News

First home buyers smash avo-on-toast excuse

TOASTED: A Coast real estate identity and first home buyers say young people should not put home ownership in the "too hard” basket and eat out instead.
TOASTED: A Coast real estate identity and first home buyers say young people should not put home ownership in the "too hard” basket and eat out instead. Contributed

A SUNSHINE Coast real estate identity says home ownership is within reach of young people who are motivated enough to try for it.

Brett Graham, principal of five Ray White offices on the Sunshine Coast, was speaking after social commentator Bernard Salt raised the ire of millennials over the weekend by suggesting they forego smashed avocado on toast to buy their own homes.

Some young Australians responded they may as well treat themselves to breakfast out and overseas holidays because they would never be able to afford a house deposit anyway.

But Mr Graham said home ownership was within reach of first home buyers on the Sunshine Coast if they set their minds to it.

He said the availability of stable employment, low interest rates and and comparatively low prices made it a good time for first home buyers to get in to the market on the Sunshine Coast.

"Employment is strong. People are saying it's a good idea to buy rather than rent. Interest rates are low," he said.

"I have a number of our staff who are first home buyers."

Billy Seller, 24, a property manager at Ray White, Buderim, bought his first home with his partner, Shane Randall, nearly a year ago.

Mr Seller said they used a mortgage broker to get the best possible mortgage and spent about a year looking around and considering their options before they found a suitable house at Nambour.

"I think a lot of young people put it in the too hard basket. They say, 'I want to travel'. You either want one or the other and if you want to purchase your own home, you have to make it happen," he said.

Mr Seller and Mr Randall plan to use the equity in their home to buy an investment property within a few years.

Tanaya Erikkson, a property manager at the same office, and her partner, Kody Kehrer, bought their first home about the same time.

Ms Erikkson, 21, said they had been working towards buying a home for about two or three years.

"We were kind of looking into it, just saving money, considering our options," she said.

"I think saving for a deposit was the hardest. Obviously, you're paying rent as well as trying to save on top of that," she said.

"Now we're in and making weekly repayments, it's definitely affordable," she said.

Neither couple used a first home buyer's grant, which is only available for new builds.

Ms Eriksson said she and her partner chose a 12-year-old four-bedroom home at Sippy Downs because it had a bigger yard and gave them better value for money than a new home.

Both she and Mr Seller said first home buyers needed to educate themselves on what was available in terms of finance and homes to get the best possible deal.

Mr Graham acknowledged that "young people are young people" who often had difficulty with long term goals but if they were serious about home ownership, there was a way.

"Simply work hard and save money," he said.

Ms Eriksson said she and her partner still ate out occasionally and Mr Sellers said he still went out for breakfast, even with a mortgage.

"Most weekends I got out for breakfast. I work hard," he said.

Topics:  avocado first home buyers first home buyers' grant home house property real estate smashed sunshine coast toast



A fur go for this local icon

Bright sparks help panicked koala up a power pole

Scammers strike more often than hackers: IT specialist

SCAM ALERT: Australia Post published this fake email on its website on January, 11, 2017, warning people its a scam and not to click or past the link into your internet browser. 'Delete the email immediately'.

"Everything locks up; then a ransom note comes up."

Eight saved in mass rescue at Pippi Beach

Red and yellow beach flag at Mooloolaba Beach. Photo:Warren Lynam / Sunshine Coast Daily

Lifeguards performed "impressive" rescue Tuesday morning

Local Partners

Baird will be 'sorely missed'

Member for Clarence Chris Gulaptis says the Clarence Valley has benefited from Mike Baird's time as Premier.


5 things to do this weekend

Lower Clarence Relay for Life Swim

Looking for something to do this weekend?

Puppetry of the Penis secrets revealed ahead of show

The famed Puppetry of the Penis is coming to the Sunshine Coast for shows in Noosa and Caloundra.

WARNING: This interview contains adult themes and traces of nuts

Artist program to link to gallery theme

VALUABLE STINT: Indigenous artist Karla Dickens at work in Grafton Regional Gallery's studio during her 2010 artist's residency.

Gallery encouraging indigenous artists to take up residency offer

J.K. Rowling writes through severe back pain

An aching back couldn't stop J.K. Rowling catching inspiration

Elsa voice actor's son hates Frozen

Idina Menzel's son "hates" his mother's most famous film 'Frozen'

Chrissy Teigen likes her "soft" stretch marks

Stretch marks are no problem for Chrissy Teigen

Naomie Harris in the dark over Daniel Craig's future as 007

Naomie Harris has no idea if Daniel Craig will be returning as 007

REVIEW: Will Kasey Chambers' Dragonfly take off with fans?

Kasey Chambers’ new album Dragonfly gets 3.5 stars from Cameron Adams.

CHAMBERS is back with her 11th studio album.

Ed Sheeran wants Beyonce collaboration

Ed Sheeran wants to record a duet with Beyoncé.

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

Rates safe from land value hike

DRIVING GROWTH: The Pacific Highway upgrade has been linked to improved land values.

Figures up in latest valuer-general report

KNIFE-EDGE: The housing tightrope we now face

Even the smallest interest rate rise will be hard for some to handle.

One if five home owners at risk, according to new analysis

Historical home leaves family's hands after 75 years

SALE CONFIRMED: The Gympie Regional   Realty team which sold the Ramsey property are (back) Mel Gastigar, Dorothy Palmer and Margaret Cochrane, with (front) home seller Terri-Jayne Ramsey.

Ramsey family played a huge role in Gympie's growth.

Pat Rafter's $18m Coast home proves hot property

PAT'S PAD: The Sunshine Beach home of tennis ace Pat rafter is on the market for a record price.

"It's a record for our company and for the Sunshine Coast.''

Ready to SELL your property?

Post Your Ad Here!