As house prices start to bounce back, saving for a deposit is no mean feat for home buyers entering the market for the first time. As seen on Your Domain, we take a look at how first-home buyers can more efficiently save for their deposit.
Distinguish between wants and needs
Saving for a deposit is as simple as weighing up income and expenditure. While income is often controlled by an employer, expenditure is where first-home buyers have the most control and should be scrutinising.