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23-04-2015, 11:09 AM | #31 | |||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,443
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Quote:
The house was a tiny three bedroom, with bedrooms the size of my current walk in wardrobe and a lounge the size of my current bedroom. There was no garage and no air conditioning. Both parents had to work to meet the repayments. These days people want four bedrooms, walk in robes, theatre rooms, climate control, big screen TV's in every room, surround sound, three computers, I pads, latest mobile phones, three car garage, internet, wifi, pay TV, brand new luxury cars, over seas holidays etc etc when first starting out and then complain about the coast. May be buy a modest 3 bedder and drive a 20 year old car like I did back in the day and they would not have any problems making repayments.
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The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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23-04-2015, 11:13 AM | #32 | ||
FF.Com.Au Hardcore
Join Date: Apr 2011
Location: Gold Coaster
Posts: 1,307
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Man threads like this make me want to get out of the city and have a fresh start in the middle of nowhere.
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23-04-2015, 11:18 AM | #33 | |||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,443
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Quote:
So much better for the kids as well, they have the best life out in the bush, and miss out on nothing, unlike city kids who seem to grow up indoors playing video games, instead of being out and about every day.
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The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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23-04-2015, 11:21 AM | #34 | ||
FG G6ET
Join Date: Dec 2006
Location: Wesside
Posts: 253
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I live in Melton (It's nothing like its reputation) and you cannot beat it for affordability, even Bacchus Marsh is similar. I grew up here and built my first house here. Sure there are ********* but you can get them anywhere.
Just under an hour from the city, decent train service, Freeway right into the CBD and $400K will get you something very nice! Hell $300k will get you something nice!
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2009 FG G6E Turbo |
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23-04-2015, 11:23 AM | #35 | ||
FF.Com.Au Hardcore
Join Date: May 2010
Posts: 3,338
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Currently I am looking to buy a house. I have no problems in paying back the loan; my income is more than enough. The biggest problem I am having is getting the loan in the first place due to the deposit. I roughly need to save minimum $30000 for the deposit.
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23-04-2015, 11:41 AM | #36 | ||
Isn't it obvious?
Join Date: Nov 2009
Location: in a world of idiots
Posts: 5,383
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So house prices have gone thru the roof nationally?
Rubbish Only certain. Areas would have. Plenty of good houses on decent land about. If people want to pay 400 grand for a block that's 300to 400sqm well then you've got more money than sense
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08 Strike G6E T. 10 Ergo G6E Sept 75 XB Falcon in mushroom beige, 3 on the tree 200cid for sale, offers in the teens |
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23-04-2015, 11:50 AM | #37 | |||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,441
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Quote:
The government should give incentives to business to have their offices based in the regions IMO, everyone wants their office to be based in CBD where parking and driving is a pain in the ***. You've got decent train services out to Geelong, Bendigo, Ballarat for example, maybe Government should start offering incentives for people to base their offices in those regions. Hume City Council is offering deals and discounts to business to open in its region (even though its part of Melbourne but its the right step) and more incentives to hire locals as well. |
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23-04-2015, 11:50 AM | #38 | |||
FF.Com.Au Hardcore
Join Date: Apr 2011
Location: Gold Coaster
Posts: 1,307
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Quote:
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23-04-2015, 11:51 AM | #39 | ||
Pity the fool
Join Date: Jan 2007
Location: Wait Awhile
Posts: 8,997
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Staying within your means and starting with a more modest place instead of a McMansion would be a good start. I bought my first house in 2008 and it was a 3brm duplex half with a single carport, no aircon, no ensuites or any of that, made some improvements to the place to add value to it and when we were ready to move onward and upward, the equity that was released when we sold the place we used as a deposit for our new, nicer and larger house.
Be prepared to make some sacrifices to your lifestyle so you can get your foot in the door of the housing market, be reasonable about what you can afford versus what you'd like, and you're half way there.
