Not when you are after a place that looks like this...
But your budget is more like this...
Still, all us first home buyers are all in the same boat I guess (except the rich ones). It really does take time, there are lots of places on the market and it takes ages to get through them all (even if using the internet) and places that look great from the outside need completely renovating on the inside or vice-versa. Then there is the entire process of securing a loan, finding a solicitor who won't rip you off (good luck) and sealing the deal without some bastard gazumping you.In Australia, there is the First Home Buyers Grant. Introduced a few years ago to help first home buyers get into the astronomical Sydney property market, it provides those eligable with $7,000 plus no stamp duty on properties up to $500,000. Which is a huge help considering that the normal stamp duty on a house that price would be around $20,000.
If you've ever wondered what the difference is between a First Home Buyer and a normal Home Buyer is, the answer (for Sydney anyway) is about $100,000. We've seen lots of places with great potential but the problem is, if we bought it we wouldn't have any money left to renovate! So if anyone wants to help out two young, harder working first home buyers you are more than welcome!
We haven't found anywhere that is right for us yet (well, there was one place that was fantastic in everyway possible, except when the planes flew over and you could practically wave to the Captain), but we will keep looking around for that mythogical 'First Home Buyers Dream'.
1 comment:
I feel your pain - it's the same in London (as you well know - said in an Eddie style!) and I'll start looking seriously around Christmas. Let me know how the hunt goes!
On other matters, will I have an anecdote for you on Sunday...
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