New to Property: SA - First Home, Affordable Homes Program

Discussion in 'The Buying & Selling Process' started by wilber.inc, 3rd Nov, 2016.

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  1. wilber.inc

    wilber.inc New Member

    Joined:
    3rd Nov, 2016
    Posts:
    1
    Location:
    ADEALAIDE
    Hello,

    I apologise if this appears to be a stupid question.

    Can anyone tell me if it's possible to negotiate the standing price of a property from the Affordable Homes Program? I had the impression from the agent that each house is in high demand and it''s first in first serve but I want to know if it's actually the best deal I could get.

    Also how long must I live in the house before it can become an investment?
    Is re-financing from Homestart worth it? And how long after would be ideal?

    thanks :)
     
    wilber.inc, 3rd Nov, 2016
    #1
  2. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    First in best dressed, fixed price, need to have lender preapproval.

    Affordable homes is 2 years minimum owner occupier from memory
     
    DaveM, 3rd Nov, 2016
    #2