Although appetite for buying houses has scarcely ever been stronger, there are often problems for young people with learning about mortgages, deposits and other issues surrounding stepping onto the ladder.
The Real Estate Buyer’s Agents Association of Australia said that there are now more people seeking out buyer's advocates, who help young people research, plan, bid, negotiate and finalise a house purchase, all for a set fee.
“We’re seeing a demand from the general public wanting to have more of a competitive edge in the current climate,” a spokesman for the Real Estate Buyer’s Agents Association of Australia told The Australian.
Australian Property Monitors senior economist Andrew Wilson agreed, saying that it has become far easier to sell than buy on the current market, meaning that many young people do need this sort of help to get onto the ladder.
Posted by Ravin Chatlani