He realised he was now getting paid enough to think about saving for a home - but he couldn’t have bought his place without two pieces of help.
Matthew Armstrong and his wife reached their 30s and realised it could take years to save a deposit on a Sydney home. Then they found a way.
Home-buying hopefuls can get a leg-up this year,but some might need to save more than they first thought.
Her first home was the moment she had been waiting for – the icing on the cake after a decade of saving hard for a deposit.
Some Melbourne home hunters are turning away from mass-produced stock in favour of restrained elegance and generous proportions – on a budget.
Upsizers from Camperdown were drawn to a Summer Hill property’s history and unique design and paid $1,355,000 at auction on Saturday.
Although a wave of city dwellers made a tree change or sea change when the pandemic hit,the trend is broader than first thought.
The first home dream is under siege in Brisbane,even for couples earning a typical salary and targeting a modest home.
Even after saving for years,first home buyers face moving goalposts and unappealing compromises to get their foot on the ladder.
Poor saving habits and a precarious economy can stymie the chances of home ownership,but they pale in comparison to other factors that help.