PHOTO: First-home buyer Chelsea Newbery. ABC News
“Going into it, the prices were a bit of a shock,” Ms Newbery said.
Ms Newbery wanted a house so she could also be the owner of a block of land, with plenty of space.
But she was limited by her current budget to one-bedroom apartments.
It was a compromise she decided she was not willing to make, and she put off the planned real estate investment.
“It does put a dent in, when you originally planned to be buying,” she said.
Key points:
- Data shows most first homebuyers in Canberra typically take out a loan of $350,000
- Belconnen had the cheapest median house price as of January 2019
- Real estate agents said first homebuyers were increasingly less willing to compromise in order to purchase
READ MORE VIA ABC