QUOTE(Nemesis1980 @ May 9 2013, 05:22 PM)
You're right. But do bear in mind near train station also got those hinky panky people loitering around. I think, park your car there, take bus or train.
Your banker is right. In order to reduce the risk on the repayment issue, it's the safest but how many can fork out 20-30% downpayment??
My situation is that i have 2 kids here and yeah i have two condo units. Even i sell off 1 of the unit only can turn out like 15% only after conversion.
1st homebuyers (FHOG) got this AUD7k given by government which i think can settle lawyer fees. I think the agent fees can settle thru top up loan.
I think you case is much simpler than mine. now i need to scratch my head how to get job 1st, relocate children, looking for house...
Don't choose a house right opposite the station lah, else you get the train to "wake" you up everyday

A house within 10 minutes walking distance to any train/bus station will be just fine. You might also want to choose a house within reputable school zones, for e.g. in Perth high schools like Rossmoyne, Willetton & Applecross are one of the popular top schools here. You don't hire a lawyer here, we hire a Settlement Agent where he will do all the necessary submition of documents & fees, but they'll charge around $1500. Have a look below an example of the breakdown of the fees and charges:
v Purchase Price $939,000.00
v Our Standard Fee ($2,343.35 less 50.93% inc GST) $1,150.00 (Settlement agent fee)
Government Fees
v Stamp Duty $39,474.00 (4% of purchase price)
v Registration Fee $350.00
v Title Searches $84.00
v Water Corporation Enquiry Fees $41.35
v Approximate Local Authority Enquiry Fee $65.00
v Land Tax Enquiry Fee $35.00
v Clause 42 Enquiry Fee $25.00
v Approximate Landgate Fees $30.00
v Total GST on Disbursements $35.54
Disbursements
v Bank Cheque Fee $10.00
v Postage $25.00
v Telephone $25.00
v Photocopies and Miscellaneous $15.00
Total:980,364.89
You'll also have other optional things like building & pests inspection fees if you're not buying a brandnew property, which will costs you about $600.