Are you on an Average income and have No Deposit? In this video we breakdwon how to buy your first property whether it’s for …
Rumah pertama tanpa deposit
#Buy #Property #Average #Income #Starting #Deposit
Are you on an Average income and have No Deposit? In this video we breakdwon how to buy your first property whether it’s for …
Rumah pertama tanpa deposit
#Buy #Property #Average #Income #Starting #Deposit
Reality: You find a property selling for 510-530K. You put in an offer for 540K but because of investors they increase their offers with their equity and it sells for 630K. This has happened to us over and over. It's impossible to buy unless you win the lottery
What about 80k combined houshold income, 2 dependants, realistic rent like 600. First home buyer with intent to move out and up after 1-2 years
Click bait video. Still need to have a deposit
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Hey Luke, 2 questions if I may – I struggled to find comprehensive answer to :
QUESTION #1 : Pre-approvals : do you actually need to sign it once you get one from a broker ?
QUESTION #2 : Can I sign pre-approvals with different brokers ? If not, why ?
A bit more context : I understand pre-approvals serve to 'prove' we could borrow a certain amount of money.
But once I got an offer from a broker, why should I sign it ? It shows I could borrow X amount, so now shouldn't I look for houses and come back to the broker once I'm ready to put an offer ? Outside of the 'personal relationship' and 'business as usual', is there a tangible reason I should sign one ?
Hopefully those questions don't sound too 'dry', it's just that Australia real estate system is very different to France one and it can be counter-intuitive for a non-native.
If this give you an idea for a video, even better haha 😛
Also : thanks for the great content as usual, you're nailing it mate.
A great breakdown for an average earner. I know for myself and my wife we made the sacrifice to move to Toowoomba to get back on the property ladder a lot quicker to start the process before returning to Brisbane in a few years. This isn't ideal for everyone but it works for us. I'll be looking at a property tomorrow (not emotionally invested in it yet) and seeing what kind of value we can add in the midterm. I am hopeful to use my design skills to add a nice cost-effective extension on the rear (700sqm block) in 12 months.
Have you ever done extensions or only reno's? I would imagine there is a higher risk of return on value but I'd be eager to hear your thoughts. Also, our mortgage broker is currently steering us towards a loan with a (zero fee) redraw instead of an offest account. I thought this could be an interesting topic to cover if you haven't already (and selfishly, it would give me some additional knowledge or perspective to know what to fight for).
As always. love the content and knowledge you offer dude.
Since this person would be saving regularly for ~3 years prior to purchase, they should consider automatically investing in a well diversified, low cost, ETF (shares) for their deposit, rather than a bank account. Over 3 years, even if there was one financial crisis during that timeframe, they'd still likely make their deposit faster this way than a savings account. Lots of banks make this easy. You might start selling some of the shares 1.1 years before buying the property to reduce capital gains tax, and reduce the risk of a last minute dive in stock prices affecting your purchase. As always great video.
Awesome video! Always so informative. Thanks for the hard work that goes into creating them. Super appreciative!