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Top ways would-be buyers can take advantage of the less-than-ideal pandemic

1Mo ago 0 Replies 23 Views
It credited the strong desire to jump on the property ladder – and a newfound perception that it is actually a possibility (especially for Millennials) – to low interest rates, a more affordable housing market and new government schemes.

Some of the tips ING has offered to help you get on the ladder sooner:

1. Review the things you’re no longer spending money on and consider redirecting those funds towards a deposit.
Were you meant to go on a holiday? Or hoping to? Add that travel fund to your deposit savings!
2. Re-evaluate what you’re prepared to sacrifice to save for a home.
Did you really miss going out for dinner three-plus times a week during stage 3 restrictions? Or has that become an expense you can now live without?
Maybe you’ve cut back on personal shopping spending, or have decided that that gym membership isn’t really worth it.

3. Research the home-buying government initiatives in your state to determine whether you are eligible.
The HomeBuilder scheme sits upon some already generous state and territory first home buying schemes. 

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