Home Loans & Mortgages

First home buyers increase mortgage home loan approvals 10% as first home buyers grab home buying bargains.

House prices are defying gravity as lower affordability pushes many would-be homeowners aside. So if the average first home buyer is missing out, who is doing the buying? As buyers miss out on properties that sell for far more than the advertised quote, the question needs to be asked whether this is the result of [...]

In the US the average first home buyer is 44 and in Australia it was approaching 38 years old, but recently fell as a boost to the First Home Owners Grant spurred many young people to build new homes in 2009. Later figures are yet to be freely available, but I suspect that this has forced younger people into buying sooner and this would have meant that we are now in the zone wherehomebuyers are again creeping to 40 year old age bracket.
In the UK the figures in a survey showed 20% of potential first-time buyers expect to be 40 years old before they buy their first house.

The sea change,the tree change and the oasis change were all buying tips for the baby boomer. But first home buyers should buy their first home where there treasure is. For most first time house buyers that is where they earn their money.

Housing prices have trebled over the past ten years and wages have gone up maybe 50%?
A report suggests that two-thirds of Queensland families would not be able to afford a median-priced home, a new housing industry study shows. I do have some problems with this housing market report, and I’ll point those out in a minute. But it does highlight the fact that the dream of homeownership in Queensland has become largely unaffordable to Joe and Jill average first home buyer.