New data has revealed how long it takes to save a deposit in each state and territory, but with housing affordability pushing the median time across the country to 5.6 years, alternative options can help slash the wait time. PropTrack’s latest Housing Affordability Index, published this week, found prospective homeowners in Western Australia take an average of 3.8 years to save a deposit – less time than in any other part of the country. Queenslanders take 5.4 years on average to save enough money to get on the property ladder, making the s ...
Learn about government programs that make it easier to buy a home, including loans, mortgage assistance, and vouchers for first-time home buyers.
The average deposit put down by first-time buyers in 2023 was... the home value. The average first-time buyer property was... “Ideally, there would be no need for borrowers to take on...
for First Home Loans. The recent increase in the cap for... Generally speaking, this buyer group is facing pressure from... 40% deposit requirements. It’s probably also worth noting the...
How do I get a mortgage as a first-time buyer? Use our calculator to work out how much you could afford to borrow, based on your income, regular spending and any debts you might have. Then get an Agreement in Principle to see if we could lend the amount you need. Once you have that, and you’ve found a property to buy, you can apply for a mortgage directly with us. This means you’ll talk to one of our mortgage advisers, who’ll recommend a mortgage for you if you meet our lending criteria. ....
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a deposit. But getting ahead is often easier said than done.... There’s no magic wand but here is a step you can take to... au/september-housing-finance-the-first-home-buyer-struggle...