With real estate prices strengthening, I’m often asked by first time buyers for advice on the best way to enter the market.Their anxiety to buy a first home is understandable. Aside from the obvious practical benefit of having somewhere to live, real estate is a great investment and can help set you up for life…
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Two schemes designed to encourage property ownership have now made buying your first home in Queensland easier and more attractive. The State Government will provide $15,000 under its First Home Owners Grant to applicants who are planning to purchase a new property – one of the most generous schemes on the eastern seaboard. It can…
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Two state government schemes designed to encourage property ownership have now made buying your first home in NSW more attractive. The State Government will provide $10,000 under the First Home Owners Grant to applicants who are planning to purchase either a new property or one that has been substantially renovated. It has also eased the…
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Two schemes designed to encourage property ownership make buying your first home in Western Australia more attractive. The State Government will provide $10,000 under its First Home Owner Grant and offer discounts on stamp duty. Back in mid-2017, the grant was $15,000 but was reduced as the West Australian property market recovered from falling mineral…
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Two schemes designed to encourage property ownership have now made buying your first home in Victoria easier and more attractive. The State Government will provide $10,000 under the First Home Owners Grant to applicants who are planning to purchase a new property or one that is less than five years old. That figure doubles if…
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When you’re a first-home buyer, the experience can feel a little confronting – advice comes from an overwhelming number of well-meaning sources and you face the daunting task of selecting an agent to help you navigate past the pitfalls of a purchase. A third of all prospective home buyers are currently first-timers according to the…
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Looking for a property that is in less than pristine condition but has a lot of potential is a successful strategy for many first-home buyers who are working with a limited budget. It’s a great approach so long as you don’t take any shortcuts in assessing the structural quality of the property before making an…
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First-time homebuyers often face unique challenges when entering the property market. However, many are finding creative ways to overcome these obstacles and achieve their dream of homeownership. Saving for a down payment is often the biggest hurdle. Many prospective buyers use a combination of personal savings, financial gifts or loans from family members, and temporary…
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So, you’ve endured months of hardship and frugal living and to save enough money to use as a deposit for a home. Now comes the loan application and knowing for sure how much you’ll be able to spend. Lenders will put a magnifying glass to your application, especially in the aftermath of the banking royal…
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The extended Stage 4 lockdown in Melbourne because of the pandemic has been frustrating for buyers and sellers alike. But for first-home buyers, it’s given them additional time to research the government grants and savings schemes that are available to help them make a purchase. Supporting first-home buyers is critical to ensuring the real estate…
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