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



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Extra police to be on the beat this Australia Day

Police to be out in force this Australia Day.

Police to launch special Tweed operation this Australia Day

'Night stalker' suspect arrested over rapes, was on bail

A number of sexual offences spanning from 2008 to 2016 are believed to be linked.

"Night stalker" suspect was let out on the streets on bail last year.

Roosters, lions and Chinese culture for club

Celebrate Chinese New Year with Seagulls Club on Sunday

Celebrate your second New Year's at Seagulls

Local Partners

'Allo 'Allo! star Gorden Kaye has died

Gorden Kaye, pictured in Brisbane in 2007, found fame as a cafe owner Rene Artois in the iconic British television series ‘Allo ‘Allo!

ACTOR Gorden Kaye, from BBC comedy ‘Allo ‘Allo!, has died.

Lion roars to straight to No 1 at Aussie box office

Nicole Kidman, David Wenham and Sunny Pawar in a scene from the movie Lion.

THE Australian-made movie a hit, while Rogue One nears record mark.

Ozzy Osbourne fell asleep during his driving test

Not a good idea to give Ozzy a Ferrari

Kristen Stewart to host SNL

Kristen Stewart will host a pre-Super Bowl episode of SNL next month

Search for Merseybeat magic continues

The Searchers are coming to Twin Towns in February as part of a national tour.

"It's a free spirited country with a relaxed attitude to everything”

Louis Tomlinson celebrated his son's first birthday

Louis Tomlinson and Briana Jungwirth celebrate son's first birthday

Accusers become accused in tenants from hell story

SPEAKING OUT: Scott Marsen says he doesn't want people to feel sorry for the couple who trashed his home.

Couple whose house was trashed accused of doing the same

Why investors are flocking to Moranbah

Moranbah homes are selling like hotcakes, creating a supply problem

Investors are scrambling to get into the market

Casuarina tops Tweed house market at $870,000

Casuarina recorded the region's top median prices for both houses ($870,000) and units ($435,000).

Buyers jumping at chance to get into Tweed property market

Beautiful Terranora acreage

77 Mahers Lane, Terranora.

Check out this week's feature property.

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

Ready to SELL your property?

Post Your Ad Here!