The current landscape for first home buyers

Affordability coupled with reduced borrowing power has impacted first home buyers. Picture: Getty

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How first home buyers can soften these pressures

Set priorities and goals

Live within your means

Manage debts

Credit cards are a factor when going for a home loan - reduce debt or even get rid of them. Picture: Getty

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Look into government initiatives

Engage professionals and get pre-approval

Meeting with a lender allows you to assess exactly where you stand financially. Picture: Getty

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Stay informed

Disclaimer: This content has been prepared by REA Group Ltd and contains general information only.  It is not intended to be relied on as advice.  The information provided  does not take into account your objectives, financial situation, or needs. You should seek your own legal, financial, taxation or other professional advice before you make any decisions.

^ For information about eligibility, see: First Home Owner Grant