Top Ways To Buy A House In Your Early 20’s

Top Ways To Buy A House In Your Early 20’s

The Australian dream is a common notion across many countries, the principle is that purchasing your own home leads to a better standard of living today and in the future. Part of this is because it helps to create financial freedom. The rest is the security offered by owning your own property.

However, the average house price in Australia has been rising for many years, despite occasional dips in pricing, it is increasingly difficult to afford a property. This is especially true if you are looking to buy for the first time and are still in your twenties.

Fortunately, there are still several things you can do to get the house you’re dreaming of. 

Win The Lottery

This isn’t going to be an option for everyone as not everyone can win the lottery. However, if you enter you have a chance of winning and that’s better than no chance. 

It’s not just the main lottery you need to consider, there are some excellent other options, such as the home lottery. This allows you to win a stunning beachside home and help the Surf Life Saving Foundation. 

It may not be the answer for everyone but it’s still worth a shot. 

Check For Government Grants

If you’re buying for the first time then it’s worth taking a look at what government grants are available. In many states, you’ll find aid with your deposit or fixed mortgage deals that can make the purchasing process more affordable.

Check with your local state to see what help they can offer and make the most of it.

It is also worth looking around the mortgage companies, some will offer more favourable deals simply because you’re a first-time buyer. 

Build Your Own

It may seem like an impractical option but building your own home offers an array of benefits. While designing the layout and even choosing the location is fun, the real attractiveness is the payment terms.

It’s debatable whether building your own is cheaper than buying. However, to build a home you can borrow the money in stages, reducing your need for financial aid and helping to spread the cost. 

You can save further money by doing the actual build yourself but this is not the best choice for everyone as it can be time-consuming. 

Go Tiny

Don’t forget, tiny houses are becoming increasingly popular with good reason. They offer you independence, are cheap to build and can be created almost anywhere. 

It may not be your dream home but it can be a good stepping stone onto the market, allowing you to go bigger in the future. 


Of course, regardless of what grants are available, how good the mortgage deal is, or even if you decide to build your own, the truth is that you need money. The earlier you start saving the greater your pot will be and the easier you’ll find it to pay a deposit or secure funding. 

It doesn’t take a lot, simply start saving what you can today.

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Top Ways To Buy A House In Your Early 20’s