Rae Reid planned to buy her first home by the time she was 30. Now she’s hit that age, she thinks it will be another two years before she has enough for a deposit to purchase a home.
Rae is balancing saving with raising children and says rising living costs and childcare have forced her to adjust her homeownership timeline.
“My initial hope was to buy my first home before the age of 30 – but I am 30 now and have realised that realistically, I will be about 32 before I have enough money saved for a deposit,” she says.
Shorts
Rae, who has a five-year-old son and a three-month-old son, is currently renting a home with her two children. She is trying to save for a house so she can live together with her partner, who is the children’s father.
