Buying your first home can seem like an impossibility but that is not necessarily the case.
“While record high house prices across most of the country have meant the great Australian dream of property ownership has remained just that, there is hope on the horizon. With news from the government’s recent budget announcement that first time buyers will be able to salary sacrifice by using their taxes, purchasing your very own patch could be well within reach.”
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Tips from the experts:
- How can you afford it?
The First Home Owners Grant (FHOG) scheme offers a one-off grant to eligible first-time buyers. To see the qualification criteria read more here: http://www.firsthome.gov.au/
- Location, location, location:
Location significantly influences the value of the property. However first-time buyers can’t always afford properties in the best areas. The solution could be to buy a property in an up-and-coming area. Homelife.com.au worked together with OpenAgent to create a list of possible investment properties for first-time buyers.
You can learn from other first-time buyers’ success stories. Sarah Lefebvre wrote a case study on a 23- year- old property investor.
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Do you want to become a property investor? Contact the experts, Axon Property Group offers you support through the whole process. Sign up for the webinar now: https://axonproperty.com.au/adf/