Aqua Wealth | first home buyer
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first home buyer Tag

[pullquote-left]First home buyers have the best chance in more than two years of buying a property, a survey shows.[/pullquote-left] Financial comparison website ratecity.com.au says housing affordability is now back at the same level it was in March 2010. Its latest first home buyer index, which measures how hard it is for first home buyers to enter the market, fell by nine points to 114 in the 12 months to July. The result, which is based on factors including household income, loan size and mortgage repayments, was the biggest fall since the index launched three years ago. "For the first time since we began this index three years ago, we haven't seen the first home buyer market improve so dramatically in a 12-month period," spokeswoman Michelle Hutchison said in a statement on Saturday. "Interest rates are down, property values and the national average first home loan...