Hi all,
I've heard that this is the perfect forum for property investment, especially for first-time buyer like me.
I just moved to Sydney last month together with my wife with a Permanent Resident status.
Currently, I am earning 10k a month (tax inclusive) and has a 40k savings.
Instead of renting a 500/w flat, I am inclined in buying my own. I believe the govt will lend me around 7k as I am a first-time buyer.
I am looking around the Wolli Creek area. I plan to shop for 1-2 bedroom flats in the next 3-6 months. As such, I hope I will get some answers regarding my questions below:
- Is it a good place to invest?
- Will banks lend me money since I just opened my bank account last month? All I have are bank statements from my previous bank in Singapore.
- Is it good to engage a mortgage broker?
- What are the other charges I need to consider (sTrata fees, council rates, stamp duty, etc)
- What is a superannuation loan? Can I use that?
I apologize if there were similar posts already. Either I don't want to hijack their threads or I didn't have much time to dig up some old posts.
Thanks in advance for those willing to respond
I've heard that this is the perfect forum for property investment, especially for first-time buyer like me.
I just moved to Sydney last month together with my wife with a Permanent Resident status.
Currently, I am earning 10k a month (tax inclusive) and has a 40k savings.
Instead of renting a 500/w flat, I am inclined in buying my own. I believe the govt will lend me around 7k as I am a first-time buyer.
I am looking around the Wolli Creek area. I plan to shop for 1-2 bedroom flats in the next 3-6 months. As such, I hope I will get some answers regarding my questions below:
- Is it a good place to invest?
- Will banks lend me money since I just opened my bank account last month? All I have are bank statements from my previous bank in Singapore.
- Is it good to engage a mortgage broker?
- What are the other charges I need to consider (sTrata fees, council rates, stamp duty, etc)
- What is a superannuation loan? Can I use that?
I apologize if there were similar posts already. Either I don't want to hijack their threads or I didn't have much time to dig up some old posts.
Thanks in advance for those willing to respond