Property

Twins join forces to jump into property market at just 22

ALL SET: Gladstone boys Dane and Sam Lehmann are only 22 and are jumping into the property market.
ALL SET: Gladstone boys Dane and Sam Lehmann are only 22 and are jumping into the property market. Mike Richards

IDENTICAL twins, just 22 years old, are joining forces to jump into the property market to build their first home.

Dane and Sam Lehmann were born and bred in Gladstone and have been looking to get into property for a couple of years.

Dane said as twins they generally do everything together, making the build an easy decision.

"We were both keen to go halves in a house, and it took a while to save the deposit and find the right place, but now seemed like a great time to make the move," he said.

Dane, who recently completed his electrical apprenticeship a year ahead of his brother, said while they are not the first of their mates to purchase property, it certainly worked out well sharing the financial load.

Once the slab on the block is down the boys will receive their Great Start Grant of $15,000.

The block is big and flat - and for the price we wanted, so we just took it for what it was.

The boys originally looked around, but finally decided on building in Peet's Vantage Estate, Castle Tower Terrace, New Auckland on a 900sqm block.

The twins purchased the land for $245,000, while the house will cost about $320,000.

They signed a contract with Gladstone builders, Absolute Homes for their four-bedroom Diamond Lifestyle home.

Dane said one major concept they wanted was two master bedrooms - which they will have, as well as three bathrooms.

The patio area will also be extended for entertaining.

"The block is big and flat - and for the price we wanted, so we just took it for what it was.

"We had some problems with other places - the valuation came in pretty low and they couldn't meet it.

"One thing we aren't very good at is organising, but mum is pretty good, and she only lives a short drive away," he said when it came to things like paperwork.

Property developers Peet Limited recently kicked off the new year with a new campaign, inspired by the recent up-turn in Queensland real estate.

The Kick Start Bonus campaign includes a low initial deposit of just $500, an extended settlement period, and up to $1000 towards legal costs.

The house is expected to be finished around July.

Peet Limited Vantage Estate chief executive officer Brendan Gore said the outlook for Queensland's property sector is quite bullish and mortgage inquiries are increasing.

"This offer from Peet makes it easier for prospective purchasers - both experienced and first time buyers - to take advantage of movement in the market, even if they don't have immediate access to enough cash.

Topics:  first home buyer gladstone property market real estate vantage estate



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