This is especially for Adelaide which is expecting 13% growth over the next 3 years. This comes in at the second-highest amount of growth expected in the country. More than a hundred and ten thousand first time home buyers entered the housing market last year. This might be a surprising fact as tighter lending standards, declining property prices followed by uncertainty in the economy has hit the housing market. Despite all that, QBE has a positive outlook for the next few years predicting a similar number of first home buyers to be dipping their toes into the housing market this year.
What Now?
If you are a first home buyer looking to invest in your first property, be sure to check out our YouTube page Rise High TV. We have various playlists that gives tips and tricks when buying your first home as well as what to look out for. Are you already an experienced buyer? We have also various playlist on investment strategies so be sure to check it out!
