Forums / Property Investing / Help Needed! / Help getting onto the property ladder

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  • Profile photo of James SewellJames Sewell
    Participant
    @sewell
    Join Date: 2018
    Post Count: 1

    Hi,

    I need advise/help getting on the property ladder here in Australia (Gold Coast).

    I am looking to buy a house on the Gold Coast as I am renting at the moment, I have recently obtained permanent residency and have decided Australia is the place for me hence my need to now buy.

    I have little/no deposit to put down put have heard there are certain first time buyers and other creative schemes available.

    Looking to get the ball rolling ASAP.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,064

    Hiya

    You need to a) save a deposit and b) show evidence to a lender that you can service the loan you’re applying for.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: info@passgo.com.au

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,975

    Hi James

    Welcome to the forum and hope you enjoy your time with us.

    We work with a lot of First Home Buyers using a blended loan being a personal loan for the deposit & traditional finance for the balance of the purchase purchase.

    There are a couple of lenders that specialise in providing Gap Finance so as long as you have regular income and good stability in relation to residency it is certainly possible.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

Viewing 3 posts - 1 through 3 (of 3 total)

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