I am 19 and I bought a 3 bedroom house in Campbelltown (South-Western Sydney) in February, it settled on March 22. I have a $228,000 loan-the house was $249,000. I had $21,000 saved as my deposit and the FHOG covered my LMI and other costs. I will be 20 in June & hope to buy another one soon but am yet to work out how as i have no $$$
I am currently earning $40k but expect to be earning $48k by the end of the year. I am undecided whether i want to buy my next property with my boyfriend or by myself. My inclination at this point is to continue by myself, if i can afford it. Our combined income at the moment is about $113k so if we do decide to purchase together we should be able to afford it comfortably.
My boyfriend of 2.5yrs bought his first house in November. He will be 33 later this year and this was his 'starting again' house as he had a messy separation a few years earlier and financially he had to start from scratch.
I think we have different views on investing-I would like to build my wealth as fast as i can while i am still young so that i won't be struggling when i have kids & don't have to work until i'm 65. I think my boyfriend would prefer a slower approach, but having said that he is slowly becoming more interested in property purchase #2.
I am currently earning $40k but expect to be earning $48k by the end of the year. I am undecided whether i want to buy my next property with my boyfriend or by myself. My inclination at this point is to continue by myself, if i can afford it. Our combined income at the moment is about $113k so if we do decide to purchase together we should be able to afford it comfortably.
My boyfriend of 2.5yrs bought his first house in November. He will be 33 later this year and this was his 'starting again' house as he had a messy separation a few years earlier and financially he had to start from scratch.
I think we have different views on investing-I would like to build my wealth as fast as i can while i am still young so that i won't be struggling when i have kids & don't have to work until i'm 65. I think my boyfriend would prefer a slower approach, but having said that he is slowly becoming more interested in property purchase #2.