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Thanks for your advice guys. The idea to rent out my apartment to someone else had been going through my head for a while. Bu tone crucial thing Iforgot was that the interest on my loan then becomes tax deductable. I have to live in the apartment for 6 months so I get my stamp duty concession and first homebuyers grant but after that I think you have just convinced me to rent it out.
Thanks heaps [exhappy]
Hi.
A few of the others have already mentioned this but I think it is important to say i again. If you want something go and get it. I’ve just turned 22. I’m not an invester as yet, i’m just starting out, but I have bought my first place.
Your right, property prices are going up and up and you do seem to be chasing your tail trying to save a deposit. I won’t tell you what you need to do, i’ll just tell you what I did.
I worked, I saved. that wasn’t working so I got a second job, and worked and saved. It was still taking longer than I wanted so I applied for higher paying jobs and kept applying until I got what I wanted.
While my friends were out partying and getting expensive cars, I worked my butt off to buy my first place.
Make a choice, and follow through with it.
