I live in Australia. I currently hold 2 default (both fully paid) on my credit record totalling $2000.?

The 2 default wont be removed from my dub until early-mid August 2009. Currently i am totally debt free, but have issues beside getting hold of credit due to the 2 default. I am looking into buying my first home when the default procure removed, by consequently i should enjoy a significant money to be used as bond. My grill is, if i apply for a home loan contained by 2009, will in attendance be a prospect i may not acquire approved because i haven't have a devout credit history prior to applying and becuase at hand is no current credit on my entitle eg. from telco, guard loans etc. Now, whilst i lurk for my home loan, should i consider a motor loan (i know i wont achieve apporved from bank etc) from an organisation that specialisis within doomed to failure credit loans (although they are greater within interest) so that i can show the bank by the time i apply for a home loan that i am competent to committ to a loan, even though i own have a doomed to failure credit experience within former times.
Your suggestions are appreciated. Thanks

Answers:
I enjoy scheduled a source below of mortgage companies contained by Australia. They adjectives do business near desperate credit mortgage loans. They can probably aid you out.
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