A new report has named Queensland as the most affordable first homebuyer property market on the eastern seaboard. First-time buyer couples there only need to save for 3.8 years to complete a 20% deposit. The sixth annual Bankwest First Time Buyer Deposit report said the national average is 4.1 years.
“Compared to the other eastern states, Queensland offers the most-manageable first-time buyers’ market,” said Ian Rakhit, Bankwest head of specialist banking. “But with strong wage and population growth across the state, it’s possible that Queensland’s first-time home market will soon gain pace, in line with New South Wales and Victoria. Queenslanders in a position to buy their first home
now will benefit from relatively favourable conditions.”
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now