University debts another hurdle for struggling first home buyers.
SHOULD I go to university or buy a house?
Thats the distressing question the next generation of homebuyers may have to face.
Its hard enough to save the deposit for a home in many Australian cities thanks to the Molotov Cocktail of skyrocketing house prices, low interest rates, minimal government help and dizzying demand. But theres another hidden hurdle: your HECS-HELP debt.
A record number of Australians are now going to university and with the cost of a degree ranging from $6000 to $10,000 a year, a university student can graduate with a debt of more than $30,000, all before entering the fulltime workforce. That equates to about the cost of stamp duty on a median priced hom…
Read the full article at: http://www.news.com.au/finance/real-estate/buying/university-debts-another-hurdle-for-struggling-first-home-buyers/news-story/af9057cc69c2584718a63583ebe52d66