Certified Financial Planner professional, Matt Hern has three times been awarded as one of Australia's Top 50 Financial Planners by The Australian Financial Review Smart Investor. He is passionate about guiding you on the right financial choices to achieve what you really want. Matt Hern is an Authorised Representative of Charter Financial Planning Limited AFSL 234665. All information is general advice only.

5 responses to “First Home Buyers: Don’t Rush In”

  1. Rex

    Very timely advice. I was planning to rush in – this reminder is helpful in giving me a reality check.
    Would like some more posts like this for prospective first home buyers.

  2. Judy

    I am in property myself and it has never been more affordable for first home buyers to make a start during the last several years. Sitting on the fence waiting for prices to drop further and maybe missing out on government grant is not good advice to young ones and a lot of the older generation are doing just this. The problem is not the purchase, the problem is the type of house (4 brm 2 bath) they want to START with. 2 car loans, all new furniture etc and all on payment plans. Get your foot in the door with a modest property, go without a little bit and you could be in your own home too. Stop all purchases and the whole ecomomy will suffer more, building trade, real estates and lots more.

  3. John Tuyau

    This advised is very useful. I applied it myself when I bought my first home. Inferest was then 7.25 % then i realised that they will go up eventually. I calluted my rated until the maximum then 13.5% . Mind you you I was not wrong paid up such amount of 13.5 for a very long time.Please don`t fool yourself Interest rates may be low and affordable now. Think carefully about this advise which is free . When the Interest rates go up will I be able to afford it.That`s why last year when the interest Rates went up so many people were losing their homes.losing their homes. They could not afford the repayments.

  4. Nathan Morgan

    Sound advice, Matt, and good to see someone go against the hype to mention it. Calculating whether you can afford to buy your first home takes a little more than considering whether you can afford loan repayments on today’s interest rates. There are great opportunities now but only if you can afford it in the future.

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