First home buyers are struggling to keep up with rising property prices and a need for larger home deposits. For a 20% deposit on a median house in Sydney, home buyers will need $80,000 more compared to last year.
Our principal Michael spoke about this deposit gap and how it has affected buyers’ plans with Sydney Morning Herald. Check out the article here for more information.
Michael began his career in the finance industry over 35 years ago. He progressed through the ranks at the CBA in both retail and corporate lending, culminating in a senior position as a Corporate Relationship Executive. His decision to leave the bank in 2003 to become an independent mortgage broker was driven by his desire to assist everyday customers break through the jargon of the banking world and access the best loan products in the market. His experience is wide-ranging from helping first time buyers to large commercial enterprises. What Michael doesn’t know about home loans, simply isn’t worth knowing!