A lot of home owners have become upset with themselves when they find that their families lifestyle is threatened due to the high cost of home ownership. Having a place to call your own is a wonderful feeling but in achieving their goal many families are seeing their dreams wrecked and their families break up due to the
high cost of home ownership. A house worth say $300,000 would cost a renter and owner as follows.
Many home owners are now asking themselves the question whether it is worth the extra $410 per week to own their own home that is dropping in value. Auction clearance rates are a re very good indicator of whether home prices are increasing or decreasing. It was only a few years back that every week-end all properties were being sold at auction for ever increasing prices. In August 2008 RP Data reported that auction clearance rates in Brisbane 29% Sydney 44% Melbourne 61% and Perth 17%. Many families who have stretched their budgets to the limit and have borrowed the maximum now find that their mortgage is more than their home is worth. The worst part is that some families who are faced with sickness or accidents happening to a family member or worse still one member losing their job, are at their wits end to know what to do since they become stressed and have no one to turn to.
Sell House Now PTY LTD is one organisation that will help families move on without letting them go bankrupt and destroying their credit history for years to come. They can be contacted on 1800 888 366