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Book details
  • SubGenre:Personal Finance / Retirement Planning
  • Language:English
  • Pages:52
  • eBook ISBN:9781483503271

To Buy or to Rent

That is the Question. The Great Australian Dream, Fact or Fiction.

by Dileepa Ethapane

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After having a good look at the finances of many Australians he has come to the conclusion that most Australians are financially worse off at retirement. 67% of Australians who retire at 65 years old earn less than $ 30,000 a year. Only 4% of Australians earn more than $ 30,000 a year at retirement. What happened to all the money they earned during their lifetime ? It has gone to pursue the ultimate Australian dream of buying a house. This book should be read by anybody who wants to buy a house. It is a small but powerful book to give a prospective house buyer to think again.
Many people have conflicting thoughts about buying a house. Most of them decide to buy a house because someone else known to them has bought a house. They say " most people buy things they do not want, with the money they do not have, to show people they do not like." The decision to buy a house on mortgage payments is a very serious decision. This may eventually be a very big burden on the family's financial resources. Therefore, as in many serious decisions in life, a small advantages and disadvantages chart has to be done before embarking on a house buying venture. This book will serve you as this chart and enlighten you to get the knowledge to be able to make a serious decision whether to buy a house , or keep renting.
About the author
Dileepa Ethapane ,a Sri Lankan born Australian , has been a financial planner in Queensland Australia for over 15 years. he has had great experience in the industry and has helped many Australians to readjust their thinking in financial matters to better their financial status in time to retirement.
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