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Discussion in 'General Property Chat' started by hammer, 29th Sep, 2016.

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  1. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
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    Location:
    Darwin
    Bought my first PPOR this week. Bought land and other things in the past, but have rented the whole time.

    My family has been needing our own place for quite some time and with the crash up here an opportunity presented itself in the form of a villa/duplex next to the city in the best part of town with 250m2 land. It was far below our budget, fully renovated and will cost us about the same as renting.

    Anyway, I knew what an opportunity looked like, how to research the market, how to get the cash to make it happen, the risks and how to do the sums and find a broker from all the discussions on here.

    You've all helped in your own little way, even if you didn't realize it, so I just wanted to say (on behalf of my small family) a big thanks.
     
    Lollie, tobe, inertia and 27 others like this.
  2. SeafordSunshine

    SeafordSunshine Well-Known Member

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    Congrats! Hammer!
    I love a countercyclical purchase!
     
    WattleIdo likes this.
  3. MTR

    MTR Well-Known Member Premium Member

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    great work:)
     
  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
  5. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Mazal Tov!
     
  6. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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  7. C-mac

    C-mac Well-Known Member

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    Well done Hammer! Where is 'up here' if tou dont mind? Darwin? Cairns?
     
  8. Xenia

    Xenia Best Adelaide Property Manager Business Member

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  9. hammer

    hammer Well-Known Member

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    Darwin
    Darwin.
     
  10. WattleIdo

    WattleIdo rentvestor Premium Member

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    Well done!
     
  11. S1mon

    S1mon Well-Known Member

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    no worries mate here to help
     
  12. datto

    datto Well-Known Member

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    Any time Hammer.

    Not sure what part I played but good luck anyhow.
     
  13. ellejay

    ellejay Well-Known Member

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    Excellent news. All the best!
     
  14. dabbler

    dabbler Well-Known Member

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    It is a good place, isn't it ?

    Congrats and enjoy !
     
  15. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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  16. Tranquilo

    Tranquilo Well-Known Member Premium Member

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    Hammer time:)
     
    rhinsor likes this.
  17. ashish1137

    ashish1137 Well-Known Member

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    Congratulations @hammer
    All the best for your future.

    Regards
     
  18. larrylarry

    larrylarry Well-Known Member

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    Congratulations! What a feeling! How much BMV? 40%?
     
  19. Perthguy

    Perthguy Well-Known Member

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    Perfect! :)
     
  20. willair

    willair Well-Known Member Premium Member

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    Location:
    Brisbane..
    That's well done,fully renovated and the same outgoing's as renting and within the budget..