How To Afford Your First Home In Today’s Property Market…

mortgage

It’s no wonder Australia’s first home buyers are so angry…

Established rich investors use their connections and flash equity to snap up affordable properties as they hit the market.

The best apartments are bought by foreign corporations who want to turn the country into a nation of renters.

Both are pushing prices up and up… through the roof!

So unless you have a trust fund or winning lottery ticket, owning your home up is becoming virtually impossible.

The lucky country?

Not for everyone…

In fact, first home buyers are now struggling to find anything – ANYTHING – at a reasonable price in a good suburb.

The situation is dire, worse than ever before… and I have been in the property game for a long time.

For example, a new study by a leading independent research group found that as many as 1 in 3 families are barely keeping afloat financially…

And at a recent conference of 850 property industry leaders, housing affordability was officially declared ‘ a crisis’…

 

If you want to buy your first property,  is it still possible in today’s market?

 

The answer is, “Yes!”

But only if you have the type of insider knowledge and advice normally reserved for cash-rich investors…

The good news is, I have been helping first-home buyers get on the property ladder for years using investor-style techniques.

I’ve helped dozens of clients who came to me frustrated, exhausted and with very little hope…

In this article, I want to share the first 3 steps you should consider if you are struggling to find an affordable home…

I will also tell you what to do even if these three steps are not enough…

 

Here are the steps now…

Step 1 – Buy In Sleeper Suburbs

In almost every city, there are areas that are currently in demand. Investors call them boom suburbs…

But there are also overlooked areas that have grown slower than the average.

Often, there is nothing wrong with these areas. They are beautiful places to live. They just haven’t been picked up by the tide of investor money yet.

If you can find these suburbs, you can get some fantastic bargains before the market drives values up.

 

Step 2 – Look For Older Properties

Another excellent way to save money is to search for properties that need to be fixed up.

Investors and existing homeowners looking to upgrade will often shy away from these properties because they are too much effort.

This means the prices are lower and you can escape the rental trap sooner – IF you are happy to put up with the hassle of renovating.

 

Step 3 – Get A Better Mortgage

One of the biggest headaches for first home buyers is trying to save a huge deposit. But sometimes that’s not necessary.

There are plenty of institutions that are willing of lend mortgages to people who don’t have much of a deposit – if you can afford the repayments.

You just need to know where to look…

If you would like further advice about getting a mortgage so you can hop onto the property ladder, then click here to download a free report now

 

 

Note: Information provided on this website is general in nature and does not constitute financial advice. You must not rely on this information to make a financial or investment decision. Before making any decision, we recommend you consult a financial planner to take into account your particular investment objectives, financial situation and individual needs.

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