Join Australia's most dynamic and respected property investment community

Is it still possible?

Discussion in 'Where to Buy' started by bonanzawealth, 9th Dec, 2015.

Tags:
  1. bonanzawealth

    bonanzawealth Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    58
    Location:
    Sydney NSW
    Just wondering if it's still possible to buy PPR with 5% down H&L package in Sydney area? The reason I aim for H&L package is because of the first home owner grant and cheaper stamp duty.

    Can anyone advise which builder that will be OK with this criteria?

    I understand that it probably not wise to buy in sydney in the current market, but it's PPR so emotional decision does come into play instead of logic.
     
  2. Tekoz

    Tekoz Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,244
    Location:
    Sydney
    @bonanzawealth do you also consider to pay LMI or prefer not to ?

    It depends on how much are you willing to pay for the quality.

    For the builder I normally contact:
    Eden Brae, Rawson home and McDonald Jones since their display home and build quality has been tested in some of my friends house in The Ponds & Edmondson Park.
     
  3. bonanzawealth

    bonanzawealth Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    58
    Location:
    Sydney NSW
    I would imagine I need to capitalize LMI into the loan