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How to save for real estate in Burpengary while renting

By James Brown

One of the hardest parts of purchasing your first slice of Burpengary real estate is saving up the home loan deposit. After all, your expenses are likely to remain the same during this period – including things like rent, power and water – so finding extra money to put aside for your deposit can seem nigh on impossible. 

But the most important thing is to simply start. Putting it off will make the process much more difficult, so it's worth just beginning to budget. Figure out how much you can comfortably live on in your current rental situation and consider putting the rest away in a savings account. 

Furthermore, one thing to look into could be to change your utility providers, or find cheaper billing options with your current one. Cutting down on the amount you have to pay to live in your current home means more money to put towards buying your own property in the long term – and every little bit helps! 

Remember that this won't be a fast process. A normal home deposit is usually 20 per cent of a property's value, which is a significant amount to amass in this day and age. But with commitment and an attention to detail, you'll be able to move into your own place in no time. 

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