Hi Biz

Hi Biz,
Australians have been real comfy since COVID-19 hit. Government has been propping up all sectors, one of these being real estate. I'm signing on Tuesday to purchase an off-the-plan apartment that will finish construction in 2022. I would be eligible for a $25,000 federal grant pushing new construction, also for another $10,000 as I am a first home buyer and have stamp duty waived as well.
The property itself is a $365,000 single bedroom near the city (Perth, WA). All up it comes to $45,000 (including stamp duty waived worth around $10,000) from the Government in grants.
I wouldn't have to pay mortgage until construction is finished either or even sort out financing.
Am I retarded for rising up as a landlet and becoming an owner of property by purchasing an apartment 'off-the-plan'?

Attached: download.png (460x390, 126.67K)

Other urls found in this thread:

realestate.com.au/property-residential land-wa-jurien bay-202702690
baka.com.au/national/nsw/sydney-s-worst-apartment-tower-for-defects-forces-industry-shake-up-20200609-p550vi.html
abc.net.au/news/2020-06-19/reserve-bank-considered-asking-for-property-data-to-be-hidden/12370916
twitter.com/SFWRedditVideos

>$365,000 single bedroom
wew

Yeh bro all paid for in mud bricks safer than gold

ikr, where the fuck do i buy cheap bach units like that?? 400k - 500k for 500-700 sq in most respectable areas in GTA.

Unfortunately the median is real high all across Australia. Bear in mind this is AUD in case you're unAustralian.

Attached: Subiaco Median.png (942x317, 21.83K)

Buy in Brisbane you absolute dope, cheaper than that bs "median" you posted

I dumped 50% of my Linkies at 40x for Kleros. When PNK 10x's , what do I buy, land wise? is it a meme?

>apartment
why

You are not buying land. Bricks depreciate. Off the plan is notorious for problems.

>The property itself is a $365,000
for a single bedroom apartment?
Is that in fake aussi dollars or slightly less fake merican petrodollars?