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I am in the investigation stage at the moment which leads me back to my financial situation. I dont want to get ahead of myself and realise that i cant afford/dont have the equity to buy my first home. My other point is that i am still living at home with the parents and do not have equity in my own home. The upside is i dont have any committments other than a car payment which will be paid off in the next 6-12 months i hope.
If i was to buy i was looking in the area of Newcastle or surrounds. I note there is a F3 freeway extension leading straight to Kurri Kurri and this looks like it may drive prices up in the area. Maybe a reno strategy in this area might be an idea? Depending on purchase price though
Hi All,
I would like to invest in property but have little in collateral or cash. I have a relatively small managed fund investment. It seems that the assumption is that to begin the investment cycle you need a decent amount of cash/collateral behind you.
Is there a way that people like me can start the investment cycle without alot of cash/deposit?
Looking forward to your reply
