The housing crisis has become so dire for first-home buyers – and is expected to worsen – that Adelaide industry experts are uniting to help them get a foot on the property ladder.
Nine local property, finance, building and insurance specialists will gather at Glenelg Football Club later this month for a free event designed to help househunters feel more knowledgeable and confident to buy their first home.
With changes to the Government’s First Home Guarantee allowing first-timers access to five per cent deposits from October 1, already strong competition is expected to get fiercer.
Mortgage broker and Broker That founder Ami Reynolds said the information session would hopefully make the process of buying less daunting.
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A free session for first-home buyers will give them an opportunity to ask industry experts any burning questions about the buying process.
“Buying your first home is meant to be exciting – but it can also be confusing and overwhelming,” she said.
“We created this event to simplify the process and bring all the right people together in one room, so buyers can ask questions without pressure and actually enjoy the journey.”
Selling SA Homes director Ashley Williams said she had seen first-hand how tough negotiations could be over the past few years.
“First home buyers need guidance – not pressure,” she said.
“This event is about showing them they’re not alone, and that they can do this with the right team beside them.”
Mindset Property director Peter Theodorou said it was a tough time for first-home buyers as there was limited supply and limited capacity to negotiate.
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The event will be held on October 26.
“That’s why it’s so important to know how to ask the right questions, understand
market value and read between the lines – not just rely on price guides,” he said.
The session will cover more than just buying.
Building and how it can unlock stamp duty concessions, the importance of getting building and pest inspections, and tips to protect yourself financially once you own are among some of the topics that will be covered.
The event will be held from 1pm to 3pm on October 26 and is limited to just 50 people so those interested need to register here.
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