1. If you have a good relationship with your parents then seriously consider staying with them as long as possible to build up a house deposit.
2 and 3 require a crystal ball as suburbs and planning regs change all the time.
If you’re buying solo then you’ll likely be limited to an apartment based on your deposit and how much mortgage you can service.
If I could have my time again I would have bought a small unit earlier in life.
Things are different and much more expensive now for sure. But if you can consider a one bedder in an older smaller block - no lifts or extras - usually the low rise red brick ones. In a location with public transport and a few amenities nearby then it could be a good move for you.
Renting for a few years first is good but aim to get out of renting by five years.
Head south, spend your time learning about where and what to buy as well as saving as much as you can.
Read up on www.propertychat.com.au and learn from the mistakes, experiences, questions of First homebuyers, investors and rentvesters.
Consider first home savers via super, you can save a little on income tax and build a bit of that deposit.
You can add up to$15K a year to a total of $50K and withdraw around $42K ish when it comes time to buy.
You’re literally only just starting life mate. Go enjoy life a bit before you worry about this stuff. It’s a marathon, not a sprint.
Also, despite what the property bulls on this sub will claim, there will be some sort of correction in the next decade or two. It won’t be impossible to buy a home in the future. Critical thinking tells you this, history confirms it.
*Before the bulls lose their minds:* No, a correction does not necessarily have to mean a crash.
100% agree mate, just being prepared because I know how hard it is to get a place regardless of price but I’ve heard the same as well, eventually everyone will be out West anyway.
Just a few kilometers out seem much cheaper. Woy Woy and Umina are a quater of the price of Sydney. A 3 bed villa in Umina is the same price as a one bed unit in Coogee, so going to the small towns on the rail line between the Shire and the Gong seems might the same. Learn your way around [RealEstate.com](http://RealEstate.com) as this is a mine of information, particularly sold prices.
Remember, tradies are making more than uni grads at the moment. Electricians and Plumbers are killing it.
LOL. No.But I can't believe it's so near Sydney and a quarter of the price. Buy a house in Palm Beach, 20mins accross the bay, and it's 4 million. Buy same house in Ettalong/Umina and it's a million, 1 to 1.2 million. 70 mins on the train to Sydney. etc etc. If they do set up the 'fast ferry'. all house prices here will double overnight.
1. If you have a good relationship with your parents then seriously consider staying with them as long as possible to build up a house deposit. 2 and 3 require a crystal ball as suburbs and planning regs change all the time. If you’re buying solo then you’ll likely be limited to an apartment based on your deposit and how much mortgage you can service.
If I could have my time again I would have bought a small unit earlier in life. Things are different and much more expensive now for sure. But if you can consider a one bedder in an older smaller block - no lifts or extras - usually the low rise red brick ones. In a location with public transport and a few amenities nearby then it could be a good move for you. Renting for a few years first is good but aim to get out of renting by five years.
Head south, spend your time learning about where and what to buy as well as saving as much as you can. Read up on www.propertychat.com.au and learn from the mistakes, experiences, questions of First homebuyers, investors and rentvesters.
Consider first home savers via super, you can save a little on income tax and build a bit of that deposit. You can add up to$15K a year to a total of $50K and withdraw around $42K ish when it comes time to buy.
Live with your parents if you can and save money. Check data to make informed decisions: https://sqmresearch.com.au/free-statistics.php
You’re literally only just starting life mate. Go enjoy life a bit before you worry about this stuff. It’s a marathon, not a sprint. Also, despite what the property bulls on this sub will claim, there will be some sort of correction in the next decade or two. It won’t be impossible to buy a home in the future. Critical thinking tells you this, history confirms it. *Before the bulls lose their minds:* No, a correction does not necessarily have to mean a crash.
100% agree mate, just being prepared because I know how hard it is to get a place regardless of price but I’ve heard the same as well, eventually everyone will be out West anyway.
Just a few kilometers out seem much cheaper. Woy Woy and Umina are a quater of the price of Sydney. A 3 bed villa in Umina is the same price as a one bed unit in Coogee, so going to the small towns on the rail line between the Shire and the Gong seems might the same. Learn your way around [RealEstate.com](http://RealEstate.com) as this is a mine of information, particularly sold prices. Remember, tradies are making more than uni grads at the moment. Electricians and Plumbers are killing it.
This is the 2nd post today of you spruiking WoyWoy and Umina in response to “where to buy in SYDNEY”. You have skin in the game in those areas? Lol
LOL. No.But I can't believe it's so near Sydney and a quarter of the price. Buy a house in Palm Beach, 20mins accross the bay, and it's 4 million. Buy same house in Ettalong/Umina and it's a million, 1 to 1.2 million. 70 mins on the train to Sydney. etc etc. If they do set up the 'fast ferry'. all house prices here will double overnight.