Channel 9 News Real Estate Report

Here is a bit of a summary of Channel 9 News housing report of a few days ago.

It is hard to know who to listen to when it comes to taking on a long term loan.  This is all the more reason to have a decent deposit, though it is such a temptation to just go a bit beyond your comfort zone on some of the features offered. Question "are those features necessary"?  "at what cost do these extras cost over the term of the load"?  Topics discussed in the News items:

• Best performing housing market in the country added almost 30 per cent to its property prices....
• A new benchmark in energy-efficient housing is coming to Queensland...
• Queensland pensioners demanding government action on 'unfair' lifestyle village rent price hikes....
• A new benchmark in energy-efficient housing is coming to Queensland ... Providers believe this could be the future of new homes in Australia...

These are not new subjects as they have been floating around for years.  If you are looking at your first home purchase Chapter 6 has some good tips, and Chapter 4 has some budgeting tips to help get the initial deposit together. Make a plan; I know it is easy to give up!