Buy a Home or Invest? What Could $46,850 Become?

The Australian dream is often tied up in buying a house as quickly as possible. The 5% First Home Guarantee makes it easier to get your foot in the door, but it is worth pausing to look at what else that money could do. If you took that same $46,850 deposit and invested it instead, while adding to it consistently over time, the power of compounding interest could build a massive portfolio for your retirement. Of course, this is just one way to look at the numbers and there are always variables to consider. The right choice depends entirely on your own goals, lifestyle, and financial situation. If you want help running the numbers and finding the path that works best for you, book an obligation free consultation and we will map it out together. This is general information only and does not take into account your personal circumstances, financial situation, needs or objectives. Please consider seeking personalised advice from a qualified financial adviser before making financial decisions.

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Amy Lehmann is an Authorised Representative(No. 1292710) of AFSL 495401.