Regional First Home Buyers

I don’t think we talk enough about how achievable buying your first home actually is!

I want to preface this by saying that buying your first home is much more affordable in regional cities than it is in metro areas. As a first home buyer, it helps to manage your expectations and remember that your first home is unlikely to be your forever home. It is simply your starting point!

For most people, the biggest challenge is saving the deposit required to get into the market however once you understand the numbers, everything feels more within reach.

Having the right information often motivates you to start putting money aside because you can clearly see that becoming a homeowner is a realistic goal.

For example:

A couple with no existing debts who each earn $60,000 per year could potentially buy a $600,000 home with a deposit as low as $33,000.

Of course, most people have some form of everyday debt. You might have a car loan because you need a reliable vehicle to get to work, or you may have a credit card that occasionally covers a cheeky impulse purchase.

These situations are completely normal. The most important first step is simply reaching out and getting the right information. You may not be ready to purchase today, but that should not stop you from learning what is required to achieve your goal of becoming a homeowner!

If you’re a regional first home buyer and want to understand what’s possible for you, get in touch with me, Nathan, for a no-pressure conversation about your options.