All those people who are always insisting that “Canberra’s not cool” are about to be proven unequivocally wrong! Listen up, you bunch of naysayers, ‘cause the ‘Berra has a super cool secret – and we’re about to dish the dirt on it!
And no, it’s not Questacon.
[Infinity Towers – Artist’s Impression]
Our little Gungahlin is growing up, and it’s enough to bring a tear to our eyes! Since its establishment in 1998, Gungahlin has undergone exponential growth. Website My Gungahlin puts the population of the region at a whopping 47,303 – and it’s still growing.
And as more and more people are attracted to the area by the huge amount of new and affordable housing that’s available, more new facilities keep popping up to meet the demand, which is contributing to further growth of the area.
It’s the question on many lips these days: can you raise kids in an apartment, or will you end up being strapped into a straitjacket and carted off in a white van within the first 5 seconds?
Apartment living is on the rise in Australia (pardon the pun), as the increasing cost of houses puts the strain on buyers. With the average price of a house in the ACT currently hovering at around $562,000 and the average unit price sitting at just $415,000 (according to Allhomes data), it’s easy to see which is the more cost effective option.
But for young families, is an apartment really enough? It sounds like a recipe for disaster, right? Perspective decided to talk to Jacqui and Alex, a couple of apartment-dwelling ACT parents, to get their take on what it’s really like, if it’s feasible and how to avoid dramas. Continue reading
Many young couples listen to the conventional wisdom that they need to save a 20% deposit to purchase their first home, and certainly the more you save the better off your situation. But did you know that you don’t actually need that much in order to secure a home loan? You may be able to buy with as little as a 5% deposit.
Recently released data by Bankwest* indicates that it takes the average first home buyer in the ACT just over four years to save a 20% deposit of $110,000, but it’s not rocket science to figure out that if it takes the average ACT first home buyer four years to save a 20% deposit, it could take you only 12 months to save 5% – now that’s something to get excited about!
So it’s started. You’ve found yourself looking around your beloved abode and thinking that maybe it’s looking a little too big these days. It’s okay – we’ve all been there (or probably will be at some point).
At first, downsizing might seem like a bit of a drag. After all, why would you want to leave the comfort of your big expansive house and end up in (shock, horror!) a townhouse – or heaven forbid – an apartment? Well, there are lots of reasons, actually.