{"id":31920,"date":"2021-04-26T09:01:16","date_gmt":"2021-04-25T21:01:16","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31920"},"modified":"2021-04-26T09:02:45","modified_gmt":"2021-04-25T21:02:45","slug":"hidden-6k-cost-home-buyers-have-to-pay","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/hidden-6k-cost-home-buyers-have-to-pay\/","title":{"rendered":"\u2018Hidden\u2019 $6k cost home buyers have to pay"},"content":{"rendered":"

PHOTO: First-home buyers Kim Nguyen and Arnie Brabbs said their search for a home is getting expensive because they keep missing out. Picture: Toby Zerna Source: News Limited<\/em><\/span><\/strong><\/p>\n

First-home buyers<\/a> are being lumped with an extra $6300 in costs after already paying hefty deposits and stamp duty due to the soaring housing market, research shows.<\/p>\n

Frustrated first-home buyers are being lumped with thousands in hidden purchasing costs after already stretching their budgets to land a foot on the property ladder, a new study has found.<\/p>\n

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While most first-time buyers anticipated they will be up for stamp duty and home lenders\u2019 insurance \u2014 if they don\u2019t have a huge deposit \u2014 online comparison site Finder.com.au revealed more than half of first-time purchasers paid an average of $6353 in unanticipated expenses.<\/p>\n

The issue is first-time buyers are being repeatedly outbid for properties in the booming market, the research found.<\/p>\n

It means they are paying for multiple building and inspections for properties they didn\u2019t purchase, along with other unanticipated fees such as solicitor charges for reviewing contracts.<\/p>\n

Finder home loans expert Sarah Megginson said first-home buyers were discovering unexpected fees and expenses could pile up quickly.<\/p>\n<\/div>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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