BSB 806 015

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BSB 806 015

A home of your own

Thoughts from CEO Andrew Hadley

Saving the lump sum required for your first home is seen as one of the biggest hurdles for young people.

According to the Housing Industry Association (HIA), Perth housing affordability is the best it's been for a number of years, so it's a great time for those ready to take their first step into home ownership. Housing developments continue to expand across the city (whichever side of the river debate you fight for), which gives you the opportunity to take advantage of first home builder incentives.

But where does that leave those of you who are just starting to contemplate your journey towards home ownership?

Once you've decided to save for a home deposit, the smartest approach is to adopt a regular savings routine while educating yourself about budgeting, home ownership and smart financial management so that when the time is right, you're truly ready to find your first home.

In this edition of &News there's an article about how much you might need for a home deposit. As well, P&N's Power of & Content Hub has tips and advice regardless of where you're at in your saving or home ownership journey.

You might be interested in...

The calculators on our website are a good place to start to look at how much you'll need to save for the type of home you're looking for. You can also chat to one of the team in our Perth Contact Centre on webchat or visit our branches to help understand how much you'll need for the type of house you're looking for. At P&N, we're here to help you realise your financial goals.

Source:
https://www.corelogic.com.au/resources/pdf/reports/housing-affordability/2017-05-CoreLogicHousingAffordabilityReport_May2017.pdf
http://www.perthnow.com.au/news/western-australia/buyers-market-as-wa-house-price-fall/news-story/cd0d5c92fe6a901febc58c4751132488

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