To all our readers, I hope you have enjoyed a Merry Christmas with family and friends.
I have recently read an article that points to difficult times ahead for Gen Y in being able to purchase a home of their own. Gen Y is often considered to be people born between the late 1970's and 1992.
The article published in the Daily Telegraph can be read here.......click link below
http://www.news.com.au/money/property/home-ownership-difficult-for-gen-y/story-e6frfmd0-1225812581808?from=public_rss
The article makes particlur reference to the fact that Gen Y's are failing the lenders job stability test and that 1 in 10 mortgage applications are being knocked back by the Banks. The article goes on to say "while it is not impossible for job hopping Gen Yers to get a loan, it is certyainly more difficult".
Given that the Banks are slowly tightening their lending criteria it is only going to get tougher to get a loan in the future. The Solicitors Property Centre have developed a Home Ownership Program for tenants who would love to own their own home. The Program is designed to help a tenant make the transition to home ownership with full guidance and support from a team of property lawyers that will "hold your hand" through the process.
For a free complimentary discussion to see whether the Home Ownership Program will suit your situation, contact Dean Carver at Solicitors Property Centre on (02) 9773 4550
Contact
Dean Carver
Solicitor
http://www.spc.net.au/
Please note that all comments are the opinion only of Dean Carver, and readers should obtain their own independent legal and financial advice that applies to their particular situation.
