We answer your top questions about buying property with the First Home Super Saver scheme.
Interest rates are so low that Theo’s money is going backwards. He asks Paul Clitheroe where he should put his cash while saving for a deposit.
At its worst, the First Home Super Saver Scheme is likely to drive up demand, leaving families either more indebted or still locked out.
Casey and her partner are looking to enter the Sydney property market. Should they buy while prices are falling or keep saving till the market recovers?
Alice has $60,000 for her first home sitting in a high-interest savings account. She asks Paul Clitheroe if she would be better off investing the money.
Matt has worked hard to save $200,000 and doesn’t want to lose it by investing in the wrong property. That’s where Paul Clitheroe comes in.
Banks are blacklisting suburbs where they’re not keen to lend, where borrowers face tougher hurdles to get a mortgage and have to stump up a bigger deposit.
We put all our savings into a deposit to buy our dream home, now the bank’s desktop valuation came in $25,000 less than what we paid for the property.