All,
A big hello to everyone in the forum. Just wanted to thank you to all for the valuable info provided. Great site.
Myself and a mate have decided to make the plunge into the property market recently. We were looking at buying a house and land package at Deer Park(walkable to the Vline station). We are both first home buyers. I qualify for a FH owners Grant where as my mate does not(not a permanent resident in Australia yet - on the way to becoming one). We were planning on living in it for the first year before renting it out.
I was wondering what your thoughts are on this.
Our budget is as follows: 430K, if a home and land package. $350K if its an established home (to make way for Stamp duty).
We are open to ideas and are looking to buy in Victoria(metro regions).
When renting out, i was thinking of renting out furnished individual rooms to maximise rental returns (i am aware this is hard work and am prepared to go through it initially)
We did find a home and land package through Devine at Central park, which was re-listed recently. Going for $422K turn key.
Your thoughts on this, pros and cons would be appreciated.
Thanks.
J
A big hello to everyone in the forum. Just wanted to thank you to all for the valuable info provided. Great site.
Myself and a mate have decided to make the plunge into the property market recently. We were looking at buying a house and land package at Deer Park(walkable to the Vline station). We are both first home buyers. I qualify for a FH owners Grant where as my mate does not(not a permanent resident in Australia yet - on the way to becoming one). We were planning on living in it for the first year before renting it out.
I was wondering what your thoughts are on this.
Our budget is as follows: 430K, if a home and land package. $350K if its an established home (to make way for Stamp duty).
We are open to ideas and are looking to buy in Victoria(metro regions).
When renting out, i was thinking of renting out furnished individual rooms to maximise rental returns (i am aware this is hard work and am prepared to go through it initially)
We did find a home and land package through Devine at Central park, which was re-listed recently. Going for $422K turn key.
Your thoughts on this, pros and cons would be appreciated.
Thanks.
J
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