As someone who bought his first home at the age of 18 (with a questionable home loan and very little deposit), I had a youthful sense of enthusiasm that I was doing the right thing. It helped that I had already spent 12 months in a property environment, so I was aware of what I was doing – but for those who aren’t, what should you beware of?
WATCH OUT FOR HIDDEN COSTS When it comes to extra costs, stamp duty is often the most crippling additional charge that people forget to factor in. If you have less than a 20 per cent deposit, you should also watch out for LMI (lenders mortgage insurance), which can be in the thousands.
This story is from the January 02, 2023 edition of New Idea.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 02, 2023 edition of New Idea.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
CLOWNING AROUND!
THE GAGLIARDIES PUT THE FUN IN FAMILY
FIGHTS FOR HER JOB!
HER NEW ROLE RUFFLED SOME FEATHERS
'WE'RE ONE AND DONE'
THE WILDLIFE WARRIOR SHARES SOME FAMILY NEWS
CURSE OF DREAMWORLD strikes AGAIN
THE GOLD COAST PARK IS FACING ANOTHER SCANDAL
Seeing RED
SIX RELATIONSHIP RED FLAGS TO BE WARY OF, ACCORDING TO LAWYER CAROLYN DEVRIES
'MUM SAVED THE DAY!'
THEY PAIR ARE SET TO HAVE AN AMAZING EXPERIENCE!
WE THOUGHT WE'D LOSE HIM'
A SIMPLE VIRUS SAW LITTLE RYAN LOSE BOTH HIS LEGS
Getting so ber made me a better man'
Settling in for a candid chat on the porch of his family’s sprawling 100-year-old farmhouse, James Blundell breaks into a warm smile.
Prince Christian's ON ROYAL DUTY!
Denmark’s Crown Prince Christian has enjoyed his first solo royal engagement abroad at the Paris 2024 Paralympics!
3 great ways with DOUGHNUTS
CREATIVE TAKES ON THIS ICONIC SWEET TREAT