The 20% deposit and stamp duty required to buy a house in Sydney is $158,933, based on new CoreLogic data. That's equivalent to 20 years' worth of smashed avo.
When buying a property off the plan you have the right to ask as many questions of the selling agent or developer as you need to in order to make an informed decision.
First-home buyers who use their superannuation to purchase their own home could end up with larger 'nest eggs' at retirement than if they continued to rent their whole lives, says the REIA.
“There are lots of young people who are complaining that it is too hard to buy in Sydney, however they won’t forgo their material possessions,” says Gunning Real Estate Principal Malcolm Gunning.
