While first home buyer numbers are trending down, there are steps you can take to enter the market faster than you may believe is possible.
The number of owner-occupier first home buyers who took out home loans in December was 35.9% lower than the year before, according to the most recent data from the Australian Bureau of Statistics.
If you want to buy your first home in 2023, the most important thing you can do is speak to a mortgage broker, who will give you expert guidance on how to fasttrack the process.
As your broker will explain, one option is to explore if you are eligible for any federal and state government incentives.
Other options may include applying for a low-deposit home loan, using a family guarantee or buying in tandem with a family member, if they’re suitable for your personal circumstances.
