What is the bare minimum cash anyone would need to buy somewhere to live of any kind anywhere in Australia?
There's covid money flying around that is probably too late to get now?
There's still the first homeowners grant.
And there's loans of course.
So how much does anyone need in the first place to buy the most basic of home?
And what is the cheapest possible home to buy in the country?
(I thought perhaps it would be a block of land in a remote location and a caravan?)
a listing mistake - the clicked sell instead of rent?
If you can figure that out then you can surely figure out how to search, sort by cheapest and filter to find answer to your question.
@bargain huntress: It literally does at the bottom though.
My deposit
20% of estimated price
Stamp duty and upfront costs
Estimated upfront costs
$1,272
View breakdown
Mortgage fee $136
Transfer fee $136
Conveyancing $1,000
That would be too stressful for the OP much like Christmas
Bit odd they stipulate no pets in your own home.
Is this a mistake lol. Didn't know Maryborough turned into Detroit
about tree-fiddy
Estimate repayment is quite steep at $1/month
Might have to forgoe the $1 cheeseburgers op pays per month to maccas, gotta pay them bills
"We'll call it $85"
Borat spits on hand.
Could grab something in Broken Hill for 49k: https://www.realestate.com.au/property-house-nsw-broken+hill…
Or if you only want a house, $10k: https://www.realestate.com.au/property-house-qld-buderim-135…
It may be broken
It may be a hill
I was in Broken Hill in 2016 and had a look at house prices and I reckon that $49k place was for sale back then.
The costs of council rate and utilities could add up in a short time to cost more than the purchase price!.. like a s***box the fuel in the tank is worth more than the car.
$9.99
Here you go:
https://www.domain.com.au/27-polaris-street-southern-cross-w…
$5000 and you even get 1619m2 ! Put a caravan on it and you should be good.
Under offer. :(
Quiet location
Yes. It does look quiet.
OP must have bought it minutes after I posted because I'm sure it wasn't under offer before.
But who knows, maybe the finance on the 5k will fall through and it'll be available again soon.
Damn, you need to request a private inspection to see what this open bit of land on the side of the road in the middle of nowhere looks like.
LMAO
Is it near the Yilgarn Coffee Lounge?
I'm not sure, you'll need to research that yourself.
P.s why the bold?
P.s why the bold?
Try their coffee and you'll know…
Whilst there, visit the Yilgarn History Museum.
They have one of the best bottle collections this side of the dingo fence…
$0 in NSW.
Buy off the plan home (townhouse, apartment, villa) for $600,000. No stamp duty.
Get 95% financing from the bank under First Home Loan Deposit Scheme.
That leaves you with $30,000 to pay out of your pocket.
Don't have $30k? No problem.
You will get $10k through First Home Owner's Grant, then $25k from HomeBuilder program.
thats pretty amazing
(assuming lots of people dont lose those houses in the future)
doesn't homebuilder end at new years?
You can't use the building grants as deposit as they are paid at slab down/major works.
You'll still need to stump up some form of deposit yourself (I don't think you can even have a guarantor going down the FHODS route).
@whitelie You are correct. The homebuilder and first home owner grants are both REIMBURSED after completion.
Why? Are you actually going to move there? $500 for a 300sqm 45° angle block on a rocky hillside in the middle of WA.. would you be packing your stuff??
maybe
Get a tiny home.
You need a full time job with stability even before they look at how many digits is in your bank account
yeah. is it true there are legit alternative lenders who will do pensioners and very small business owners etc?
Ask a broker, that's their job to find lenders that suit you
There are 200 houses/units for sale in NSW for less than $100k. 349 in QLD. 70 in VIC. 198 in SA
Are some liveable? Yes.
Are there jobs? Probably not.
Are they close to services? Probably not.
I'm not sure the point of your question
People have different needs, obviously.
If you are an old age pensioner with no ties, a place in Broken Hill might be great.
If you are a crusty hippy, parking your van on a bush block in Tassie is nice.
I know a firefighter who bought a place in Broken Hill for peanuts when he did a 2 year stint there. He rented it to the guy who replaced him, and the one who replaced that guy, and so on for the last 15 years - so it’s possible that some of these places work as an investment too.
But you are right you get what you pay for, and I wouldn’t be moving to the west coast of Tassie or other ex-mining towns without a source of income that would support me without local work.
how long is a piece of string? maybe tell us a bit more about your situation so we can know what you are really asking
The equivalent question is: How long is the longest piece of string each bundle that is currently in the market anywhere in Australia?
there was one for sale at Wilcannia yesterday for 50g. Needed some work. You can buy caravan/cabins in parks for 10g up, some you can stay all year, have to rent land. some fully furnished Search under onsite caravan
So how much does anyone need in the first place to buy the most basic of home?
20% of the purchase price + stamps + legal fees.
You might get by with 10% by end up paying LMI and/or the bank won't lend to you.
Banks like Bankwest will lend up to 98% which is pretty common in WA at the moment.
20% is great but to save that say 90-100k (median house price in WA so higher in a lot of other states), many would miss the market. Better off copping the 15k LMI hit and getting your foot in the door with 5-10% IMO….provided you're not borrowing outside your capacity of course.
median house price in WA so higher in a lot of other states
Perth is the 2nd cheapest median property in Australia! Not sure if you're trying to say its cheap or high!?
https://www.budgetdirect.com.au/home-contents-insurance/rese…
Banks like Bankwest will lend up to 98% which is pretty common in WA at the moment.
Well thats silly in WA considering WA property has been on the decline for years, 8.9% decline since 2012 or a 10.9% decline since 2017 would mean all those people are under water now if they borrowed at 98%
"0"…. many are gifted parent's property
$190.00
https://www.domain.com.au/1-218-cambridge-street-maryborough…