All Topics / Help Needed! / First home suggestions

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  • Profile photo of WauloKWauloK
    Member
    @waulok
    Join Date: 2003
    Post Count: 29

    Howdy.
    I’ve recently moved up to the Gold Coast from Sydney. My wife will soon be back in the work-force part-time and we don’t want to pay rent any more.

    What suggestions do you have for looking for our first home (neither of us has had a home before, so should be good for First Homeowner’s Grant)?

    Which places would you recommend checking out for home loans?

    Should I start just looking at open homes to get an idea of what’s on the market and spend a few months studying what’s available?

    Do you have any recommendations of things to look for (or look out for!) in finding a first home?

    Thanks for your help!


    Hopeful, keen and learning

    Profile photo of geogeo
    Member
    @geo
    Join Date: 2003
    Post Count: 1,194
    Originally posted by WauloK:
    What suggestions do you have for looking for our first home (neither of us has had a home before, so should be good for First Homeowner’s Grant)?

    Which places would you recommend checking out for home loans?

    Do you have any recommendations of things to look for (or look out for!) in finding a first home?

    dnt know if you’ve got children but I would suggest it’s next to schools , parks, shops.

    I dnt know QLD that well, so I can’t be of much help unfortunately but I would suggest also to do some research into the Gold Coast and looking at median proces for the past 10 years since it is going to be your PPOR.

    Kind Regards,
    George.

    I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    I suggest you spend your time deciding what you want and loking at places.

    Speak to a mortgage broker. We can advise you how much you can borrow and when the time comes advise you on the nbest deal for yur situation.

    All the best,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of WauloKWauloK
    Member
    @waulok
    Join Date: 2003
    Post Count: 29

    Okay thanks MortgageHunter, I will shop around to find one of you guys around here.

    How much does that normally cost?


    Hopeful, keen and learning

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    Free

    Is that OK?

    Have a great weekend!

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of DDDD
    Member
    @dd
    Join Date: 2004
    Post Count: 508

    Arghhhhh, I did a monster reply to you and went to post it nd my internet had dropped DOH!!!!

    OK go for it but be open to units/townhouses too as it is a stagnant house market but townhouses are still moving in SEQ at the moment.

    3 years ago t/houses were 40k and houses were 80k, people were saving based on these figures. The market moved. Now houses $180k and t/house $120k. Gap widened but t/houses still moving due to affordability of the locals dropping into this market recently.

    As your first if you have no kids maybe a townhouse which will give you some cap growth a little quicker at the moment would be a better first home for you.

    Good Luck and I have contacts for cheaper legals, just PM me if you like.

    DD

    Don’t sweat the small stuff,and it’s all small stuff!!

    Profile photo of WauloKWauloK
    Member
    @waulok
    Join Date: 2003
    Post Count: 29

    Thanks guys! Appreciated.

    Yes, free does sound rather good :)

    I will soon reply to you MortgageHunter :)


    Hopeful, keen and learning

    Profile photo of WauloKWauloK
    Member
    @waulok
    Join Date: 2003
    Post Count: 29

    DD: We have two young kids, so maybe I can find a TH with some backyard space. tnx


    Hopeful, keen and learning

    Profile photo of emcdonaldemcdonald
    Member
    @emcdonald
    Join Date: 2004
    Post Count: 162

    Hi WauloK,

    you could ring around a few of the local Real Estate Agencies and get yourself on an open for inspection list to cut down the time you spend in the car.

    someone very wise once told me to look at absolutely every property in my price range no matter what the condition, style or location of the home was. That would make the ‘bargains’ or those properties under market value become very obvious.

    i think it’s Dolf de Roos (sorry about the spelling) who uses the 100:10:1 rule…

    enjoy your afternoon,
    e x

    Profile photo of WauloKWauloK
    Member
    @waulok
    Join Date: 2003
    Post Count: 29

    Thanks for the advice emcdonald !

    I saw there’s a Jenman Real Estate in my town, so might pick up their brochure.


    Hopeful, keen and learning

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