NT couple plans to call Boyne Island home for long term
THE Caldwells moved to Gladstone in December from Gove in the Northern Territory.
The family of four, Don and Kelly with their two daughters Bodhi and Korby, rented a house on Tannum Sands for $500 a week and were happy there until they settled down.
Don and Kelly noticed a house on Boyne Island was going to auction and they went for a stickybeak to see how the auction worked.
The house wasn't sold and didn't sell for some time.
"It just hung around. It just kept sitting there and we loved it," Kelly said.
"Maybe it was a sign we needed to buy it so we did."
The couple was unsure if they could get a mortgage through a major bank because they had not been working in Gladstone for long.
"We went through a broker because they use multiple banks to find the best option for you," Kelly said.
"Kelly from Mortgage Choice did all the ground work. She believed Commonwealth was the way to go and we went with them."
They put down a 20% deposit on the house and the interest was about 5% variable rate.
"The more you go under 20% the more you need mortgage insurance which is very expensive itself," she said.
"We've bought a house now and we're going to be here for a long time."
The family loves their new house and instead of paying $500 a week rent they are paying that off a mortgage.
The two girls are fitting into their new school,
Don enjoys his job at Wiggins Island Coal Export Terminal and Kelly is considering opening her beauty therapy business from home.