With banks tightening their lending requirements and increasing the deposit required to purchase property, it is getting harder by the day for the first home buyer to get a foot in the market. In many parts of the country, prices rise faster than is possible to accumulate the deposit that the banks want.
Luckily, in this part of the country, property prices are reasonably steady and predictable, and there are many affordable options that are within reach of the first home buyer. Take for example this cute semi-detatched home in Salisbury North, South Australia. Raine & Horne Salisbury are presenting this property which features three bedrooms, a secure yard with undercover parking and landscaped gardens on a family sized block, in a nice location that is very convenient to public transport, schools and the swimming pool.
With an advertised price range of $179,000 to $189,000 , this presents a great opportunity to escape the rental trap. At current interest rates, if you were to purchase at the top price with just a 10% deposit, your repayments would still most likely be cheaper than renting a two bedroom flat in Mawson Lakes and most surrounding areas.
For a full description of this Salisbury North property situated at 33 Hunter Cres., view the listing on RealEstateView.
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