Why saving for a house deposit takes longer these days

A recent Affordability Report indicates that it may take the average Australian a minimum of 10 YEARS to get into their first property based on a 10% deposit. Rising property costs, spending habits, and using a savings account over other alternatives are all contributing to pushing the realisation of your first property further and further away. 

At First Class Wealth we have assisted many of our clients into their first property earlier than the 10 years reported by providing strategic financial advice around budgeting. saving methods and alternative forms of investments including home loan solutions to get you into your first house sooner. 

If you’re interested in finding out how we can assist you, please visit our website to find out more about us and send us an email for a free 15 minute phone call to discuss your situation. We look forward to helping you into your first property and making certain you don’t become another statistic. Take control of your wealth and your future.