First home

[becy_b]

I am only 20 but I'm starting to think of saving up for my 1st home for moving out in a couple of years or so.

I have no idea on how much I should think of saving up before I get a home loan.
(ofcorse my partner would have to save up too).
Also what do u think is a good price for a 1st home?

[pookiesossige]

I think that around 15% of the total loan amount is the way to go, although I'm always open to correction.
And as for a good price- well, that totally depends on what suburb you wanna live in and what features you want your first home to have (tip- keep your standards and expectations low, low, low for your first home!). Good on you for thinking about it- I was 22 when I brought my first home (with DH), about 4 years after moving away from my parents. It's certainly not too young to move out of home, that's for sure! So you may as well save and buy while your expenses are low. :yes: :yes:

[becy_b]

I kinda want to get my life more on track for the future at a younger age rather than all my vousins who r like 28-32 who are just moving out of home and getting married and having kids at that age...
I dont want to wait like 10 years because its expected now you know? Id rather plan early.

[Katie79]

Good on you:yelclap: ..
Its a very exciting time.

You will love having your own place.Its a great feeling knowing how hard you have worked for things.
Nothing beats it at the end of the day.You know your hard work and savings have paid off.:thumbsup:

Good luck..But also remember that you need to go and have fun as well.Dont put away every penny you earn.You are able to have a little fun as well.:yes: :thumbsup: