First home buyers

It’s worrying that younger people are now being turned off of buying property in Australia because it has become so much more difficult to obtain a home loan. That’s such a shame.

Recent figures from Australian Property Monitors reveal that Sydney’s average house price is now over $800,000. With this growth in house prices and the uncertainty about future price growth, careful preparation to start the property journey has become even more important.

If you are in your 20s or 30s it is not easy to pay for the deposit but this does not mean you should not try to get foothold in the property market.

At the end of the day owning your own property gives you security and it’s something that you can feel proud of.

The more knowledge you have about the home loan process, the better

You should never give up purchasing property. You have every right to start living your own Australian dream. Just like the older generation has done before you. But you’ll need to know how to do it the right way. The more knowledge you have about the home loan process, the better.

Please take time to educate yourself about the terminology used and the alternatives you have to finance you first unit or house. Getting into property involves more than researching home loan rates.

You need to find you the right home loan that suits your needs now, and in the future.

Please remember when choosing a loan, financial wisdom could save you a few hundred dollars a year!