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The Australian Property Market has become tough for younger Australians to break into. Ready Set Own sets out how young Australians can purchase a property. It is also a useful refresher for buyers who have not been active in property for a while and for relatives who want to help their children or grandchildren financially.
Chapter 1 Ready explains the nuts and bolts of the Australian property market. It contains tips on saving a deposit for a home, the importance of budgeting, government grants and concessions available for first homebuyers, the bank of mum and dad and common issues that can arise when family members try to help financially.
Chapter 2 Set looks at property selection and important considerations that may influence a buyers decision. Set outlines some of the research tools available to property purchasers. It also discusses "rent-vesting" as an alternative to occupying your property.
Chapter 3 Own explains the bidding, sales and settlement process.
The book is wrapped up by a realistic case study explaining how a young couple can save and position themselves to buy their first property and thus live the great Australian dream.