First home buyers have been on a downward spiral as home investors dominate the property market for the past few months, raising speculations that first home buyers have conceded due to high property prices.
In a recent First Home Buyer report by realestateview.com.au, 24% of home buyers have raised the white flag, citing rising house prices, with capital cities rising by 9.3% over the year to September.
The current situation poses the next question: Is it really too late for First Home Buyers? Majority of them have opted for additional super contributions, or turning to shares instead of property.
The First Home Buyer report shows that 57% of their respondents are first home buyers between 30 – 40 years old. Are first home buyers a hopeless case? Absolutely NOT. With appropriate advice and financial guidance, there is still hope.
Read more about this on the Broker News website.