I find that http://www.realestate.com.au is a good site to work out the cost of a property and what you would get for rental income. Work on a few scenarios in a few different locations.
Then find out how much a lender will lend you at the going rates, not at the inflated rates as you are both young and with casual jobs.
Also look at the repayments on…[Read more]

Hi Brett,

I believe that you need to be living in the house to qualify for the home owners grant and also to get a benefit in relation to the stamp duty.

It is good to see that you are thinking of investing rather than blowing your money. Make sure you do spend some money on yourself though and don’t miss out on some of the good things your age…[Read more]

Personally, I believe that you get good and bad returns in both shares and property. The trick is to be able to ride the bad times and not have to sell. I have made good money in both shares and houses.
Bought a House at $108K and sold for $285 7 years later with only $20K work done
Bought a Unit for $55K and sold for $160 7 years later with no…[Read more]