Who Says You Can't Afford to Buy a Home

Does buying your first home seem like a far off dream? Don’t give up hope - here are some tips for finding ways to make becoming a home owner more affordable.

State assistance

All states have subsidies available to first home buyers, so if you aren’t sure whether you can afford to buy property it is a really good idea to see what you may be entitled to.

There is the first home owner grant, for example. Depending on the state you are buying in, the value of this grant will vary, but it could provide a much needed boost for your property purchase.

Similarly, you may also be eligible for concessions on stamp duty fees.

Consider your options

While a house may be the first thing that comes to mind when you think of your first home, there may be more affordable options.

Buying an apartment or townhouse can be a great way to get on the property ladder - these can often be less expensive than a fully detached house but still make a great home.

Talk to an expert

Talk to a home loan specialist to find out what you can really afford - you may be surprised!

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.