Utility bills & job security are key concerns to new first homeowners

These are the findings from the Mortgage Choice 2012 Recent First Homeowner Survey of more than 900 Australian new first homeowners.

Almost one third of recent first homeowners (32%) said that increasing utility bills, and the impact Mortgage Choicethis may have on their ability to repay their home loan, was their greatest concern for 2012.

After utility bills, recent first homeowners were most concerned about job security, at 15% of respondents.

Mortgage Choice spokesperson Belinda Williamson said, “Soaring utility bills and fears of an economic slowdown have been big news this year and our research shows that recent first homeowners are, like many people, monitoring the situation very closely.” Ms Williamson commented, “In comparison to last year’s survey results, recent first homeowners have taken their time, with the majority saving longer for their deposit and more spending an increased amount of time looking for their ideal home.”

Read Full Story: Utility bills & job security are key concerns to new first homeowners

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