First homebuyers set to surge

First homebuyers get ready, experts say conditions are right for a major surge — especially across South East Queensland.

The triple effects of affordability, good lending options and a retreat by investors were creating the right conditions for the next generation of buyers, according to First Home Buyer Buddy co-founder Daniel Baxter.

Mr Baxter, who’s had to double registration for his First Home Buyers Masterclass scheduled for Pimpama on February 28, said “a softening property market probably has a little to do with it, although Brisbane and the Gold Coast have come out almost unscathed compared to Sydney and Melbourne”.

“Investors are retreating to some extent so they now feel like they have less competition and maybe a little more choice,” he said.

“Property is still really affordable in these areas too, and you don’t have venture too far from the Gold Coast or Brisbane CBD to find a great house, apartments or land to build on. This is obviously extremely appealing for Millennials.”