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I am not trying to show off here, I just hope after I shared our true facts, if you like it you can donate some of your points to me.
After me and my boyfriend started dating 6 months, we used his 30k saving plus both our saving about 15k to buy an off-plan at Burwood in 2008, we bought exactly 500k. At that time, if your property is under 500 k, you don't need to pay stamp duty. We saved stamp duty . Because GFC, government offered 21k first home grant for brand new building at that moment. so we saved 21 k as well. It took about 5 years for the building to complete at July 2013. During these 5 years, the property itself increased 100k by itself.
During 5 years waiting for Burwood unit to build up , we used our own savings 40K plus our parents' little help 30K, we went to Denistone to buy a 700 square meters house at 2010, the house is only 5 minutes away from Denistone train station, we bought around 750k, we rented it out for $650/week. Now we have been told by bank the value has been increased as well.
At the begining of these year, we went to Gordon to buy an off-plan two-bed room unit at 690k, the unit is located closed to train station, east face, it is at level 3 (only 4 level), internal is 98 sq + 27 sq balcony + 1 car park+ 1 storage room, Now the agent is keeping calling me to ask me to sell it. We won't sell it but that gives us impression that the price has been going up recently.
Thank God we are very lucky, if you like our story, don't remember to give me some "like".
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