Relying On An Inheritance To Buy A House

Relying On An Inheritance To Buy A House

Are you relying on an inheritance to buy your first home?

A recent survey has found that people relying on and using an inheritance to buy their first homes has increased. As the property market continues to increase, making buying a home unaffordable for younger generations, it’s unsurprising that young people are waiting for a parent to pass away before buying their first home. In the survey, around 26% of people aged 16-35 (Generation Y) said they are relying on their parent’s assets. This is a big increase on previous generations: Generation X was 16% and for the Baby Boomers it was only 8%.

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Selling An Older Home

Selling An Older Home

How hard is it to sell an older home?

Today we hear about showcase homes, brand new homes or project homes as being the most desirable. But this is not the reality for most people. First home buyers, young families and even older people are looking to buy an older home for reasons for affordability and taste. Investors may also be looking for an older home to renovate or to rent out. So if you are the owner of an older home and you want to sell, don’t despair. It’s all about how you approach the sale to make your older home look as beautiful as possible.

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Buying Your First House?

Buying Your First House?

If you’re thinking of buying your first house, you may be forgiven for being a little resentful of older generations who have paid off their mortgage and enjoyed high capital growth in their properties. It’s not uncommon for Millennials to resent the fact that for Baby Boomers, home ownership was so much easier.

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First Home Buyers Receive Incentives

First Home Buyers Receive Incentives

First home buyers are increasingly being wooed by banks who are offering cashbacks and incentives for their business, and through government policy aimed at helping them enter the housing market. But do these incentives and policies help first home buyers, or do they make housing affordability even worse?

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