how to increase borrowing capacity Perth
8 proven strategies to increase your borrowing capacity Perth in…
Let’s cut through the noise: buying your first home is a big deal. It’s one of the most significant financial decisions you’ll make in your life, if not the most.
Add to that the financial responsibility, decades-long time commitment, a fierce property market and emotional commitment to the process, it’s no wonder the median age of first-time homebuyers has risen significantly in recent years.
A recent PropTrack survey last year revealed that many Australians have delayed their first home buying plans, citing the high cost of living, expensive house prices and an uncertain economy as reasons not to enter the market, with only 20% of first home buyers considering it a good time to buy.
With Australians waiting longer and paying more, it’s understandable that first-home buyers feel hesitant to buy a home. Many young Australians believe the great Australian dream of home ownership is slipping out of reach
The good news is the dream of home ownership is still alive and well, it just takes more planning, resilience and confidence. Here’s how you can overcome the first-home buyer anxiety, and take the first steps toward homeownership.
If you’re still dreaming of buying your first home, but don’t think it’s feasible right now, it may be a good time to get a leg up.
Start putting money towards a deposit whenever possible. Even small, regular contributions to your savings can gradually build towards your home loan deposit.
Even if you’re not planning to buy for a year or even longer, get in touch with us. We can help explore reasonable loan options to suit your circumstances, create a savings plan and notify you on how much you’ll need to save over some time. Just by taking this step, the home buying journey can become less stressful and more achievable.
You’re not in this alone—both national and state governments offer grants and concessions to help first home buyers. These include:
Government incentives can significantly reduce upfront costs, making homeownership more accessible than you might think. Since schemes vary by state.
Fear often comes from the unknown, and the homebuying process can feel intimidating if you don’t know where to start. Educate yourself and understand your options to gain confidence. If you have friends who have gone through the homebuying process, chat with them about the steps they’ve taken, how they’ve saved and how they feel on the other end of it.
Be sure to get expert advice. Mortgage brokers have the knowledge and experience to ease your concerns, explain available benefits, and help you develop a solid homebuying plan. Once you’re ready to take the leap, they’ll guide you through every step—securing pre-approval, negotiating with lenders, and supporting you through settlement and beyond.
A journey of a thousand miles begins with a single step—and your homeownership journey starts with a conversation. Whether you need help saving, exploring loan options, or navigating government incentives, I’m here to guide you every step of the way.
Contact Strawberry Finance in Hillarys, WA, today. Whether you’re a first-home buyer, upgrading, or investing, we’ll help you get pre-approved and set you up for property success.
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