A positive article by Elizabeth Tilley in the Courier Mail 07 Sep 2017
After a brief hiatus First Home Buyers have made a comeback, with Queensland having the biggest increase. During the June quarter the number of loans have jumped by 14% as well as the average loan size. Real Estate Institute of Queensland spokesperson Felicity Moore said “Young Queenslanders have seized upon the opportunity to jump on the property ladder and take their first steps to personal wealth creation.” She also attributes this to the Government’s first-home buyer grant boost of an additional $5000 to a total of $20,000.
If you want more tips on saving for your first home:-
1. Establish a budget
2. Set a savings target
3. Add any windfalls
4. Put your money to work
5. Set up an automatic payment to your savings account
6. Get your finances in good shape
To know more about buying your first home watch the video below.