I would love to buy but we are now on one income and dont have enough deposit that the banks are wanting now. We live in a nice area to buy here we are looking at least $450k thats alot of cash hey. We are not eligible for any grants and its tough to scrap a deposit together maybe one day when banks are willing to allow you to borrow at leat 99% then maybe we will have a chance. I know what people say that renting is dead money but in one way we dont have the real worry of prices going up each month because the economy is getting better. Dont get me wrong buying is what I want but what we live in now to what we could afford to buy are worlds apart.
People out there are giving first home buyers every chance to get into the market but there is a hidden market out there with people in second marriages etc where their partner has never owned a house before and cant get these concessions because thei partner has owned a house before. If we could get some of these concessions to top up our deposit that have already I would buy in an instant