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First Home Owners are better prepared to purchase

First home buyers are continuing to stake their claim on markets across the country with many usurping their competition by being better prepared to purchase. The latest Australian Bureau of Statistics figures show that about 18 per cent of all housing finance commitments is to first homebuyers. Lending landscape Lenders now require more information, including…

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The rise and rise of the millennials as the new home buying forces

With the re-emergence of the 1st home buyer it seems that it’s a new breed that’s the driving force behind this. The Millennial population, who are typically born between 1981 and 1996, represent the most influential age cohort in today’s residential property market. The Millennials are a significantly larger group than Generation X, those born between 1965…

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Central Coast affordability

Comparative affordability Sydney and Melbourne – the nation’s largest property markets – have endured price corrections over the last 12-18 months. However, these corrections follow on from accelerated property growth: prices in Sydney and Melbourne increased by almost 50% in the last five years to a median house sales price of $960,000 and $783,000, respectively…

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A quarter of first home buyers also considering purchasing investment property

New research from Westpac reveals a quarter of first home buyers are considering buying both an investment property and an owner-occupier home. Westpac’s latest Home Ownership Report shows first home buyers (FHBs) are feeling more confident than ever about their prospects of home ownership. The report found 29 per cent of FHBs are considering buying…

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