Wednesday, November 2, 2022

First home buyer Brianna Lewis moved state, stopped her studies, all so she could buy a house

 Just to get into the housing market in a regional Australian city, 30-year-old Brianna Lewis faced a series of life-changing decisions.

First, she moved away from her hometown of Newcastle to take on a job at an architectural firm in Launceston in northern Tasmania.

"I had basically given up on the idea of ever owning a home in Newcastle. I'm a single woman on a part-time wage and still studying, so I realised it wasn't going to happen in the next 10 years," Ms Lewis said.

After working in Launceston for 12 months, she became eligible for the Tasmanian government's MyHome 30-year shared equity program, providing 30 per cent of the purchase price and a stake in any property price increase.

Read More: https://www.abc.net.au/news/2022-11-02/interest-rates-reducing-borrowing-capacity-of-first-home-buyers/101600976



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