Here is a taster for the upcoming feature ‘First Home Buyers Guide’ soon to be released in MPA Magazine’s February edition and online.
Here is a taster for the upcoming feature ‘First Home Buyers Guide’ soon to be released in MPA Magazine’s February edition and online.
It is packed with advice from expert lenders and brokers in the industry and explores in-depth 3 types of first home buyers that may not first spring to mind.
Below is a snapshot of each one.
1: The Clued Up Young Professional.
• Many first home buyers are young professionals on high salaries but because of rental costs are struggling to get together a sufficient deposit
• Young buyers see the advantages in using a broker with a survey showing 42 per cent of under- 45s would choose a broker when buying their first house.
• First home buyers make up more than 11 per cent of the business for three quarters of brokers.
2. Rentvestors
• Those who buy their first house with the intention of renting it out while they continue to rent themselves or save dollars living in the family home.
• A 2014 survey by Mortgage Choice showed 57 per cent of generation Y respondents are looking to the property market to set up their financial security.
• “The great Australian dream of home ownership is not fading away, it’s just that the goal posts are
changing,” says John Kolenda of 1300 Home Loan.
3. Keen Young Couples
• Couples aged 25 or under who are looking to settle down in their very own home.
• They are taking advantage of their young age and living with their parents to save everything into a deposit.
• Parents are often involved in the buying process and can be a valuable referral source.
MPA’s First Home Buyers Guide is proudly sponsored by Commonwealth Bank.
It is packed with advice from expert lenders and brokers in the industry and explores in-depth 3 types of first home buyers that may not first spring to mind.
Below is a snapshot of each one.
1: The Clued Up Young Professional.
• Many first home buyers are young professionals on high salaries but because of rental costs are struggling to get together a sufficient deposit
• Young buyers see the advantages in using a broker with a survey showing 42 per cent of under- 45s would choose a broker when buying their first house.
• First home buyers make up more than 11 per cent of the business for three quarters of brokers.
2. Rentvestors
• Those who buy their first house with the intention of renting it out while they continue to rent themselves or save dollars living in the family home.
• A 2014 survey by Mortgage Choice showed 57 per cent of generation Y respondents are looking to the property market to set up their financial security.
• “The great Australian dream of home ownership is not fading away, it’s just that the goal posts are
changing,” says John Kolenda of 1300 Home Loan.
3. Keen Young Couples
• Couples aged 25 or under who are looking to settle down in their very own home.
• They are taking advantage of their young age and living with their parents to save everything into a deposit.
• Parents are often involved in the buying process and can be a valuable referral source.
MPA’s First Home Buyers Guide is proudly sponsored by Commonwealth Bank.
