Out of the perfect storm of disaster that was 2008 is emerging an eager, willing and able class of property buyer. They're not investors nor retirees nor upgraders nor luxury buyers. They are first home buyers.
first home buyers now have everything laid out on a plate for them and more than enough incentive to quit their expensive life of 'renting' and make the jump into home ownership. 2009 will see the lowest interest rates in 50 years, the largest government 'freebees' in living history and generally low unemployment mix with Australia's great housing shortage and soaring rents.
Many investors and property professionals however see this as a lost opportunity - everyone knows investors don't qualify for the First Home Owners Grant ('FHOG') or any of the other incentives offered to first home buyers. As simple as it seems, everyone is actually wrong...!
Find out why in the latest issue.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan