Serena61 wrote:
Its not about the 15 dollar profit now, its about what it can become, in five years time that properties income will fuel another and probably double what you pay today. I wished I had the money to do it at 19. Because at 19 I had the foresight you had, i even knew where I wanted to buy if i had the money, but commitments like…[Read more]

joehann wrote:
naledge – Only if you live in it for 6mnths in the first 12mnths from settlement.Have a read of the forum and if you've got a questions particular use the search feature.

Will do, thanks.

JacM wrote:
To get the homebuyers grant, you have to live in the property for a bit before you rent it.  6months I believe.Back to the…[Read more]

I have another quick question. If I was to get a home loan, instead of paying the deposit upfront, could I use the First Home Buyer’s Grant to cover the deposit?

Jamie M wrote:
Hi naledgeWelcome to the forum.Age is only a number.The bank doesn't care that you're 19. They care that you have a) A deposit to put towards the deal b) That you can pay the loanYour right about that $15 p.w profit not being worth it. It would be a waste of time. However, what if that $70k unit was worth $140k in 10 years time?…[Read more]

I thought I might as well add; the reason I’m doing this is because I need financial security. I grew up in a low income household. I don’t want that anymore. I want to be financially stable in the future, I want assets, investments that I can rely on. I want to have a comfortable life and a comfortable retirement, not living from one pay cheque…[Read more]