I?ve been browsing the past posts on Canberra and I thought it was time to post our situation. We?re looking to buy our first home as a PPOR with a view to future IP in Canberra.
My OH currently works in Barton and rents in Kingston. He has been in Canberra just over 12 months. I?m currently based interstate but aiming to move to be with him in about 6 months.
Our budget is $425-$500k. We are looking for something to live in for 3-5 years and then use as an IP.
We are looking for an area that has a great community feel, has good local shops/cafes and access to green space. Because it?s a PPOR primarily and we don?t know a huge amount of people in Canberra, lifestyle is a priority for us. We will be a one car family so we would like to remain close to the city/parliamentary triangle if we can. We don?t mind apartment living. We're quite into the idea of small space living and like the idea of the security and no house maintenance but are conscious of opportunities for CG.
Because neither of us are from Canberra and we haven?t spent that much time there either we?re unsure where to look to find the combination of budget and desires. We love the Kingston area but it is expensive and there seems to be a glut of apartments on the market. I?m just not sure of the CG opportunities and IP potential here compared to other suburbs. There are some reasonable OTP opportunities that suit our budget and timeframe and give us access to FHOG and stamp duty savings, but I?m thinking oversupply is probably an issue.
We?re not looking to buy immediately, but rather get an idea of suburbs/types of property to be actively researching and looking at so we can act quickly when the right home comes along. We can continue to rent when I move down but we feel Canberra is where we want to be in the future so want to get on the property ladder before too long.
Suggestions/thoughts/feedback on our plan?
My OH currently works in Barton and rents in Kingston. He has been in Canberra just over 12 months. I?m currently based interstate but aiming to move to be with him in about 6 months.
Our budget is $425-$500k. We are looking for something to live in for 3-5 years and then use as an IP.
We are looking for an area that has a great community feel, has good local shops/cafes and access to green space. Because it?s a PPOR primarily and we don?t know a huge amount of people in Canberra, lifestyle is a priority for us. We will be a one car family so we would like to remain close to the city/parliamentary triangle if we can. We don?t mind apartment living. We're quite into the idea of small space living and like the idea of the security and no house maintenance but are conscious of opportunities for CG.
Because neither of us are from Canberra and we haven?t spent that much time there either we?re unsure where to look to find the combination of budget and desires. We love the Kingston area but it is expensive and there seems to be a glut of apartments on the market. I?m just not sure of the CG opportunities and IP potential here compared to other suburbs. There are some reasonable OTP opportunities that suit our budget and timeframe and give us access to FHOG and stamp duty savings, but I?m thinking oversupply is probably an issue.
We?re not looking to buy immediately, but rather get an idea of suburbs/types of property to be actively researching and looking at so we can act quickly when the right home comes along. We can continue to rent when I move down but we feel Canberra is where we want to be in the future so want to get on the property ladder before too long.
Suggestions/thoughts/feedback on our plan?