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first home buyers

How Government Is Helping First Home Buyers

Posted on by Laze Spasevski
A new report from Housing Australia (previously NHFIC), demonstrates how the Government is helping first-home buyers. The report revealed that about one in three of all first-home buyers in the 2022-23 financial year used the federal government’s Housing Guarantee Scheme (HGS). Here’s what the typical participants looked like: First Home Guarantee: the median participant was in the ...
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Good News For First-time Home Buyers

Posted on by Laze Spasevski
There is good news for first-time home buyers as research from Domain shows that over the past year, it’s become significantly easier to save a 20% house deposit. In order to become homeowners, first-time home buyers must overcome 2 significant financial obstacles. They need to save for a lump sum deposit and they need to keep up with the monthly mortgage repayments. February 2022 data show...
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Breakdown of Property Buyers

Posted on by Laze Spasevski
Home loan activity has fallen since earlier in the year, but Australian Bureau of Statistics’ breakdown of Property Buyers shows that first-home buyers have held up better than that of other buyer groups. Between April, when national property prices peaked, and August, the most recent month for which we have data, total home loan commitments fell 13.9%, according to the Australian Bureau of Sta...
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