Realestate? Would I be eligible?
I am 20, turning 21 in february. Right now I live with my grandmother but I need to move out and they have given me a less than a month to look for a place. I live in Sydney and the dilemma is I dont have a rent record and I’m a full time student and I get $400 fortnightly. I am looking around for a two bedroom apartment in the price range of 380 per week ( I will be splitting the bills with a friend who is moving in). I know that the fact that i get 400 fornightly will appear like I would not be able to pay but the thing is I already got $6000 saved up in my bank account. That is enough for four/ five months. My friend is also a student. Do you think they wont consider me because i get 400 fornightly? or would the fact that i got $6000 saved up help?
You can only afford 67 a week, not more then you actually earn. If you and friend both get 400 a fortnight you can manage twice that.
No one will rent to you when you do not even have enough coming in to pay rent. Since you also have other bills you should not spend more then 35% of your income on rent. You still have to eat, shower, have lights,. etc.
December 8th, 2011 at 4:27 am
You can only afford 67 a week, not more then you actually earn. If you and friend both get 400 a fortnight you can manage twice that.
No one will rent to you when you do not even have enough coming in to pay rent. Since you also have other bills you should not spend more then 35% of your income on rent. You still have to eat, shower, have lights,. etc.
References :