First home buyer Pitfalls and risks

| August 13, 2010

The rush is on around the nation for first home buyers.

At the moment the State Governments vary, but the Federal Government, the FHB grant is $7,000. You get an extra $7,000 FHB boost if you’re buying an established home and then you get an extra $14,000 if you’re buying brand new.

The great Aussie dream is still within reach for first home buyers.

Tips for families FOR FHB ( First home Buyers)

I think one of the things first home buyers have to remember is that your first home is not necessarily  your last home and your first home  does not have to be “your dream home”

What property buyers should be looking for ?

  • Proximity to the city, good schools, parks, reserves and sporting grounds.
  • Prospective buyers should also look for properties close to major shopping centers and in areas that have low crime-rate.
  • Location is the most important thing when buying a house
  • prospective increase in valuation of the house based on suburb and other factors
  • proximity to your workplace

Homebuyers grant goverment

First home buyers can’t go wrong if they follow these golden rules.

  1. The most important thing is the location , location , location
  2. Look for  capital growth, property should have some land Value
  3. Cost in  at least 7 to 8% when doing you home loan borrowing capacity as current 5 to 6 %  home loan rates are not going to last forever.
  4. Dont borrow  to your maximum borrowing capacity , keep a buffer


Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter


Category: borrowing capacity, Featured, FHB, finance, first Home buyers, Goverment grant, Property sector, rates, Real Estate

About the Author ()

Property man writes articles related to property , stock market and finance. if you like what you see do bookmark the blog and leave me a comment

Comments (8)

Trackback URL | Comments RSS Feed

  1. Do you report your income to be taxed? If you’re not playing by the rules I don’t see why anyone would want to help you out in that respect. I have heard of others who were able to get mortgages on self employed income when it is provable and reported to the IRS, as income is supposed to be.

  2. Hello , I spottet a excellent way to make alot of money online posting blogs. I presume this is mainly for the website bloggers but there are probably more bloggers reading this. I’ve made thousands using the techniques explained in the product and it’s only been two months. Auto Blog System X

  3. Toket says:

    Hi there, I enjoyed reading your post. Thanks for the nice info. Was hoping that we can extend our friendship by way of a mutual hyperlink trade? Let me know, and nice to meet you here!

  4. useful site I will follow this website onto my facebook hopefully

  5. Sick and tired of obtaining low numbers of useless traffic to your website? Well i want to share with you a new underground tactic that produces myself $900 every day on 100% AUTOPILOT. I possibly could be here all day and going into detail but why dont you simply check their site out? There is a great video that explains everything. So if your seriously interested in producing effortless hard cash this is the website for you. Auto Traffic Avalanche

  6. Where could it be, i like to read much more about this particular article, thanks.

Social Widgets powered by