
As a first-time home buyer you play an important role in any property market. Typically this means you are looking to buy at the lower price end of the market. Unfortunately this is often where it is most competitive, too.
Since this is your first time buying a house, you are more likely to make some beginner mistakes.
I’ve listed down 10 of the most common traps that I have seen first home buyers fall into. Check and see that you do not fall into these yourself.
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Investors Shoot Up, First Home Buyers Fizzle Out
Home loan commitments to owner-occupiers have reached its monthly peak, calculated since October 2009. Both refinance and non-refinance commitments are trending much higher over monthly and year to year indices. A disturbing trend, however, is the marginalisation of the First Home Buyers (FHBs).
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