How to buy your First Home with a low deposit?

The traditional route to home ownership is dead. In the past, your parents could cut back on expenses, knuckle down on savings, and get a sizeable house deposit saved up in 2 to 3 years. It was tough but it was achievable. Nowadays, it takes the average First Home Buyer between 5 to 10+ years to save a deposit! While you are saving up a deposit, house prices are going up which means that in 10 years’ time, the house you are trying to save a deposit for will likely be worth twice as much as it is now. This means that you need to save double the deposit which is going to take double the time. By the time you’ve saved up a deposit to buy your First Home, you’re already a grandparent. However, that doesn’t mean it’s impossible! If you want to get into your first home, you are going to need some help to get there. Luckily for First Home Buyers, there is quite a bit of support available if you know where to look. Watch the video to learn more!