Buck The Housing Affordability With Our 99K Miracle Home
Tired of being told that your generation is “entitled” and “has it easy”? Sure, younger people have access to more technology and social freedoms than their parents’ generation, but in many ways things are a lot more difficult for those in their 20s and 30s. Lower job security, higher youth unemployment, unpaid internships and higher education fees are all worrying, but the number one problem confronting people in this age bracket is housing affordability.
Don’t worry guys, we feel your pain! That’s why we’ve come up with our 99k Miracle Home and combined it with the $10,000 first home buyers grant so that more young people can achieve their dream of owning a quality home sooner rather than later.
But first, a little more in depth look at the problem. There’s no doubting that housing is getting less and less affordable as time goes on. Been told to stop complaining about it by a judgemental baby boomer? Here a few stats that you can use to back up your argument:
- In the 90’s the proportion of people aged 25 to 34 who owned their own home was around 10%. Today it has dropped to almost nothing.
- At the start of the century prospective homebuyers would have to spend about 3.5 times their median income to buy a house. Today it is more than 5 times.
- Home ownership rates between 1982 and 2011 for 25 to 34 year olds fell from 55.5% to 34%
- The mean mortgage debt to income ratio for 25 to 34 year olds in 1990 was 115%. By 2011 it had climbed to 241%
At first glance it can be pretty depressing, but we’re here to tell you that it’s not all doom and gloom! We’ve designed the 99k Miracle Home to be the best value-for-money possible so that we can buck the housing affordability trend and get more young people into a home of their own. Even better than that, build one with us and the Government will help kick start your home ownership dream with a $10,000 first home buyers grant!
At First Home Buyers Direct we’ve taken it on as our mission to get as many young people as we possibly can into their own home and onto the property ladder. Just call us on (08) 9244 7444 for a chat with one of our helpful, friendly staff about how we can help you.
It might not be as easy as it was for previous generations, but we firmly believe that young people today have all of the dedication, creativity and perseverance necessary to overcome the home ownership obstacles in front of them.
Posted by First Home Buyers Direct on 01 May 2018 | 0 comments
Back To Blog Entries