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If you’re one of the millions of people trying to save for your first home then you might want to read this article.
The article discusses a new report that claims it takes up to 8 years for some Australian couples to save their deposit for their first home.
While it will not take everyone this long to save, the article mentions that the increased wait is partly as a result of the first home owners grant being removed.
The article is more targeted to first home buyers in Sydney, rather than Adelaide. However, we are hearing many South Australians commenting on the struggle to save for their first home.
The good news for South Australian’s is that the medium house price in SA is much less that the medium house price in NSW.
Click here for the article.
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New reports claims it takes Aussie couples eight years to save first home deposit
Author: Melissa Chaplin