Higher Rents Encouraging Generation Y to Purchase First Home

We certainly have seen an increasing number of younger people out and about looking for property of late. With government first home buyer grant still available, lower interest rates and a flattening of home prices this is the opportunity to for first home buyers to get into the market.

Higher Rents Encouraging Generation Y to Purchase First Home



MANY renters are buying their first home rather than fork out for exorbitant rent, new research shows.



 
First home buyers are dipping their toe back into the market while prices and interest rates are low.

New research has revealed they are more confident about buying a house now than they were six months ago.
Rising rents is one of the key factors that has first-time buyers considering if it is time to take the plunge.
Latest CBA/Mortgage & Finance Association of Australian research has found that current high rents mean two-thirds of first-time home buyers were re-evaluating the trade-off between renting and ...

source article here