Time to buy your first home?
If you’re thinking about buying your first home, we’re here to help you on your journey.
With a range of government incentives and a little help from us too, it may be time to look at how you can start turning those thoughts into reality.
A realistic appraisal of where you can afford to buy is a great place to start.
Although you might not be able to buy your first home in your dream location, a starter home or apartment is a fantastic way to build equity in a property that you can then upgrade in future as your lifestyle needs change.
Speaking of lifestyle, there are plenty of opportunities to enter the property market outside the big cities as regional areas continue to grow, develop and increasingly offer employment, activities and other experiences that can be found in Australia’s major capitals.
According to the Australian Bureau of Statistics, after many years of plummeting numbers there has been a recent surge in first-home buyer activity.
Combined with more stable house prices and historically low interest rates, this is leading more people to take the plunge and make the shift from renting to home ownership – and it’s not all happening in the capital cities.
First home buyers are looking and buying in cities like Bendigo, Ballarat, Geelong, Newcastle and Wollongong - which are all appealing for their lifestyle and proximity to Melbourne and Sydney.
A bank with listeners, not tellers
In some parts of Australia, mortgage repayments are now actually less than rent, so it’s well worth considering what your future would look like in 25 years if you took the plunge now.
In fact if you ask almost any existing home owner if they were glad they took the plunge and bought their home when they did, they’ll probably say yes. And we’d like to say yes too.
So if you’re ready to talk, we’re ready to listen. And if you’re working hard to pull together that deposit and can’t come to us, give us a call, or contact us for more info, – or one of our relationship bankers can come to you.