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  • Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    Hi wisepearl I've PMed you my recommendations a while back too and haven't received a copy of your list. :)

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    First home owners grant

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    Here's my 2 cents worth. I bought my first home in partnership with the Government and I only had $2000. I believe these are still available. How they work is the gov gives you an equity loan which means you will own approx 67% and the gov will own 33%. When you make payments to pay your mortgage, you only pay the amount associated with your 67%. When you put value into that property, you send the paid invoices to the Gov department and they will pay for their share = 33%. You are still entitled to the FHOG too! When you sell your house, the equity loan gets paid out first and then the rest is split = 67% portion goes to you and 33% portion goes to the Gov.

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    I think you will have to get a loan to buy half of what the value is today. I don't think the FHOG is available for this. I might be wrong. Maybe someone more knowledgable can give you better info.

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    I live in the Armadale area and I'm looking at buying in a 6k radius from Gosnells, Camillo, Kelmscott and Armadale. The best would be something closer to Kelmscott as that area is growing fast after Kelmscott I would probably choose Gosnells. The crime rate here in Armadale is no different to most areas and in my opinion Rockingham is worse! I've seen some terrible tenants in some of the houses I've looked at as they have not done anything to clean the place up for inspections etc and some really good tenants too. If the tenants are screened properly you should be able to sift out the bad one's.  Rents in the above areas are roughly between $300 and $350.

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    Hmmm strange…My email tells me I have a new post in this topic but there's no new post here!

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    Do a search in your choice of suburb and see what happens!

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    Fantastic idea! May I please have a copy of your list. I have sent you a private message with a few more to add to your list.

    Profile photo of sevilleseville
    Member
    @seville
    Join Date: 2012
    Post Count: 12

    Thank you for the replies! I have sent an email to [email protected]

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