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  1. L

    First time buyer HELP needed! 250k, what to do?

    I live in the area you are targetting- the price has softened by 5-10% dependent on suburb. Its still a fall off a big median price and if there's still competition in the 1M-1.5M brackets, I'm unclear why there would be less in the 8s?
  2. L

    First time buyer HELP needed! 250k, what to do?

    Firstly, good luck with your decision! Secondly, consider a movement of 10% on the median price of the inner east vs the middle ring. Take the average price in each area and think about the difference you need to climb- thats also not taking into account tax. My guess is you aren't going...
  3. L

    First time buyer HELP needed! 250k, what to do?

    Have you worked out how much you can afford? I think you have got too much debt for your start position and haven't taken into account the capital gains tax for non PPORs, the first home buyers grant, the 6 year CGT rule for PPOR, and the rate of capital appreciation for inner city/inner east...
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