VIC FHOG and HB Grants to buy investment in Mandalay-Beveridge ?

Discussion in 'Where to Buy' started by Nick M, 29th Nov, 2020.

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  1. Nick M

    Nick M New Member

    Joined:
    29th Nov, 2020
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    Location:
    Melbourne
    Hi Guys,

    I'm very new to the property world and was hoping to get some input around my situation.

    I'm single, 28, have 300K savings and 50K shares. Income of around 150 to 200k per year. I own no assets and only debt is Hex at 60K.

    I am on the verge of buying a house and land package in the resort area of Beveridge called Mandalay Living. This would be my first home and would be eligible for all grants. All in all, I can get a 450sq block with turnkey house for around 480K ( after grants).

    I am happy to live in it for 12 months for FHOG as I work nearby but my main aim with it is as a medium term investment to make use of the grants.

    I also have the same options in Wallara Waters Wallan or Mikhelam.

    Any input would be greatly appreciated!

    Thanks
     
    Nick M, 29th Nov, 2020
    #1
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