man with contract

Most people dream of owning their own home at some point in their lives, as it is the ultimate symbol of financial freedom and security. In addition, you won’t have to worry about landlords or getting forcibly evicted since you own the place, allowing you to decorate and renovate as you see fit. However, it can be challenging to determine if you are ready to buy your first home, especially when you aren’t sure if you can afford it.


Fortunately, the market may be at your advantage in 2021. Australians have been purchasing properties left and right due to favourable conditions, with housing finance more affordable than ever and interest rates at an all-new low. Government concessions and schemes have also been implemented to facilitate the home buying process for first-time buyers. So if you’ve been considering buying your first home, this year may be the year to do it.


Here are four reasons to consider buying a home in 2021:


  • Interest Rates Are the Lowest They’ve Ever Been


One of the most important factors to consider when purchasing a home is the financing options available to you. Home loans help you afford your dream home, and interest rates can make them even more expensive than they already are. The good news is that interest rates are now lower than they’ve ever been and are likely to stay that way for the foreseeable future. You’ll get to save thousands of dollars in interest rates, so now is the best time to start house hunting.


  • Government Incentives Make Home Buying More Affordable


Another reason to consider purchasing a home this year is the newly implemented government schemes and incentives to make the process easier than ever before. You’ll have even more options that will make the property market more accessible, ensuring you get to buy a home that’s perfect for you and your needs. There are also schemes for first time home buyers in Sydney, so be sure to research these projects and determine if you can apply for them.


  • It Can Be Cheaper to Buy Than Rent


People often prefer to rent homes than to buy them because they’re usually more affordable. However, another compelling reason to consider homeownership instead of renting is that, depending on the location, it can be cheaper to buy a home. According to Aussie’s Buy vs Rent report, almost 60 per cent of suburbs in the country have properties where it is cheaper to pay a home loan than to pay rent. This news is excellent for first time home buyers, as they can ultimately save more money in the long run by opting to purchase a home instead of renting. You can also learn more about affordable places by getting in touch with the best mortgage brokers near you, who know how to match you to areas with your preferred budget.


  • Mortgage Brokers in Sydney Can Help You


Regardless of the different schemes, incentives, and other aspects that make it more favourable to buy a home, the process of finding the right options is often dizzying. Luckily, finding the best mortgage consultant in Sydney can help you make sense of all the options and find more opportunities to save on your home loan. They can also negotiate on your behalf for a better home loan deal while taking the inconvenience and complexity out of the process.




There’s never been a better time to buy a home than today. With all these reasons to buy a home, you’ll enjoy more savings and have a place to call your own without spending as much as you would on rent. It’ll also be less complicated to find the right home loan for your needs, making 2021 the perfect time to buy your first home.


Wealthy You is an Australian mortgage company offering the best home loans in Sydney. As an alternative lending specialist, we make financing your home simple through our flexible and affordable financing options. Contact us today to learn more about how we can help you afford your dream home!