We are in our 40's and havent been in the first home buyers/low end of the market for years, so have had no reason to look into this area.
Our son who is 19 is starting to save for his first home and hopefully have his deposit by the end of this year. He will be renting it out for a few years as he works away and it seems ridiculous for him to live out of home when he works away and is only home for 17 weeks of the year.
I have started looking for him and was floored by what you get in the first home buyers market.
300k your lucky if you can find anything. I was thinking just a little unit or a 2 bed villa. As my dad says you must crawl before you walk. So i started looking at building. The build doesnt seem too bad but the price of land! Nothing under 200k.
No wonder our youngies are screaming.
I knew things had gone up but this is amazing. I suppose i should have realised when we sold our 3bed townhouse for just under 700k.