home loan after school?
The end of the school year is coming up fats and im starting to think about what i want to do afterwards. i was considering taking a gap year and earning some money. Hopefully enough for a deposit on a house. i was then thinking about moving to brisbane and taking out a interest only home loan on a small 2 or 3 bedroom house. This would mean i could rent out the spare rooms for the cash to put towards the home loan. plus help from centrelink after my 18 month period and a small part time job. I would then either hopefully fix up the house a little bit and sell after a while. My questions are: Would i be granted a home loan at such a young age even with a deposit? Would i make a profit in a city like brisbane? I would appreciate any help with this matter.