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Madeline Horne
As you proceed towards home ownership I may be able to help out with some of the experience I have gained in over 30 years of homeownership.
I bought my first property in 1977 – it was a small one bedroom unit for the princely sum of $17,200. It seems cheap NOW but at the time I was earning $38.10 per week as a Dental Nurse. I sold this unit in 1984 for $39,800 and bought a block of Land in Mooloolaba for $25,000 and built a house for around $30,000.
At the time I was a casually employed at the Mooloolaba Hotel and had a second job 5 mornings per week at a Vet Surgery in Nambour. I then filled the houses spare bedrooms with friends who helped pay it off for me.
I have continued to buy property and my Partner and I currently have 5 properties, we have just signed a contract after an offer from Brisbane City Council to purchase one of our Brisbane Properties that will leave us debt free with 4 properties – 3 of which produce rental income.
This situation did not happen overnight but rather it was a well thought out plan that we have actively worked at for many years.
Along the way I worked in the Building Industry as Sales Manager with AVJennings one of Australia s largest builders and in my role acquired land, selected and sited homes to suit, set up land contracts with Soil and topographical survey testing, organized finance, color selections, and guided many happy new home buyers through to ‘Move In’ day.
I have also worked for other Building and Investment companies and worked in all areas of the Property Market and I also hold a current Real Estate License. It can be daunting when you do build or purchase a home for the first time but with the decades of experience that this team offers it can be made a reality. |
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