I just wanted to say well done on your first IP. I applaud you and all the other young investers on the forum for starting to invest at your age. Whilst most other young people are buying cars, hunting the opposite sex, and boozing.
Keep the ball rolling and you will be able to do what they are doing in the future with more wisdom, more money, and…[Read more]

loungeact,
I am only new to all of this but if you and your mother have a small income why not join forces and buy a house together you can still apply for FHOG just have house in your name but loan in both names. double check that incase application has changed.then you can continue maybe with IP.Why not involve her instead of charging her as I…[Read more]

Thanks all,
I think using a mortgage broker is definately the way to go but great to know it can be done.
Mining towns are definately not the best place to start,harder to get finance,sometimes harder to sell, have to have a enter exit plan,and cross fingers it works.

thanks for your time

HI guys
Like prady I am looking for answers myself as a first timer.We are looking to buy in a mining town as rents are hi and buying is decent.We have 5% deposit plus stamp duty etc.and can have 10% soon plus eligable for FHOG however our local bank are unable to help us without 20% deposit due to not having 6 months consecutive savings due to…[Read more]