Business
Aspiring homeowners need six-figure deposit to buy new home, new study shows – NEWS.com.au
Aspiring homeowners need six-figure deposit to buy new home, new study shows
Aspiring homeowners now need a whopping six-figure deposit to purchase a property, according to a new study. Finder’s First Home Buyers Report 2021 – which surveyed 1028 first-home buyers – found 11 per cent required more than a decade to scrape a deposit together.
The staggering results followed new Australian Bureau of Statistics data that showed the average deposit needed to secure a mortgage was $106,743 – an increase of 16 per cent since January 2019.
The ACT had the largest home deposit…
-
General14 hours agoAustralian celebrity chef Peter Russell-Clarke dies aged 89
-
Noosa News23 hours agoRainbow Beach surfer’s untold 7/7 story
-
Noosa News13 hours agoUnvaccinated horse dies from Hendra virus as Queensland records first case in three years
-
General22 hours agoDe Minaur to face Djokovic at Wimbledon, as Kasatkina bows out in straight sets