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


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Getting the right message

Bridie Duggan who was awarded the Northern Territory Australian of the Year.

Bridie receives top honour as NT Young Australian of the Year.

Pet owners beware of snakes

Pet owners are urged to be on alert for snakes biting pets.

There is renewed warnings of monitoring pets in case of snake bites.

Final week for entries

BE QUICK: CQ News' Santa's Little Helper Competition has one week left.

The CQ News Santas' Little Helper competition has one week left.

Local Partners

Local jobs a priority

Labor to hold a round-table discussing local jobs.

Beating the heat in the school holidays

Ellie Dyer on the monkey bars at a fun filled playground.

Looking for something to do these school holidays?

Santa is coming to Isaac libraries

CHRISTMAS CRAFT: Join in the special Story Time sessions at Isaac Libraries December 5 to 9 and create your own Christmas craft like Sophia, Evie and Ashley Williams.

Santa is dropping in to the libraries in the Isaac Region.

Warm up your voice for the Rotary Carols

The Rotary Carols by Candlelight is on this Sunday.

The Central Highlands Rotary Carols is on this weekend.

Sia has split from her husband

Sia has split from her husband Erik Anders Lang.

Amy Schumer thanks Barbie trolls for hateful comments

Amy Schumer is in the lead role for the new Barbie movie

Shannen Doherty's husband is suing for destroyed sex life

Shannen Doherty's husband is suing her former manager

Azealia Banks' battery case against Russell Crowe dropped

Russell Crowe will not be charged with battery

Mel Gibson named Best Director at AACTA Awards

Mel Gibson poses in the media room after winning the AACTA Award for Best Direction for Hacksaw Ridge.

HIS wartime drama Hacksaw Ridge sweeps 6th annual awards in Sydney.

Mark Hamill unaware his co-stars were romantically involved

Hamill too "self-involved" at the time to notice, he said

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Couple's desperate $550K price drop to sell Gladstone home

Brian Headley and Kirstene Staib are selling their Kin Kora mansion for $750,000.

TELL tale sign of Gladstone's property market.

Ready to SELL your property?

Post Your Ad Here!