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Is it really hard to buy a home? The truth about home ownership.

Posted by Mark Attard on 8 July 2025
Is it really hard to buy a home? The truth about home ownership.

Buying a home is a dream for many Australians, and while it can seem challenging, it’s definitely achievable with the right approach. At FinancePath, we’re here to help you navigate the process and turn your dream into reality.

1. High property prices? No problem!

Yes, property prices can be high, especially in cities like Sydney and Melbourne. For example, the median house price in Sydney is approximately 70% higher than in Melbourne, with a difference of over $600,000. But with careful planning and saving, you can build a deposit. Plus, there are many affordable options in beautiful regional areas that offer a fantastic lifestyle.

2. Competition? Bring it on!

While competition can be tough, being prepared gives you an edge. The Australian property market often sees fierce competition, especially in desirable areas. Get pre-approved for a loan, know your budget, and act quickly when you find the right property. With the right strategy, you can secure your dream home.

3. Lending rules? You’ve got this!

Banks have strict lending criteria, but with a stable income and good financial habits, you can meet these requirements. For instance, most lenders in Australia require a minimum credit score of 620 for a standard home loan. And remember, FinancePath is here to guide you through the process and help you present the best possible application.

4. Interest rates? Stay informed!

Interest rates may rise, but staying informed and working with a mortgage adviser can help you find the best deals. Locking in a fixed rate can provide stability and peace of mind.

5. Government support? Absolutely!

There are fantastic government programs designed to help you. The First Home Guarantee, Regional First Home Buyer Guarantee, and Family Home Guarantee offer lower deposit requirements and other benefits to make home ownership more accessible.

6. Expert guidance? We’re here for you!

Navigating the home buying process is easier with expert help. At FinancePath, we provide tailored advice, access to a wide range of loan products, and support every step of the way.

Buying a home in Australia is within your reach.

With the right strategies, government support, and expert guidance, you can overcome any obstacles and achieve your dream of home ownership.

Contact us today to start your journey!

Mark AttardAuthor:Mark Attard
About: With more than 15-years experience in the finance and property industry, now it’s time to grow our business even further. So that we can help you - no matter what stage of life you’re at or where in Australia you live.
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Tags:Buying a houseInterest ratesgovernment grantshome buying