Hi all, Just a quick introduction - I'm Danielle, 31yo single female looking to buy my first home as a primary place of residence and then use the equity in that to continue my property journey. Been watching the market since October last year looking to jump in & buy now - instead of later in the year as initially planned, when the spring buying season starts to heat up with more choice of properties. My background is process improvement and business analysis, at the moment I'm working on a contract in local government as a project manager. Look forward to sharing knowledge and ideas on the forums! You'll see me over in the Frankston threads
Hi Danielle Interesting job and congratulations on the government contact. There are always properties available for sale throughout the year. Well done on educating yourself first and welcome to the forum. X
Hi @dstar welcome to the greatest Australian property forum. Have you considered completely flipping the idea you currently have and rather buy up investment properties first and then potentially buy a PPOR down the track? You could have your hard earned $$$ invested in income producing assets, your expenses are tax deductible, and your servicing won't be hit hard by holding a owner occupier loan. Later down the track, when you're sitting pretty with all that passive income and wealth, you could buy that dream home. Just a thought. Cheers, Taku
Thanks for the welcome everyone Frankston is where I've found my search end as I was renting in Aspendale and properties around there and down along the beach to Franskton seem to have boomed somewhat but Frankston's prices are still reasonable. Also with the infrastructure, I expect CG will be good in the long term - plus there is the beach I explored the option of investment 1st , PPOR 2nd ; however as I need a place to live right now and its difficult to rent with a pet etc, I figured I'll get the stamp duty savings and just buy / live. Potentially lease out a room (the tax accountant explained something along the lines of its 50% an investment for tax purposes for some deductions... would have to consult her again!) All I can say is it has been a massive & very educational past few months!
Thats the beauty of these forums! So much knowledge here. Its amazing!!! Learnt so much from great people on here
