The thought of buying a house for the first time may seem daunting, but Aussie Living Homes proves that even if you’re young – and even if you’re single – being a homeowner isn’t just a distant dream, it’s a reality that is well within your reach.
For years us millennials have been told that we are the culprit behind our own problems when it comes to buying a first home. Either we’re at brunch eating expensive avocado toast too often, or we’re tossing our hard-earned savings on apparent frivolities that older generations deem unnecessary.
Well, that time is now over. We’re not lazy, entitled, or bad with money – in fact, Aussie Living Homes are noticing that our generation is doing something a bit different…we’re buying homes all by ourselves. That’s right, there’s a trend of single people buying homes, and that means that we’re closer than ever to ending that horrible relationship with our landlords and becoming king of the castle ourself.
In the last twelve months, Aussie Living Homes has noticed that there has been a rise in single people buying homes, totalling to just over 55% of their clientele. The Australian Institute of Family Studies predicts that by 2026 single-person households will be more the norm than the typical nuclear family, and the ABS reckons that single-person households will rise to account for 65% of homeowners by 2036.
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So, how are these singletons buying their first home? Well, the Perth home builders have created an easy path to becoming a homeowner by simply recognising that the ‘traditional’ lifestyle that our parents are used to isn’t the norm anymore, and they’re providing a range of home designs and financial options to suit young applicants keen to escape the endless renting.
By this point, your thoughts are probably drifting to the fact that you’ve got less than that ever-desirable 20% deposit in your bank account, right? With Aussie Living Homes, deposits of that size are way overshooting their modest $3k requirement. And, if you’re a single parent looking for a home of your own, the new government scheme will let you move into your new home with only a 2% deposit – how doable!
With the use of their in-house finance brokers, the professional team is leading single residents through their savings plans, and show them the way ahead with understanding their budget in order to qualify for a new home. Through Keystart, a Western Australian Government initiative that provides low deposit home loans with no Lenders Mortgage Insurance (LMI) to West Aussies, Aussie Living Homes aims to get future homeowners into their homes sooner.
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General Manager Anthony Staltari states that Aussie Living Home’s mission is to make sure all young Aussies realise that buying their first home isn’t impossible, and they’re seeing the trend of single clients as a remarkable achievement:
“It has never been harder for first home buyers to enter the property market. Living through a global pandemic, job instability and uncertainty, escalating rents, low rental vacancy rates and soaring established home prices, we can see their pain as they are losing hope of this dream becoming a reality,” he explains. “As a result, we are focusing on partnering with our clients and finding a way to make own home ownership possible.”
And, what are these snazzy houses like? Well, they’ve also got a massive range of home designs and land packages to fit your needs starting from $239* a week, so you’re not just getting your first home, but you’re buying a home that perfectly suits your lifestyle. Whether you’re after a bedroom for you and a spare, or are keen to have a home gym and a home office, they’ve got it all!
So, with all that in mind, quit wallowing in the sadness and frustration that has been put on us by the older generations, and know that homeownership is beyond possible, especially with the help of Aussie Living Homes.
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*terms and conditions and eligibility criteria apply. Visit aussielivinghomes.com.au
