'Mortgage mates' new breed of homeowners
22/06/08 16:06
MANY Queensland first home buyers have become "mortgage mates" - the new property industry term for friends and family members who team up to beat soaring house prices and interest rates.
Low housing affordability has created a new crop of first-time property buyers in partnership with siblings, friends and colleagues to share the financial burden of ownership, the Real Estate Institute of Queensland says.
Institute managing director Dan Molloy said the number of first home buyers had dropped over the past year but many had used creative techniques to enter the market.
Click here for full story
Low housing affordability has created a new crop of first-time property buyers in partnership with siblings, friends and colleagues to share the financial burden of ownership, the Real Estate Institute of Queensland says.
Institute managing director Dan Molloy said the number of first home buyers had dropped over the past year but many had used creative techniques to enter the market.
Click here for full story