Although me and the missus have been dutifully saving money for a deposit for our first home. We have been bouncing back and forward over ideas for awhile now upon whether or not buying a PPOR (principal place of residence) is the best place to start, or whether perhaps buying an IP first (investment property) would be more beneficial.
Looking for any thoughts from more experience people if you can share !
- Is it a decision you have already made ?
- What would your decision be with hindsight ?
- Or just what do people feel in general is the better path to follow at this present state in time ?
Obviously any advice cant be specific to our situation, but i think its important to keep in mind we are eligible for the First Home Owners Grant, and reside in qld (so also have stamp duty benefits as a first home buyer if purchasing PPOR i believe ?)