A young couple from Queensland has achieved home ownership despite the housing crisis by setting a savings goal and understanding different types of loans, with experts recommending first-time buyers seek advice from mortgage brokers or family members who own property.
We saved for this’: Young couple crack housing dream
A young couple, Jordan Cullinane and Remi Krahenbring, have achieved home ownership in the face of a housing crisis.
The Queensland couple were working at a Lockyer Valley meat processor. Initially, they considered renting together but decided against paying off someone else’s mortgage. They bought a block in Plainland, an emerging town about an hour’s drive west of Brisbane.
Saving for Their Dream Home
Remi Krahenbring moved in with Jordan Cullinane at her parents’ house to start saving. Their goal was to buy in Plainland, and they began working towards this when Remi was 20 years old and Jordan was 19.
Advice from a Mortgage Broker
Joshua Carleton recommends first home buyers speak with a mortgage broker. He notes that the majority of first home buyers have some assistance from family, such as living at home rent-free or paying a small amount of board. There are also various state and federal government grants and schemes available to first home buyers.
Tips for First Home Buyers
Start by setting a savings goal of up to 5% of the proposed purchase price.
Understand how different types of loans work.
Consider seeking advice from a professional mortgage broker or family members who own property.
Conclusion
Achieving home ownership in today’s housing market can seem daunting, but with focus, drive, and hard work, it is possible. By understanding the options available and taking the first step towards saving, young couples like Jordan Cullinane and Remi Krahenbring can make their dream of owning a home a reality.
- www.abc.net.au | We saved for this: Young couple crack housing dream
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