Cutting edge strategies give first home buyers a competitive advantage

Expert Dr. Enticott advises on buying your first home in 2025, highlighting costs, grants, and logical decision-making.

In Short

Dr. Steve Enticott offers guidance for first-time homebuyers in 2025, highlighting the importance of careful planning, understanding costs, and exploring options like rent vesting and government grants. He emphasises the need for thorough research and expert advice to successfully navigate the property market.

Buying a Home in 2025? Here’s What Young Professionals Must Know!

With the housing market evolving, young professionals looking to buy their first home in 2025 must navigate rising prices, deposit requirements, and hidden costs. Is this the right year to take the leap into homeownership? Here’s what buyers need to know.

Is 2025 a Good Time to Buy?

Long term market trends show steady home price growth over time, but interest rates and government incentives could make 2025 an attractive time to buy. Experts advise researching local markets to find the best deals while taking advantage of first-home buyer grants and subsidies where available.

How Much Deposit Do You Really Need?

While a 20% deposit is ideal to avoid lenders’ mortgage insurance (LMI), many lenders now offer home loans with as little as 5% down. Some government-backed schemes may even allow first-time buyers to enter the market with reduced upfront costs.

The Hidden Costs of Buying Property

Beyond the deposit, buyers should budget for stamp duty, legal fees, inspections, and ongoing maintenance. These costs can add thousands to the final price, making it essential to plan ahead.

Should You Rentvest Instead?

For those priced out of their desired location, ‘rentvesting’—renting where you live while buying an investment property elsewhere—has become a popular strategy. This approach allows young professionals to get on the property ladder without sacrificing lifestyle or location preferences.

With strategic planning and research, 2025 could be the perfect time for young buyers to secure their first home or investment property.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

Find out more at CIA Tax