Highlights from the report include:
- First Home Buyers are struggling to enter the property market despite their Australian Dream to own a home
- Housing has stretched beyond the reach of many individuals with 29% unable to save a deposit and a further 24% feeling they were unable to meet mortgage repayments
- 66% of First Home Buyers continue to remain trapped in rental properties, which is delaying their ability to save a deposit
- Over recent years product innovation in the mortgage market has increased, providing First Home Buyers with a wider range of alternative loan options While there are a wide range of alternative loan options available to borrowers, there is a lack of awareness about the benefits some of these new products offer
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