EP. 1728 - We Love Albo's Latest Speech On The Economy.....

🏡 FIRST HOME BUYERS – IT’S NOT JUST ABOUT THE DEPOSIT A 5% deposit might help you get into the market, but the bigger challenge for many buyers is actually servicing the loan. What are buyers facing? ✔️ Higher monthly mortgage repayments ✔️ Everyday living costs continuing to add up ✔️ Bank serviceability buffers reducing borrowing capacity ✔️ Building, labour and material costs remaining high ✔️ Affordability becoming about cash flow, not just the deposit The key? Getting the deposit together is only one part of buying property — you also need to comfortably manage the repayments and everyday costs that come with it. For first home buyers, understanding your true borrowing capacity before you start looking can make all the difference. #FirstHomeBuyer #PropertyMarket #NorthernBeaches #SydneyProperty #HomeLoans #PropertyTips #RealEstate #BuyingProperty