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Newbie in da house

Discussion in 'Introductions' started by dstar, 6th Feb, 2016.

  1. dstar

    dstar Member

    Joined:
    6th Feb, 2016
    Posts:
    6
    Location:
    Melbourne
    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 :)
     
    sauber and WattleIdo like this.
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,577
    Location:
    Adelaide, SA
    Hi and welcome
    What draws you to Frankston?
     
  3. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    2,343
    Location:
    4/136 The Parade Norwood, South Australia
    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
     
    dstar likes this.
  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,143
    Location:
    Canberra and Sydney
    Hey Danielle

    Welcome aboard :)

    Cheers

    Jamie
     
    dstar likes this.
  5. Taku Ekanayake

    Taku Ekanayake Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    756
    Location:
    Sydney, Australia
    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
     
    dstar and York like this.
  6. dstar

    dstar Member

    Joined:
    6th Feb, 2016
    Posts:
    6
    Location:
    Melbourne
    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!
     
    sauber likes this.
  7. sauber

    sauber Well-Known Member

    Joined:
    27th Jun, 2015
    Posts:
    185
    Location:
    VB
    Thats the beauty of these forums! So much knowledge here. Its amazing!!! Learnt so much from great people on here