Hi all,
Would just like your opinion as i'm thinking on purchasing my first property.
I'm a 24 year old single male on a $70,000 gross income.
I plan to save a $60,000 deposit (including the FHBG) in order to buy a 2 bedroom unit/townhouse/villa in Parramatta/North Parramatta for up to $350,000.
I plan to live in the property, but i'd also like to invest in other properties at some stage (maybe using the equity in the property down the track).
Just wondering if you think this is a good idea? Or if you have other suggestions? Living at home with my parents is not really an option, i'm ready to move out.
I have also been thinking about possibly purchasing that property, living in it for 6 months (for the first home buyers grant), then using it as an investment property and renting closer to work.
Cheers.
Would just like your opinion as i'm thinking on purchasing my first property.
I'm a 24 year old single male on a $70,000 gross income.
I plan to save a $60,000 deposit (including the FHBG) in order to buy a 2 bedroom unit/townhouse/villa in Parramatta/North Parramatta for up to $350,000.
I plan to live in the property, but i'd also like to invest in other properties at some stage (maybe using the equity in the property down the track).
Just wondering if you think this is a good idea? Or if you have other suggestions? Living at home with my parents is not really an option, i'm ready to move out.
I have also been thinking about possibly purchasing that property, living in it for 6 months (for the first home buyers grant), then using it as an investment property and renting closer to work.
Cheers.