You now have a stable job and a bright future ahead. If there is one thing your friends and family will keep pestering you about (apart from asking how soon you are getting married), though, it would be whether you already have your own home. Hopefully, you are reading this because you’ve carefully weighed your options and are now ready to take the first steps towards your first-ever home purchase.
Western Australia: A vibrant first-home purchase environment
A study from Mortgage Choice identifies Queensland and Western Australia as the two Australian states with the highest first home buyer activity. According to the study, first home buyers from these states accounted for almost 20 per cent of the loans for February this year. In contrast, borrowers from New South Wales accounted for less than 5 per cent of the month’s total.