Leave Your Comfort Zone – Start Investing in First Home

Many people sit in their rented homes and dream of owning their own home. They have built around them a comfort zone that they are in no hurry to leave, even though they wish they could. You can… do you want to?

Many people save hard for their deposit, they see their savings slowly increasing and are unsure if they should let these go and make the jump to buying their first home.

It can be a daunting time, and an uncertain time. Here at First Home Australia we fully understand this. The transition from leaving your comfort zone to owning your first home can be seamless; we do not leave you in the dark any step of the way. We will hand hold you through the purchasing process and beyond, we won’t leave you in a position where you will be unsure of something. We love our work.

Our professionals help you to fully understand the ins and outs of purchasing your first home, no matter which location you choose from the many we have on offer. You may find that our locations are just outside the area where you would ideally wish to live, but you will find, no stone has been left unturned. Every one of our developments has strong transport links already in place, and many other wonderful advantages. Including sustainable living, amenities, and shopping close by.

This is another strong reason to start investing in your first home, because prices are still on the low side compared to many other areas. Start your investment today!

The early bird catches the worm, and now is your chance to take advantage of the many incentives which are available, not just from the government, but also from First Home Australia. Contact us here at First Home Australia and find all you need to know. Maybe your new comfort zone is in your first new home. Yes, doesn’t that sound perfect? Contact us today, we truly can’t wait to help you fulfill your dream…

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First Home Buyer Investment Opportunity

Now is the time you have a great investment opportunity presented to you, with the government grant of $20,000 until the end of June and the bonus incentive of an additional $10,000 for First Home Australia clients, there has never been and may well never be again a better chance to get your foot in the door.

Many people normally wait until they have purchased their second or third home before considering investing in real-estate, yet thinking about it now can be a great idea. There are a few reasons why now can be a great time to purchase your first home:

You are Young

While you are young and independent you can take advantage of purchasing a house and land package rather than renting, as this can take you a couple of years to build a good enough credit rating to purchase a home.

Property is Still Cheap

Property prices are still quite low, especially in the areas we have mentioned, yet they are showing signs of increasing, with some as much as 6% per year, so once these areas are in high demand, the chances are the prices will be much higher. Developers do not move into these areas for no reason, they see so much more than we do. Once retail centers are constructed to support the surrounding areas, the property market normally goes through the roof. Most areas will always gain in the long-term.

Secondary Income

When you look at your first home being an investment opportunity, it makes sense. By making full use of the government grant and the bonus incentive from First Home Australia, you have access to an amazing $30,000 which would take years to save by other means.

As long as you fulfil the requirements and reside in your first home for six months after taking possession, you are free to do as you will. And when you look at it on paper, that is $30,000 you have increased your value by in these six months.

You have a great first home owner’s investment opportunity, and there are not many people who can find themselves in this situation. It can take years to build the funds which allow people to be in this position, and if you act now and look at the properties available from First Home Australia, you could be onto a winner.

You will already have a property under your belt and your credit rating will improve when you make on-time payments, so when you decide to look at another property, the whole process becomes easier for you (if you want to reinvest).

We have a wide range of properties in many up and coming areas, which come with a low deposit as well. So, go ahead, take your first steps to financial freedom today. Just click on the properties section of our site.

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Stop Renting and Buy

For many years, there has been a debate on whether you should be a renter or buy your own home. Getting on the property ladder has always been looked at as a crucial part of becoming a successful adult in life, yet more recently this theory has been knocked on its head.

There are many experts which are now saying that when you rent for life, this could actually be a sound financial option, especially compared to mortgages which can become crippling or homes which may not actually be as good an investment as first thought. But, most people want the dream…

Dream of Owning a Home

The idea that renting means you are wasting money is a bit misleading, you are getting somewhere to live, so it is not actually a waste of funds. Once you have a mortgage, you are hoping you will eventually be able to own your own home outright, yet there is always the worry it will not end up at the value you were coming to expect after all you have spent on it.

Many of these costs are hidden and not really accounted for, examples being repairs, maintenance, property taxes and insurance. There is also the “opportunity cost” which is never considered where you can place your cash into high-interest savings or stocks and shares.

However, the attractive option of owning your own home, the bricks and mortar you have purchased should be a solid investment and appreciate more than you have paid in mortgage interest, taxes, and maintenance. This should leave you with no payments and with a possible profit when you are at retirement age.

If you do research and choose wisely, the correct property and location can help you to achieve this sooner, rather than later, especially if you can offset some of your costs with the current tax benefits or first-homebuyer incentives which may be available.

Don’t Rush

Whichever option you finally decide, you should not rush into buying a home before you can actually afford it, because you face a risk of becoming “house poor” if your mortgage payments become too high.

The downside of renting in Australia is most leases are only for 12 months, so renters can struggle to find long-term options where they can be secure in life, it maybe they are asked to leave, or the landlord wishes to increase his rent, or in fact, live in the home or sell it.

When you look at all these variables, it makes renting a not very ideal situation for long-term gains and affects the security of knowing where you will be. This is not the perfect option. Buying has much more viability and structure.

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