With the property prices where they are today, it could be a good time to buy your first home. But getting onto the property ladder is still hard for first home buyers.
Many think that they need 20% of the purchase price as a deposit before they can get a loan and whilst this is true if you want to avoid paying mortgage insurance, there are still ways to buy your first home with little or no deposit. Continue reading Buying Your First Home With Little or No Deposit
Young Australians do find it harder than their parents to enter the property market.
To ease the pressure of the housing affordability crisis ironically a property investment partnership with family or friends can be an affordable market entry strategy that is mutually beneficial for the majority of Australians. Market entry can be achieved either via first home ownership with the accompanying grant or via an investment property.
Here’s a seven step strategy for first time property investors… Continue reading Tips for young Australian investors
Profits and peace of mind await young investors.
Buying a property in your early 20s is one of the smartest decisions you will ever make. Not only will you get a jump-start on building wealth, you also won’t be left struggling to pay off a mortgage later in life.
According to recent studies, the earnings of most Australians peak at the age of 48 and yet many people today still have a large home loan well into their 50s. Continue reading A portfolio with your first pay packet
Australia’s first home buyers are now six years older than four decades ago, with new research showing average borrowers wait until their thirties before taking on large amounts of debt.
Underscoring the nation’s problem with housing affordability, a new survey of home owners and aspiring first home buyers shows one in five first home buyers used more than 50 per cent of their income to service their debt. Continue reading Home owners going backwards since the ’70s