First timers accounted for 18 per cent of all owner occupier mortgages in the three months to August 2018, reports Your Mortgage. The latest figures from the Australian Bureau of Statistics show they’ve remained at that level.
The average size of a first home buyer mortgage was around $350,000.
Low interest rates, a solid job market and state government incentives are helping more people get into the market for the first time.
So how can you join the ranks of home ownership?
In Queensland you should check out the First Home Owners’ Grant.
Depending on the date of your contract, you’ll get $15,000 or $20,000 towards buying or building your new house, unit or townhouse valued at less than $750,000.
You can buy off the plan or choose to build yourself.
If you’re not sure where to start towards your home ownership goal, contact us for a chat. We were all first home buyers once and we can help you navigate your way to becoming a proud home owner.
