HEY GUYS! HAPPY NEW YEAR TO U ALL
WELL I AM 22, HAVE UNDER 15K SAVED FOR DEPOSIT BUT DONT KNOW WHETHER TO BUY IN BRISBANE OR NOT (I LIVE HERE) WANT TO BUY A Q’LANDER AND RENOVATE. HAVE SEEN AN OLDER STYLE HOM IN BUNDABERG FOR $147k WOULD THIS BE A GOOD CF PROP OR NOT? WOULD IT BE BEST TO BUY IN BRIS? OR OUT OF TOWN, ? IF SO, HOW WOULD I FIND OUT WHAT THE GROWTH IS LIKE IN BUNDABERG, EG PEOPLE GROWTH , WOULD PLCE HAVE TROUBLE GETTING A TENANT? ALL ADVISE IS WELCOME, INCLUDING ANYTHING FINANCIAL, ABOUT DEPOSITM, RENOVATION, ETC THNKS AND LOOK FORWD TO RESPONS. I AM VERY KEEN TO BUY SOMETHIGN THIS YEAR,..PS DO I HAVE ENOGH DEPOSIT TO START LOOKING TO BUY??? THANKS AGAINAs this will be you first property if you purchase a place to live in you will be entitled to First Homes Owners Grant of $7,000-.
If you are a first home buyer in Qld and the property is to be owner occupied you will not have to pay stamp duty.
For a $147,000- property investment in QLd you stamp duty would be around $3,900.
Do you have stable employment history?
Also if you sign any Real Estate Contract always put “A Subject to Finance ” clause to safeguard yourself.
Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
Dear Kwilko,
Thanks so much for ur advice! That was great to hear back so soon!
Do you think I have enough deposit to start looking to buy a house? I am working full time for the QLD Govt. Iam on a contract but my job is going to go permanent next month.do u think it would be wise tolook at buying the property in bundaberg @ 147K despite having to pay stamp duty? or would it be better to look for something where i live? (brisbane)?
if i buy a preloved home is the grant $7000, is it still any more if u buy a new home?
I would look forward to hearing bak from you soon,
thanks again, Mcubed
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