Hi Im am new to the forums and this seemed to be the best place for this post.
Well the year is over and my wife and I have a few choices to make. We now both have secure jobs and are starting to think whether buying a house is the right choice right now. We are both 23 and have around $400-500 spare a week that we are saving right now. Savings to date are at about 20k, 5k is in shares so I will probably leave that there right now. At the moment we have quite cheap rent 12k a year in mill park. the three choices I can see is:
1. Buy a house to live in while prices/interest rates seem to be low around our area. Preferably something new to boost the FHOG (maybe even metricon with their new offer)
2. Buy a house as an IP and live in it to get the FHOG (needs to be near work) / Buy an IP but forgo the FHOG in hopes to benefit in a higher yield/ capital growth area.
3. Keep saving and buy a house/more shares in the future
Well the year is over and my wife and I have a few choices to make. We now both have secure jobs and are starting to think whether buying a house is the right choice right now. We are both 23 and have around $400-500 spare a week that we are saving right now. Savings to date are at about 20k, 5k is in shares so I will probably leave that there right now. At the moment we have quite cheap rent 12k a year in mill park. the three choices I can see is:
1. Buy a house to live in while prices/interest rates seem to be low around our area. Preferably something new to boost the FHOG (maybe even metricon with their new offer)
2. Buy a house as an IP and live in it to get the FHOG (needs to be near work) / Buy an IP but forgo the FHOG in hopes to benefit in a higher yield/ capital growth area.
3. Keep saving and buy a house/more shares in the future