First home buyers have flooded the market since late 2019, and all of them are in search of cheap furniture that still stunts their personal style. First home buyers are usually overwhelmed with paperwork and real estate jargon. That’s why we’re connecting them with the best advice for buying cheap furniture. It’s one less thing to worry about, and more time to spend enjoying your new home.
Before we dive into the cheap furniture and style advice, let’s take a look at how and why the number of first home buyers has increased drastically since late 2019.
Huge increase in first home buyers in 2020 & 2021
The pandemic has a lot to do with the increase in first home buyers. Lured by incredibly low-interest rates and an increase in government support, first home buyers are venturing out into the world of real estate. Two major Australian mortgage brokers reported an increase in loan applications from first-time buyers. One broker, AFG, reported a 30% jump in total home loan applications in the last quarter of 2020 alone!
It’s awesome to see that first home buyers are empowered to make such a big decision amongst global uncertainty. It also seems to be a testament to the resilience of the Australian economy during these troubled times.
In case you haven’t heard of the government support for first home buyers, here are some key links:
Support for first home buyers across Australia
There are several financial incentives for first home buyers in Australia. There is government support available to first home buyers in every state. Click the following links to see the support available in Queensland, New South Wales, Victoria, South Australia, Australian Capital Territory, Western Australia, Northern Territory, and Tasmania.
The First Home Loan Deposit Scheme is also worth exploring. It is a popular government support measure for first home buyers across Australia. The Scheme helps eligible first home buyers secure a home loan with a deposit of as little as 5%. This is done by guaranteeing up to 15% of the value of the home and saving the buyers the multi-thousand-dollar cost of Lenders Mortgage Insurance. Be sure to check that the property price bracket of your home falls below the cap to be eligible.
Once first home buyers have the “boring” stuff out of the way, it’s time to start decorating and fitting out your home with stylish, functional furniture. If the budget is pretty tight, what with your deposit paid and repayments on the way, cheap furniture is the way to go. And fortunately, we know how to get cheap furniture that’s also stylish and durable.
How to get stylish cheap furniture fit for a first home
Everyone wants to live in a place that speaks to their personal style and makes them feel truly at home. All first home buyers hope they can find modern yet cheap furniture before they have to resort to overpriced flatpack beds and shoddy hand-me-downs. Luckily, there are loads of awesome resources for buying cheap furniture that doesn’t skimp on style and durability.
Many furniture retailers make themselves even more accessible by entering partnerships with “buy now, pay later” platforms. Depending on the platform, buyers can pay a fraction of the retail price on, say, a couch, and pay the rest off weekly or fortnightly! Depending on the platform, the time left to pay the balance is four or more weeks. This allows more time for pay to come in. Interest-free furniture awaits those who need to spread out the cost of furnishing a first home. No catch, just enjoy the new cheap furniture that suits your spaces!
When selecting cheap furniture for a first home, start with the basics. Create a list of must-have homewares that will make life more comfortable. Be sure to include every room of the new house on the list so that nothing is left empty.
Aussies love to spend time outdoors, too, and the backyard is just as important as the inside of the house. Deck out the yard with a functional and durable outdoor garden and barbecue supplies that every home entertainer needs. The really outdoorsy among us need to have the best camping supplies on hand, too! Although a first home is great, getting away from time to time is always necessary.
For first home buyers with hobbies like fitness or makeup and beauty, or with a burgeoning career as a freelancer, sourcing cheap gym equipment, health and beauty supplies, and home office necessities can be a pain. Be sure to shop around before settling on an item and prioritise the purchases accordingly.
First home buyers, what are you waiting for?
The sky’s the limit for first home buyers that shop smart. Interior design with cheap furniture is a great way to cut back on costs without compromising on comfort and style. A home is a person’s castle, their kingdom to style as their own. Make the space a sanctuary, a place to retreat to when the world gets a little bit too crazy.
Hopefully, with these great tips on how to find cheap furniture, first home buyers across Australia will be empowered to decorate their homes how they see fit! Cheap furniture for every space, style and occasion is just a click away.