FHBs needing up to $59,033, including $25,733 in stamp duty, albeit with big differences across states

First home buyers on Australia’s eastern seaboard face huge barriers to entering the property market, a report by CoreLogic has revealed. House buyers in Sydney require $59,033 to provide a 5% deposit and cover stamp duty, whilst unit buyers required $52,733, the analysis by Cameron Kusher found. Kusher used 25th percentile of property prices in his analysis, as FHBs usually buy the cheaper homes in the market, but did not include lenders mortgage insurance costs. [ 212 more words ] http://ift.tt/2rBC5gr

First home buyers on Australia’s eastern seaboard face huge barriers to entering the property market, a report by CoreLogic has revealed. House buyers in Sydney require $59,033 to provide a 5% depo…

from http://ift.tt/2rBC5gr in LJ Gilland Real Estate Group