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Ideal Spot for First Home Homebuyers in Queensland is up for grabs!

Ideal Spot for First Home Homebuyers in Queensland is up for grabs!

Good news is on the way for first-time homebuyers looking to get their property now! 


There may be huge prices across Queensland, but new data states that over 900 suburbs are still an ideal spot for first home buyers and are advised to save a deposit now. 

According to REA Group, it was revealed that first home buyers could buy under the federal Home Guarantee Scheme price caps. They have found 905 suburbs across Queensland where median house prices fell below those caps of $700,000 (southeast) and $550,000 (rest of Queensland).
There are 75 suburbs across the Mackay-Isaac-Whitsunday region
with median house prices below the $550,000 cap.

If you aren't aware of this scheme, any first home buyers can score their first home a deposit of just 5 percent, with the government guaranteeing the other 15 per cent. This removes the need for expensive Lenders Mortgage Insurance (LMI).

Learn more about this article by reading here. 
https://www.couriermail.com.au/property/where-you-can-save-a-property-deposit-the-fastest-in-regional-qld/news-story/c9187e1b3adae5f7baa5fc42531e76dc

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