Hi All,
Im currently starting out looking for my first family home, and looking for some advice on my first steps.
I've already saved $200k with currently on a single income 65k before tax . So Im guess with my first property I should keep it at about $500k or under region as its my first experience. I think I should do a $150k deposit and keep $50k in a high interest account linked to my mortgage to helpout with repayments and for emergency use.
I've narrowed down my search so far to the following suburbs, Hoppers Crossing, Rowville & Scoresby. Any other suburbs I should be looking at?
I know the east is far better for family environment (I intend on getting married in 1 to 1.5 years) but Im attracted to the pricing in Hoppers Crossing and since Point Cook has already reached its potential pricing I think hopefully Hoppers Crossing should grow in the long term and all the growth should be concentrated in the west in the future.
I was kind of thinking buying a place in Hoppers Crossing pay it off as quick as I can and try to move onto a 2nd property.
How does that logic sound? Im kind of tossing up if I should first buy a house for investment/experience purposes then move onto a 2nd house for raising a family or if I should just go straight into a little bit more expensive property thats suited for family life first
Im a newbie so I really appreciate other ppl's experience
Im currently starting out looking for my first family home, and looking for some advice on my first steps.
I've already saved $200k with currently on a single income 65k before tax . So Im guess with my first property I should keep it at about $500k or under region as its my first experience. I think I should do a $150k deposit and keep $50k in a high interest account linked to my mortgage to helpout with repayments and for emergency use.
I've narrowed down my search so far to the following suburbs, Hoppers Crossing, Rowville & Scoresby. Any other suburbs I should be looking at?
I know the east is far better for family environment (I intend on getting married in 1 to 1.5 years) but Im attracted to the pricing in Hoppers Crossing and since Point Cook has already reached its potential pricing I think hopefully Hoppers Crossing should grow in the long term and all the growth should be concentrated in the west in the future.
I was kind of thinking buying a place in Hoppers Crossing pay it off as quick as I can and try to move onto a 2nd property.
How does that logic sound? Im kind of tossing up if I should first buy a house for investment/experience purposes then move onto a 2nd house for raising a family or if I should just go straight into a little bit more expensive property thats suited for family life first
Im a newbie so I really appreciate other ppl's experience