We are first home buyers, eligible for $26,500 in grants (VIC) and have saved $35,000.
We want to buy house ($190,000) and land ($148,000) totalling $338,000. The estimated house cost quote includes driveways, fences, curtains, letterbox, clothesline etc. Based on our deposit & grants our LVR is around 84%
In a moment of madness we placed a holding deposit on the land but have not yet signed any contracts - the land is not titled yet and wont be until july but I assume contracts will need to be signed shortly. I know they will have a subject to finance clause.....Are we dreaming or do we stand a chance of being approved for finance????
I wish I wasn't so bl**dy nervous about applying...gah! No pain, no gain...or so they say