First home buyers take out “super-sized” mortgages

By Jessica Stanic · 25 September 2009 · Locked

First Home Buyers Take a Big Risk

Low interest rates and government incentives are tempting first-time homebuyers to take on massive mortgages, but at what cost? Discover the shocking truth behind this growing trend.

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Summary

First home buyers have been taking out “super-sized” mortgages, spurred on by the Government’s cash incentives and low interest rates, according to new research.