Australia’s first-home buyers urged to ‘go in with eyes wide open’ about future rate rises
by Jordyn Beazley from on (#5XVVN)
The good news is more places on offer in the first home guarantee scheme. The bad news could be higher mortgage repayments
Laura Valencic has never had the luxury of calling the bank of mum and dad" to help her buy a home.
After the federal government announced more places under the first home guarantee scheme in the budget, Valencic feels like she finally has an in. But she's wary of a potential pitfall in the future: will she be able to afford the mortgage repayments when interest rates rise?
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