Jimmy_041 wrote:Brodlach wrote:Just in this my son and his girlfriend are looking at getting a home, both 21 and have enough saved for a good deposit. Both retail workers, it’s ridiculous the amount the bank are offering them. No wonder people find themselves in financial trouble, no way would I allow them to get the amount they have been offered.
I’m guessing no dependence help’s however they would expect to have kids in the next 25 years
Have to say I find this surprising. (Not saying you're BS'ing)
I'm hearing multiple reports of credit contraction for everyone but especially young people
I was at a bank function last night - they are still using current rates + 3% buffer to check credit
I was surprised too. I asked to look at the offer.
I remember what I was offered when I bought my first home and the difference was remarkable.
They have a very healthy deposit which may have helped them.
Maybe what I think is a lot isn’t to others too but north of $500k for a first home buyer is a lot