Sydney woman buys first home despite losing ‘six-figure salary’

How sydney woman bought first home despite giving up ‘six-figure salary’ suzanne holohan was "burning" through her savings – but one fun "game" helped her save up a house deposit in.

A turbulent period during 2008 and 2009 saw the league lose teams from Sydney, Melbourne, Brisbane and Singapore. The 2009-10 season earmarked as the season in which the NBL would begin its revamping, much like the old national soccer league which became the eight team A-League. The NBL returned to free-to-air television in Australia for the first time in three years with One broadcasting 2.

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Many of the nine employers at the fair, organized by HIREvents, said it’s hard to hire in a city where the unemployment rate is 4.4 percent, a six-figure income doesn’t guarantee you can buy a house.

Of course, a six-figure salary isn’t much use if you can’t get a job. To create our list of the very best six-figure jobs, we selected only occupations with a much-faster-than-average projected growth rate. These are some of the jobs that are most likely to net you a high salary and good job opportunities.

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This points to why the First home super saver scheme makes sense. It’s all about the tax! When your salary sacrifice contribution arrives at your super fund, it will be taxed at 15 per cent.

Despite that, a house within 30km of Sydney’s city centre still costs more than 10 times an average full-time salary of $83,500 – with mortgage repayments often consuming 40 per cent of a working.

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Gary Hemming, commercial lending director at ABC Finance Ltd, told Mail Online: ‘Generation Y are the first generation who are looking to buy their first. them on an average salary will never be in.

On this salary, the Commonwealth Bank would allow you to just borrow enough- $1,282,000 to be precise- to buy the average home, but only provided that you have no expenses on a regular basis, such as food. So the Assistant Minister to the Treasurer can’t really afford to buy the average house, unless he tells a porky on his loan application form.

Developers Jimmy Tate, Sergio Rok unload distressed properties as market recovers "Jimmy Tate has a great nose for a distressed deal," said Related chairman and CEO Prez. The trio bought a total of about $600 million worth of distressed real estate from banks desperately looking to unload properties after the market crashed. Tate said he and Rok banked on a quick recovery.