Thanks for the advice.

I think its best to buy a IP first and miss the FHOG.
I want to get into property sooner rather than later and the only places i can afford are rural, which are pretty good investments anyway. But due to work i cant live their as its to far.

I guess things can change though in the next year, so ill keep reading and watch the market

I really appreciate all your comments guys !!!

Im now wondering if it would be a good idea to buy a property as soon as i can or waite a little longer and have a bigger deposit ?

Is now even a good time to buy, after reading the news i can see the property market isnt doing so well (overall),  am i better to waite atleast a year ?

Chris.

Im looking to buy in Melbourne my self, that is of now – things may change though. I want something for around 150k hopefully a house because i believe that the land value is worth more than the property itself and over time i like you would like to renovate.

My strategy would be to buy-hold all my propertys, because of the cashflow returns.

At the moment im just reading books on property and searching the web for usefull info about property, although next year i hope to start taking an added interest and starting inspecting propertys.

My plan would be to buy my first property over the next year, year an half and do my plumbing appreticship. As each year passes add one property to my assets. Finally start my own business and look after my propertys.

Does anyone have any other suggestions, that could help.

Any advice would be appreciated

Thank you to everyone that has taken interest to my situation all your advice has been fantastic ! Im only replying so late because i have been in bali for the past week and a half. I spoke to a plumber today and he wants me 2 work for the next 2 weeks for him, so im hoping that if i work hard enough ill get a job !!!

If anyone wants to contact me personally my email and msn is [email protected]

Francesca.

Would i be able to put the property under my mums name as if she is buying the property, but i just look after it and of course pay her the initial deposit, so that i dont loose my FHBG and in a couple of years once im reading by my second property live in for a short period and ask my mum to put the first property in my name ?

I believe this would be a good idea if it could work somehow because my mum has a fantastic credit history, our house is fully paid off, and it most cases she would pay a lower rate of interest, because as the bank see's it she is a lower risk customer.

My exspenses are low at the moment,  Ive only had to pay driving lessons and save extra money for Bali, although once i come back i will have to pay 150 a month insurance for a car, which will be a big problem. ( I Didnt buy a car im borrowing my mums, but shes on her P's to so insurance is alot higher than normal)

Francesco.

Well im not sure about Uni, im not even sure what i want to do when i leave school to be ohnest. At the moment im working hard i have about 4 jobs, unfortuantly most of my money has been spend on driving lessons and my trip to bali over the new year. I have these for jobs thought for work experience because i love working im just not sure what i want to do.

I would really love to start my own business but i think thats more of a long term goal, ive had some thought in plumbing but then again i think i can do better. At one stage i was thinking of working out in WA in the mines were i could earn some good money, spend nothing and purchace some property for example in bali.

My biggest problem at the moment is deciding what i wanna do once i leave school. I want to buy property as soon as possible because at the moment i believe the market is doing well especially melbourne.

once again i would like to thank you for your positive feedback and time.

Hi: Duckster & Scot no Mate.
I really apperciate what u have both said and the time that you have taken to try and help. Ive would be interested if you dont mind a short message on how you both started out. ( meaning if you have bought property how was it done ).