First Home Buyers

Increasingly each year, housing affordability becomes harder and harder especially for first home owners or low income earners.

With the increase in the first home owners grant throughout 2008 and 2009, the dream of owning a home has become a little easier for many first home buyers.
However, the question we really need to ask ourselves is....

Why are we buying our first home???

•    Mum and Dad pushed us
•    Peer pressure, as your mates buy
•    Create wealth
•    Housing security
•    It's the great Aussie dream
•    To get the First Home Owners Grant and Stamp Duty Exemption

All of the above are valid reasons but creating wealth is the back bone to every reason above.

So if that’s the case then let’s really understand whether buying a home or even investing in property is the best method to creating wealth. The wHeregroup is different to most other finance providers, because we like to explore both options for clients prior to them making such a large decision.

Due to affordability, many first home buyers have to move to areas they can afford but not necessarily want to live in, it's called sacrifice. But do we really need to? With all our first home buyers, we pose the question to them as an alternative to think about first - why not stay renting where you want to live and buy an investment property? - Tip Based on current rulings, you are still entitled to recieve the First home owners grant when you buy your home, however, you do not recieve the stamp duty exemption.

First home owner or first time investor?

Like to know more?

Contact us to arrange an obligation free consultation.