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