im looking to get my first property, earning 44k and still have access to first home buyer grant and defence grant of 13k. saving of <3k. anyone out there have similar experience wish to share or give me advice? buy something < 200k in sydney? i live in sydney. any help would be great. Cause I have no experience when it comes to buying property. regards.[baaa]
msn: [email protected]
Originally posted by psyduck:im looking to get my first property, earning 44k and still have access to first home buyer grant and defence grant of 13k. saving of <3k. anyone out there have similar experience wish to share or give me advice? buy something < 200k in sydney? i live in sydney. any help would be great. Cause I have no experience when it comes to buying property. regards.[baaa]
msn: [email protected]
Hey psyduck,
How far away from the center of Sydney would you be willing to invest?
Sydney is a big market. Can’t say I’ve kept an eye on it since moving to Brisbane a year ago though…
— M.
so you have around $20K? that ain’t enough really when you consider that for a $200K property (an older style townhouse in say Campbelltown) you need a deposit of around $40K, unless you go for 100% financing. have you considered interstate??
$20k is more than enough. You can get 100%, 97%, 95% and lower finance. If I was you, I would be speaking with Simon Macks (Mortgage Hunter). He is a moderator on this forum, a mortgage broker and a good bloke. His specialty is defence grants and loans for defence personnel.
Check his website at http://www.mortgagehunter.com.au
Robert Bou-Hamdan
Mortgage Adviser
You must be logged in to reply to this topic. If you don't have an account, you can register here.
