Also, in SA I don't think there's no stamp duty to pay on a first home, atleast that was the case a few years ago and stamp duty can be quite expensive too. Good luck!
Snacks...it would be lovely if we could do a family equity thing...but due to family issues we've well and truely overused the mum & dad banks I think.
We'll think about it some more. We still have 9 months left on our lease so have plenty of time.
There are also ways of being able to utilize you superannuation as a home deposit. Or at least there were a few years back. It's very bad practice, although I wouldn't put it as much worse than a 100% loan. Personally, I wouldn't do either, but I can appreciate why some people would...
You guys are young, so you should have heaps of time to work on building up super if this way works for you.
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