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



OUR SAY: Give us the real NBN

NBN connection details for homes and businesses are now available from the NBN website.

Long time, but short shrift on connection

Cutting-edge career for hair professionals

TOP CUT: Senior hairdresser Luci Monaghan and barber Nathan Thompson have had their   work featured in magazines.

Cutters work recognised in magazines

Wonderful mother and loving nan will be missed

Bundjalung Elder Aunty Bertha Kapeen at The Lismore Showgrounds for the Naidoc Celebration Day. Photo Patrick Gorbunovs / The Northern Star

"She did so much for the community"

Local Partners

The true cause of the Oscars bungle

THE Oscars have ended with a moment that left everyone speechless — but not in a way anyone expected.

HUGE OSCARS FAIL: Wrong film handed Best Picture award

Presenter Warren Beatty shows the envelope with the actual winner for best picture as host Jimmy Kimmel, left, looks on at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles. The winner was originally announced as La La Land, but was later corrected to Moonlight.

IN A monumental stuff-up, La La Land incorrectly named Best Picture.

Blue Heelers' Ditch Davey joins 800 Words cast

Ditch Davey joins the cast of 800 Words as Terry, the younger brother of George, played by Erik Thomson.

George Turner's brother, Terry, arrives to Weld with a 'few demons'

Oscars winners 2017: Full list of Academy Award winners

Viola Davis accepts the award for best actress in a supporting role for Fences at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

WHO won Oscars this year? Here’s a full list of every winner.

Why can’t Nicole Kidman clap properly?

Nicole Kidman's style of clapping has puzzled Oscars viewers.

FOR some reason, it seems Nicole doesn’t really know how to clap.

Muslim actor makes Oscars history

Mahershala Ali accepts the award for best actor in a supporting role for Moonlight at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

MOONLIGHT star Mahershala Ali makes Academy Award history.

NO ONE OFF LIMITS: Kimmel burns down the house at Oscars

Host Jimmy Kimmel speaks at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

HOST delivers a torrent of abuse on Hollywood’s night of nights.

Mining homes dive: $600k homes sell for $120k-$300k

18 Yeates Street, Moranbah sold for $135,000 in December, after being repossessed by a bank. The owners bought for $545,000 in August, 2011.

The economy still has two speeds, but with a painful twist

The trick homeowners are using to buy more properties

Chantelle Subritzky leaves her home each week for Airbnb guests.

Queenslanders are going down this path to help pay their mortgages

Stunning home blends South Pacific beauty with Orient style

Immaculate residence with two outdoor living areas

Historic home 'Fairweather' up for action

Fairweather

Historic property owned for last 35 years up for sale

A piece of Clarence Valley heritage up for grabs

The historic house \"Ravensford\" located at 36 Villiers St in Grafton is currently on the market at McKimms Real Estate.

Take a look inside iconic home 'Ravenford'

Ready to SELL your property?

Post Your Ad Here!