🏡 **FIRST HOME BUYERS – IT’S NOT JUST ABOUT THE DEPOSIT**
A 5% deposit might help you get into the market, but the bigger challenge for many buyers is actually servicing the loan.
What are buyers facing?
✔️ Higher monthly mortgage repayments
✔️ Everyday living costs continuing to add up
✔️ Bank serviceability buffers reducing borrowing capacity
✔️ Building, labour and material costs remaining high
✔️ Affordability becoming about cash flow, not just the deposit
The key? **Getting the deposit together is only one part of buying property — you also need to comfortably manage the repayments and everyday costs that come with it.**
For first home buyers, understanding your true borrowing capacity before you start looking can make all the difference.
#FirstHomeBuyer #PropertyMarket #NorthernBeaches #SydneyProperty #HomeLoans #PropertyTips #RealEstate #BuyingProperty
Mark NovakHost
Josh WapshotGuest