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27/07/15
20:34
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Originally posted by acorn
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Thought I'd start a thread for first home buyers . Suppose you were 25 or 30 and you were wanting to get into the Sydney or Melbourne market . I imagine it would be pretty intimidating for them , particularly with the inexperience of youth .
It would be interesting for some of the more experienced on here to share their strategies . Remember , you need to try and look at it as an inexperienced buyer .
What price limit would you set for yourself ? Would you relocate to a more affordable area ? Would you choose to be a lifetime renter ? Would you share a house for a few years ? What if you have a family ? What if you're not a handyman ? Would you get a second job or upskill ? Etc .
Not supposed to be an advice thread per se but nothing like sharing a bit of experience and knowledge . I wish someone had done it for me back in the day : )
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I'd be interested to know how your typical 25 year old on a typical 25 year olds wage is going to be able to afford a mortgage, let alone save up for a deposit.