hello all.
New to this forum and am pleased I found it.
My question is fairly simple.
I have no debt and have managed to scrap together a modest 35k. I have never owned a property before, so I guess I get the government 7k first home buyers grant.
I currently rent a property and due to the nature of my work, I have generally in the past just rented in different cities.
My question is should I buy a house/flat and live in it for a while, then if need be rent it out if I have too? I can probably afford to maintain the mortgage repayments with or without a tenant, as well as pay rent on a property if need be.
Are we at the peak of the boom and should I wait until prices ease a little?
Can I get any benefit from this or am I better off just investing the money elswhere say in shares or whatever.
Thanks
New to this forum and am pleased I found it.
My question is fairly simple.
I have no debt and have managed to scrap together a modest 35k. I have never owned a property before, so I guess I get the government 7k first home buyers grant.
I currently rent a property and due to the nature of my work, I have generally in the past just rented in different cities.
My question is should I buy a house/flat and live in it for a while, then if need be rent it out if I have too? I can probably afford to maintain the mortgage repayments with or without a tenant, as well as pay rent on a property if need be.
Are we at the peak of the boom and should I wait until prices ease a little?
Can I get any benefit from this or am I better off just investing the money elswhere say in shares or whatever.
Thanks