Hello all,
We are a young family with three kids (all – beautiful girls)
We immigrated to Australia from Kazakhstan three and a half years ago and quite happy about this move.
Recently our friends suggested that we talk to a mortgage broker. I didn't expect much from it – we are living on a single income – but that meeting transformed us from quiet (well, as quiet as you can be with 3 little kids) renters into running_around_thinking_and dreaming_only_about_a_house first home-buyers.
When your rental payments are going to be the same as your mortgage ones (with interest only option for the first few years) you definitely want to do something about it.
After realising that we can't buy anything decent from established homes in the area we like we decided to go building.
Tomorrow we are going to pay a deposit for a block of land in Laurimar and talk to a couple more builders. So far we are inclined to build with NBG. They "bought" us with their March bonus offers (like evaporative cooling and no progress payments).
I enjoy reading this forum and hope to contribute something useful as well.