Brighter And some

Rock bottom rates and hungry banks woo millennials to market

by Karleen Jentz, Copywriter 1 March 2018

Record low interest rates and reduced competition from investors and foreign buyers have opened the floodgates for a surge in first home buyer optimism.

Millennials in particular believe 2018 is their year to get a foot on the property ladder, according to the YouGov Galaxy Poll commissioned by

More than half of those born between 1983 and 2000 are planning to buy a home this year, reports

If you live in Queensland a First Home Owner Grant will make it even easier to unlock you first home sooner.

The Queensland Government offers $15,000 to $20,000 towards the cost of building your new house, unit or townhouse valued up to $750,000. This includes homes bought off the plan or homes you build yourself.

In further good news for first timers, industry experts believe banks will be scrambling to woo first home buyers as recent data shows 17.9 per cent of new home loans are going to first home buyers, up from 13.8 per cent a year earlier.

“With a market that’s got a disproportionately large number of say first home buyers, (the banks will) put their ammunition into those parts of the market where there’s activity, so there’s lots of really competitive offers in that space,” Mortgage Choice chief executive John Flavell told the Sydney Morning Herald.

Is the time right to make your first home dreams a reality? Contact us for a chat or view our current listings for sale.

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