Buyers have a sporting chance, but not a home run

First homebuyers need to do their homework. (Image: Getty)

Thu, 16 Jun 2022

First homebuyers have been howling from the sidelines of the housing market for years, pleading to catch a break as prices ratchet up ever higher. So, now that the housing market is cooling and lending laws are being eased, is it finally the first homebuyer’s time to shine? Yes, but it still won’t be a cakewalk. The Credit Contracts and Consumer Finance Act (CCCFA) changes in December were the final insult that led to a swift backlash against politicians. Originally, the legislation was welcomed as a much-needed...

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