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Hi Guys
I am looking in Melb to buy my first PPOR, just a cheap 2bd to reno and live in for 6mths or so… From my understanding I will get the FHOG $7000 (from Howard) and then $3000 (from Bracks, only in Vic) also…
Have to move in within 12mths then live in for at least 6mths…
I have to pay stamp duty I believe????
Cheers Sarah
Thank you Dazzliing for taking the time to respond…
Cost of Holding the property definately needs to be worked into the equation, to be honest didn’t really take that into account. (Learning very quickly using these forums).
All starting to make some sense to me now… So for the property to be CF+ their would need to be $$$$ left over after interest and yearly holding costs were paid????
Cheers
Sarah
I am 29 and looking to purchase a property for the first time sometime in the near future… To live in or investment, not sure yet???????????
At the moment I’m reading what I can and using these forums to help me make an educated decision when the time comes….
There is so much info out there and these forums are really helpful… I am looking at property from $40K to $250K all over Australia.
That is great that you are doing your homework early as it will only benefit you financially in the future…
Happy Learning
Sarah
Thanks Joshua
I am learning so much reading these forums and it’s great to see people like yourself sharing knowledge and tips…
The difference between success and failure is “knowledge” and there is so much information available my head is spinning although somewhat excited about the prospects of getting into the market.
Am going to see a broker this month to find out my options.
Have a great day
Sarah
Thank you so much Art for your detailed response. Discovering this website has been so helpful and it’s great to see everyone sharing their experiences and tips.
At the moment I am investigating all my options and reading everyday so hopefully I can make a good start in the the property market.
Unless I found myself an ‘out of this world’ +CF property do you think moving into a property for a yr (getting HO grant and saving G Gains) is a good idea. I work in the airline industry so getting good flatmates to help pay the mortgage isn’t a problem, especially if i purchased close to the airport.
I am living at home at the moment and saving like crazy for deposit and my only debt is a $28,000 personal loan, would u suggest I pay extra off my loan as well as saving for deposit or spend the next year paying off my loan first before buying.
Have a great day and thanks once again
Sarah
