Property story: 26yr old single female $375K property purchase saving for deposit while living at home with parents

Today we’re hearing from a 26 year old single female who purchased her first home for $375,000.00 in Newport, Victoria. Though she missed out on the property she had originally set her sights on, she talks about finding the silver lining in purchasing the home she now owns.

Inspired by parents who had always greatly valued owning property, she was determined to find a place to call her own. After living at home and doubling down to save for a deposit, she arrived at the point where she finally felt ready to begin the search for a property.

She shares her experience of finding a mortgage broker, her first consultation with them and the guidance they initially gave. Once she was ready to step out and begin the online property search, she ensured she knew what she really valued in a home. She talks us through her thought process around all the different aspects of a property as she began the hunt.

Though she felt the heartbreak of missing out by $5,000.00 on the first property she put an offer on, she forged ahead with determination to find the right one. Finding a property in Newport with even more ideal features, she was met with a rather unusual situation. She explains how on this rare occasion, her request for a finance clause was accepted, despite the circumstances of this particular contract.

She talks about her future plans for the property, what she’s looking for in her next home, and shares the lessons she’s learnt along the way. The key takeaway - always ask questions. When it comes to every step of the process, nothing is ever too silly and you’ll always be glad you asked. Becoming informed and armed with the right knowledge will set you up for the best possible experience and exciting possibilities for the future.

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