News

Taking the plunge

Alice Hodgkinson (with her daughter Piper Lloyd) is ready to open the door to her own home.
Alice Hodgkinson (with her daughter Piper Lloyd) is ready to open the door to her own home. Candyce Braithwaite

AT 19-years-old Alice Hodgkinson is already fed up with the rental market and is getting ready to buy her first home.

With her fiancé by her side, she is trying to save enough money for a deposit.

New research recently has revealed that Generation Y is more confident about buying a house and is ready to take the plunge into the market.

Latest CBA/Mortgage and Finance Association of Australian research found current high rents meant two-thirds of first-time home buyers were re-evaluating the trade-off between renting and buying.

For Miss Hodgkinson the decision is easy.

She's been renting for three years and decided she wanted to stop paying off someone else's home.

"Over the last three years I feel like I have thrown away a lot of money," Miss Hodgkinson said.

"I would feel much more comfortable about putting the money towards my own home.

"My fiancé and I would be able to afford the repayments, it's just being able to save for the deposit that's hard."

Helen Harm, of Helen Harm Real Estate, said Generation Y needed to seek professional financial advice before driving into the market.

"I think it's important for Generation Y to sit down with a professional and discuss the costs of purchasing a home," Mrs Harm said.

"It's not just as easy as finding a home you like and signing the paperwork.

"First of all they need to think about the deposit, it's 10% of the cost of the home, then they need to think about rates and insurance."

Mrs Harm said Generation Y needed to experience the real world before deciding to buy their own homes.

Topics:  property market



Science Festival seriously awesome

CALLING everyone who wants to see, hear and be a part of something totally cool: this is where you need to be this March.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Is Brisbane the new arts and culture capital?

Check out GOMA's latest exhibition - it's all about hair! GOMA 10 Ambassador Patience Hodgson visits Nervescape V 2016 by Icelandic artist Hrafnhildur Arnardóttir (aka Shoplifter), commissioned for ‘Sugar Spin: you, me, art and everything’ at the Gallery of Modern Art, Brisbane. 
Photograph: Natasha Harth, QAGOMA

THE rest of the world should be envious of this line-up!

REVEALED: The Warwick school with the best OP scores

Scots PGC had the second most graduate with OPs between one and five, with six of their students in the highest band.

A WARWICK highschool has helped more students achieve better OPs.

Elite rams on offer at Inglewood auction

TOP FLOCK: A range of breeds of high quality rams will be on offer at the Inglewood Showgrounds this Friday.

Strong offerings from from regional stud breeders

Local Partners

A selfless nan's plea for a helping hand

A GRANDMOTHER caring for her five young grandchildren is struggling after her seven-seater vehicle broke down and proved too expensive to fix.


Lions to lob in at Warwick Redbacks sign-on tomorrow

Sabrina Frederick-Traub, of Brisbane Lions (centre) will be in Warwick tomorrow to help the juniors.

Brisbane Lions ready to meet aspiring Warwick Aussie rules players

Elite rams on offer at Inglewood auction

TOP FLOCK: A range of breeds of high quality rams will be on offer at the Inglewood Showgrounds this Friday.

Strong offerings from from regional stud breeders

Drags will pit mates against each other

Racer Andrew Lange.

Drag racing on today at Warwick Dragway

MOVIE REVIEW: Matt Damon's The Great Wall gets lost

The Great Wall feels about as artisanal as a fortune cookie. Its underlying message is just as trite.

Paul Murray listens to regions

Paul Murray is taking his Sky News show on the road to shine a spotlight on regional Australia.

Radio broadcaster wants viewers to 'turn up and fire up'

Why Hollywood’s siding with Brad Pitt over Angelina Jolie

Jolie may have the kids, but Pitt has custody of Hollywood

Tensions high at pointy end of MKR's round two

Things are really heating up on My Kitchen Rules.

Games are being played around the My Kitchen Rules table

Jungle Jay sent packing from I'm a Celebrity

I'm A Celebrity ... Get Me Out Here! contestant Jay Laga'aia with Keira.

BIG friendly giant Jay Laga'aia has been eliminated from I'm A Celeb

Carson Kressley brings 'camp' to I'm a Celebrity jungle

"I am not all Park Avenue and daffodils” ... Carson Kressley.

Meet the "campest” campmate to star on I'm a Celebrity.

Star Wars: The Last Jedi mystery already solved

FILE- This undated file photo provided by Disney shows Daisey Ridley as Rey, left, and John Boyega as Finn, in a scene from the film, \"Star Wars: The Force Awakens.\" Hasbro said it is changing its Star Wars Monopoly set after an 8-year-old girl became upset that Rey, the movie's female heroine, was not included as a figure along with Darth Vader and Kylo Ren. (Disney/Lucasfilm via AP, File) MANDATORY CREDIT

A key mystery surrounding the title of episode eight has been solved

Expert: Why renters, home buyers may struggle

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Massive seaside development of 3200 lots

DESIRABLE LIFESTYLE: The masterplan for the proposed Elliott Heads Estate.

"There's nothing else left along the coastline of Queensland now"

Potential home buyers punished for doing the 'right thing'

Should I go to university or buy a house?

50 more high rise buildings planned for Brisbane CBD

Height limits have been scrapped for Brisbane CBD

800,000 more people expected to work in city over next 20 years

New suburb in the crosshairs of Coast vandals

UNDER WRAPS: Graffiti on art installations at the entrance to the newly opened Bells Creek Arterial Road has been covered up.

Vandal rechristens Stockland as something less than complimentary

Ready to SELL your property?

Post Your Ad Here!