Hi all, a noob here and this is my first post (been lurking around).
I'm currently looking for first IP and considering an NRAS townhouse in Toowoomba. The area sounds quite promising and the number makes sense - slightly positive geared after the incentives. Ideal on paper since I'm also awaiting for an OTP in 2014 (ppor)
The question is, is this the best place for the 20% deposit? ... I can choose a regular property, but the deposit will still be 20% as I'm a temporary resident waiting for PR (and can only buy new property at the moment).
I'm currently looking for first IP and considering an NRAS townhouse in Toowoomba. The area sounds quite promising and the number makes sense - slightly positive geared after the incentives. Ideal on paper since I'm also awaiting for an OTP in 2014 (ppor)
The question is, is this the best place for the 20% deposit? ... I can choose a regular property, but the deposit will still be 20% as I'm a temporary resident waiting for PR (and can only buy new property at the moment).