‘Every last dollar’: Young Aussie reveals what she’s had to put on pause to buy

News.com.au - 27/03
What a millennial has had to give up to attempt to buy a home in Melbourne reveals the impossible financial choices Aussies are having to make at the moment.

What a millennial has had to give up to attempt to buy a home in Melbourne reveals the impossible financial choices Aussies are having to make at the moment.

Allegra Paolo, 34, has saved over $150,000 with her partner and is looking to spend between $550,000 and $650,000 on a property.

Even though she’s routinely “humbled” by Melbourne’s property market, she’s apprehensive about contributing more to the deposit.

“I don’t want to put every last dollar I have into a home. You need a cushion for life’s unexpected expenses or inability to work,” she said.

She has been looking for an apartment for a rigorous six months and is grappling with what she’s had to give up even to attempt to buy.

She's been looking for six months. Picture: Instagram/allegrapaolophotographer
She's finding it hard to buy. Picture: Instagram/allegrapaolophotographer

MORE: Huge prediction for Aussie house prices

According to realestate.com.au, the median unit price in Melbourne is $564,700, which is a 1.2 per cent increase in the last 12 months.

Even though Ms Paolo’s budget puts her in a solid bracket, she tol...
[Short citation of 8% of the original article]