All Topics / Buy, Swap & Sell / New Home buyer

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of gurpreetc75gurpreetc75
    Participant
    @gurpreetc75
    Join Date: 2022
    Post Count: 0

    Hi

    i am currently living on rental. I don’t have any assets. Working fulltime. My wife works part time.

    Should i buy property using first home scheme or go for investment property.

    i have only saved 5% deposits so far.

    what are my options?pls guide me

    Thank you

    gurpreetc75

    Newcomer

    Benny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416

    Hi Gurpreetc,

    The link posted here might provide some thoughts around the subject:-

    https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697967

    This takes you to the “Big Picture” thread, then click on the next link seen in that post.   You may wish to check out more of “The Big Picture” too, so scroll through it (further up that page is the Index that tells you what other posts are in the thread.

    You mention having a 5% deposit, but for what price house?  See, a 5% deposit for a $1m house might allow you to buy TWO $500k houses.  But then the deposit you have is just one small part of the whole buying process.  First off, check out the above link, to see if that way suits you.  As stated, though buying an investment first is ideal from a financial point of view, it may not be preferential from an emotional or family point of view.

    Benny

    Profile photo of gurpreetc75gurpreetc75
    Participant
    @gurpreetc75
    Join Date: 2022
    Post Count: 0

    Thanks Benny

    Me and My partner been looking for property worth 650k. We don’t have big deposit and wondering should we take advantage of 5% of mortgage deal by govt to enter into the property market or we have another option of IP ?

    with regards

    Gurpreet

    gurpreetc75

    Newcomer

    Profile photo of JamesbillsJamesbills
    Participant
    @jamesbills
    Join Date: 2022
    Post Count: 0

    Hi everyone,  want to buy new home in Melbourne, Can Help me to recommend a reliable Property Investment advisor, Thanks in Advance :)))

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.