Hi all, first time poster here. I just graduated uni and want to get my foot into the property market here in Adelaide. I would like to buy a house and subdivide. Preferably in the northern suburubs, as this is where I live and so I could keep an eye on things.
Weekly gross income is $1200 and I will have about 30k saved by July which is when I want to buy.
What are your thoughts about locations and is this enough money for this kind of development?
Hi vas
Welcome to the forum.
I can't comment on the area because I'm not that familiar with it.
In terms of the finance side of things. It's difficult to comment without further info. It wouldn't be a bad idea to get a decent broker to crunch the numbers for you and work out what's achievable.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Vas87 – you can certainly afford to borrow some money. As Jamie said it’s hard to say exactly how much – best to talk to a broker about what you can do from here.
well done for wanting to get started.
I'd suggest to check properties around your local area first, and surrounding suburbs as it'll elp you ease into it and you know these areas well
Thanks for the warm welcome guys. Can anyone recommend a good broker or accountant in Adelaide. I am guessing the first step is to find out how much I can comfortably borrow and move on from there?
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