Are Apartments A Good First Purchase?

It seems the typical journey as a first home buyer looks something like this:

• See some friends purchase a property.
• Check some calculators online, wondering what their deposit was and how much their repayments are.
• Speak with a mortgage broker to see if you could get finance.
• Get pre-approved.
• Start looking at properties and realise you likely can’t afford a house nearby.
• So you start looking around.
• You are then faced with the decision:
• Do I buy an apartment closer to the city, a unit a bit further out or a house on the fringe suburbs?

Welcome to How’s The Market, a podcast for First Home Buyers and Upgraders that gives you tips, tricks & up to date real estate information from on the ground.

Make sure to check out www.tomii.com.au to get access to our How's The Market blog and join the mailing list and we shall see you again in next week's episode!