Thread: accomodation
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Old 13-12-2021, 02:16 PM   #3
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Join Date: Dec 2013
Location: Western sydney
Posts: 8,338
Default Re: accomodation

If you want to buy, get saving for that deposit. Its a lot easier to do when you live at your parents and pay a lot less board then if you are renting. Try as hard as you can to get any existing loans payed out, lenders take that stuff into account, same as rental history.
Be realistic about what you want to purchase. If you dont have kids you dont need a 19 bedroom mansion witg 27 bathrooms.
Dont take advice from your cousins uncles mates sisters friend, speak to a mortgage broker. They can tell you exactly what your borrowing power is if you can supply your financial information.
And before worrying about any sort of home renovations, try and get a place first. Maybe it doesnt need any work done to it, or maybe it might be minor things etc.
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