What Type of Buyer Are You in Hampton Park?
Home buyers in Melbourne are categorized into three groups depending on the sales volume: First Home Buyers: Those who are going to buy a home for the first time. Relocator (upgrader or downgrader): Those who want to move to a bigger home or a smaller home. Investor: Those who want to earn returns through a home. First-Home Buyers (FHB) These are the people who look for a home; an entry-level. These can be anyone; a young couple looking forward to settling and having a family. Or youngsters leaving their parent’s home. However, first home buyers in Melbourne are not just limited to the above-described people, there can be people who never owned a home in life but would want to buy in the later stage of life. Irrespective of the category you fall into as a first-home buyer, the process of buying a home stays the same. Generally, the first-home buyers buy at sub-median prices. Such buyers are said to have minimal assets and limited capital....