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Plan to buy a property in south-west suburbs of Brisbane
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Plan to buy a property in south-west suburbs of Brisbane

I have a general plan to buy property in Brisbane whereby essentially I live at home and save the money I would be paying on rent (about $1200 a month) into an account which will let me save up for a deposit on a property - perhaps not a house, but some sort of property that I could own.

Is this a realistic plan? Prices on everything are very high at the moment, so it feels like my plan isn't a bit pointless. I'd like to buy in Brisbane's southwest, ideally within the next 2 years or so.
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Hello

If you wait over the next 2 years to buy in S.E.Qld, you will pay another 20 percent from 2023

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Hi, your plan can definitely work if you do things right and its a great opportunity to live at home rent free if you can to save for a home. $1200 a month as you said x two years is a deposit of $28,800 plus interest if you put it all in a super savings account thats designed to help you save money for a home loan. If you target suburbs like Woodridge, Loganlea, Slacks Creek and Kingston you could pick yourself up a good deal. I hope this helps? For all your Real Estate needs please use my below contact details.

Kindest Regards,
Beau Fillmore
Principal Century21
0474 644 606
1800 SELL NOW
[email protected]

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