News

First home buyers smash avo-on-toast excuse

TOASTED: A Coast real estate identity and first home buyers say young people should not put home ownership in the "too hard” basket and eat out instead.
TOASTED: A Coast real estate identity and first home buyers say young people should not put home ownership in the "too hard” basket and eat out instead. Contributed

A SUNSHINE Coast real estate identity says home ownership is within reach of young people who are motivated enough to try for it.

Brett Graham, principal of five Ray White offices on the Sunshine Coast, was speaking after social commentator Bernard Salt raised the ire of millennials over the weekend by suggesting they forego smashed avocado on toast to buy their own homes.

Some young Australians responded they may as well treat themselves to breakfast out and overseas holidays because they would never be able to afford a house deposit anyway.

But Mr Graham said home ownership was within reach of first home buyers on the Sunshine Coast if they set their minds to it.

He said the availability of stable employment, low interest rates and and comparatively low prices made it a good time for first home buyers to get in to the market on the Sunshine Coast.

"Employment is strong. People are saying it's a good idea to buy rather than rent. Interest rates are low," he said.

"I have a number of our staff who are first home buyers."

Billy Seller, 24, a property manager at Ray White, Buderim, bought his first home with his partner, Shane Randall, nearly a year ago.

Mr Seller said they used a mortgage broker to get the best possible mortgage and spent about a year looking around and considering their options before they found a suitable house at Nambour.

"I think a lot of young people put it in the too hard basket. They say, 'I want to travel'. You either want one or the other and if you want to purchase your own home, you have to make it happen," he said.

Mr Seller and Mr Randall plan to use the equity in their home to buy an investment property within a few years.

Tanaya Erikkson, a property manager at the same office, and her partner, Kody Kehrer, bought their first home about the same time.

Ms Erikkson, 21, said they had been working towards buying a home for about two or three years.

"We were kind of looking into it, just saving money, considering our options," she said.

"I think saving for a deposit was the hardest. Obviously, you're paying rent as well as trying to save on top of that," she said.

"Now we're in and making weekly repayments, it's definitely affordable," she said.

Neither couple used a first home buyer's grant, which is only available for new builds.

Ms Eriksson said she and her partner chose a 12-year-old four-bedroom home at Sippy Downs because it had a bigger yard and gave them better value for money than a new home.

Both she and Mr Seller said first home buyers needed to educate themselves on what was available in terms of finance and homes to get the best possible deal.

Mr Graham acknowledged that "young people are young people" who often had difficulty with long term goals but if they were serious about home ownership, there was a way.

"Simply work hard and save money," he said.

Ms Eriksson said she and her partner still ate out occasionally and Mr Sellers said he still went out for breakfast, even with a mortgage.

"Most weekends I got out for breakfast. I work hard," he said.

Topics:  avocado first home buyers first home buyers' grant home house property real estate smashed sunshine coast toast



Next NSW Premier Gladys Berejiklian to tackle One Nation

NEW South Wales’s first female Liberal premier Gladys Berejiklian has vowed to fight Pauline Hanson’s One Nation

“People want to be heard —not just at elections but at all times."

Coffs tourism overhaul announced

NEW FACE FOR TOURISM: The visitor centre at the Big Banana will soon be closing its doors.

Coffs tourism undergoes a facelift as part of new council strategy.

A special kind of love

Petbarn Coffs Harbour store manager, Adam Rose.

Find unconditional love this valentines day in a four legged friend.

Local Partners

Things to do on Australia Day on the Coffs Coast

There is plenty of activities this Australia Day on the Coffs Coast


Fans invited to meet Jets at training session

FLYING IN: Catch the Newcastle Jets at the free training session at the international stadium on Thursday.

Catch up with the Newcastle Jets at the free training session

Legendary batsman opens up

STAR: Sir Viv Richards.

Cricket hero Sir Viv Richards will tell his tale at Coffs race club

Puppetry of the Penis secrets revealed ahead of show

The famed Puppetry of the Penis is coming to the Sunshine Coast for shows in Noosa and Caloundra.

WARNING: This interview contains adult themes and traces of nuts

Louis Tomlinson celebrated his son's first birthday

Louis Tomlinson and Briana Jungwirth celebrate son's first birthday

Kylie Minogue will take husband's name

Kylie Minogue will take her fiancé Joshua Sasse's surname

Nicole reveals her biggest parenting challenges

Actress Nicole Kidman.

Nicole Kidman says her kids are ‘deeply attuned' to her moods.

Suicide Squad director reveals his regrets about the film

Margot Robbie in a scene from the movie Suicide Squad.

DIRECTOR of superhero flick on what he’d change about ‘flawed’ film.

Meet the new Marco on MasterChef Australia: Yotam Ottolenghi

Israeli-born, London-based chef Yotam Ottolenghi will be a guest chef for a week on the 2017 season of MasterChef Australia.

AFTER Marco’s defection to Seven, MasterChef signs a true food hero.

Big Bang spin-off to be about kid Sheldon

Jim Parsons in a scene from the TV series The Big Bang Theory.

Actor Jim Parsons has dished on an upcoming Big Bang Theory spin-off

Auction breaks Moonee Beach sale record

RECORD PRICE: This Estuary Dr home sold for 1.355 million at the weekend

An Estuary Dr property has achieved a record residential price

Stockland's $150m pitch: Build it and they will come

Gladstone Marina. The Gladstone Regional Council offers a range of exciting job opportunities. Photo Contributed: Murray Ware.

Here's why we need to see Stockland upgrade start soon.

Steady growth in a Coffs buyer's market

Boambee stood out as the region's most expensive suburb for houses with a $650,000 median sale price.

Lower price ranges stand out as Coffs property best sellers

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

Our coastline suburbs offer cheapest beach living in NSW

GOING CHEAP: You can snap up a property at Nambucca Heads for as little as $95,000.

Could you imagine buying a beach property for less than $100,000?

Ready to SELL your property?

Post Your Ad Here!