Brighter Buying

Queensland first home buyers more optimistic than a year ago

by Kate Watt, Marketing Manager 6 December 2018

A new survey shows many first timers acknowledge some degree of hard yakka or sacrifice is needed to save a deposit but, importantly, many believe home ownership is within reach.

Nearly 60 per cent of Queenslanders surveyed are feeling more positive about the housing market than they were 12 months ago and even more – 65 per cent – believe buying a home is closer now than it was last year.

The stats are from the 2018 Westpac Home Ownership Report which surveyed more than 1400 people across Australia.

The survey also revealed some interesting insights about what first timers are prepared to do for their first home, reports

As the silly season takes hold, first home buyers are remaining sensible, forgoing holidays to save for a deposit.

But they’re definitely not all work and no play, especially in Queensland where only 33 per cent of aspiring home owners would be willing to take on a second job to save a deposit, compared to 45 per cent nationally.

A total of 56 per cent of Queenslanders would be willing to go on fewer holidays, compared to 52 per cent nationally.

Ready to take the leap into home ownership? View our current listings for sale.

Still saving a deposit? Check our listings for rent.