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Fords I own or have owned: 1970 XW Falcon GT replica | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWD Proud to buy Australian and support Ford Australia through thick and thin |
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23-04-2015, 12:35 PM | #40 | |||
Banned
Join Date: Sep 2013
Posts: 2,087
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Quote:
They say they can easily afford the payments but dont have the deposit? But the bank manager will say if you dont have the discipline to get together a deposit, how can you maintain the payments thereafter??? |
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23-04-2015, 12:39 PM | #41 | ||
Banned
Join Date: Sep 2013
Posts: 2,087
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My advice is buy thinking ahead..
years ago I bought a house that was surplus to my needs, was difficult to buy... it was an investment property, it was rare to have a house of this size available for rent. yes i charged more and it didnt go one week without being rented over many years. I now live in it with a young family. If I bought a showbox to start with we would be looking to upsize now.. Ive saved on the transaction costs and hassle of moving. buy a bit bigger than you think you need. |
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23-04-2015, 12:43 PM | #42 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
Think first home buyers grant, roof insulation, government stimulus cheques etc. Great in theory, used and abused in reality. The incentive is that rents and property is cheaper. When I used to do my M5 cashback claim via mail I loved the fact I was sending the paperwork to Dubbo. I have heard of people working in the CBD into the evening and the company pays for their cab home because they don't have parking and feel their staff are not safe on buses / trains at midnight... Tell me that doesn't cost a mint.
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___________________________ I've been around the world a couple of times or maybe more....... |
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23-04-2015, 12:54 PM | #43 | ||
Regular Member
Join Date: Jun 2013
Location: Mornington peninsula.
Posts: 456
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Selling a house without paying stamp duty fees & other taxes associated with selling can be a god send. after selling the house we had in stonnington we owned for around 40 years we bought our other house.
New house we got, we also didnt pay stamp duty or other associated taxes because i was on disability pension at the time so i was except & mum & dad are pensioners they too were except from paying as was our first time claiming tax free. We bought it together 3 of us & saved mega bucks propably into mid 30 grand with both houses from not paying taxes. This is helpful when wanting upgrade house. But provided the house you sell was first purchased prior to 1983 i believe properties / houses bought before that year are stamp duty tax except. And you maybe eligible for exception from paying stamp duty when buying a house if you're on centerlink payments. Worth asking
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Proud owner of: 1970 Fairmont XW (waiting for restoration) & my daily Venom red 2003 BA XR6T Nick. Last edited by XW-BAXR6T; 23-04-2015 at 01:10 PM. |
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23-04-2015, 12:59 PM | #44 | |||
FF.Com.Au Hardcore
Join Date: Nov 2007
Location: Riff
Posts: 12,396
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Quote:
Or they may want to live in a particular area and that's the going rate. Not everyone wants to move further away from city,jobs etc. Like the old saying goes "you get what you pay for"
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FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC |
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23-04-2015, 01:28 PM | #45 | |||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,441
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Quote:
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23-04-2015, 01:32 PM | #46 | ||
Loving my '335' kW!
Join Date: May 2008
Location: Gold Coast, Queensland
Posts: 1,064
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We are currently building a house, and I have to say that prices have not really risen since we built last time in 2006. The costs to build do not seem to have increased, and where they have, it's because they now include things as standard that used to cost an arm and a leg.
Where the expense is would be land. Our new block cost $85K more than last time, and is 350m2 smaller, but we do have a flat block and the other was steep as buggery. Not a fair comparison, but in that regard, prices haven't gone stupid in the past decade. Speaking purely from experience on the Coast, by the way.
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FG X XR8 in Smoke. Smokin the tyres, that is! XR8 logo pic taken at Avalon Airport, Falcon Fanatic filming 17th October 2014 |
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23-04-2015, 01:40 PM | #47 | |||
FF.Com.Au Hardcore
Join Date: May 2010
Posts: 3,338
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Quote:
$1800 a month rent, it gets you a basic house in a basic suburb, around 30 plus mins from the City. I know there is cheaper places available, but looking at moving further out would cost me a whole lot more travel time to and from work, also the cost more to live out further. More living expenses. |
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23-04-2015, 01:50 PM | #48 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quote:
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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23-04-2015, 01:57 PM | #49 | ||
The 'Stihl' Man
Join Date: Jan 2005
Location: TAS
Posts: 27,585
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Thats the catch, if you can get work outside the city then all well and good.
The work needs to move out of our major cities.
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23-04-2015, 02:04 PM | #50 | ||
Thailand Specials
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23-04-2015, 02:05 PM | #51 | |||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,443
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Quote:
The way the bank see it if you can't save for a deposit then you cant really afford the loan or don't have the discipline to pay off a loan. Pretty much agree with this.
__________________
The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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23-04-2015, 02:23 PM | #52 | ||
Pity the fool
Join Date: Jan 2007
Location: Wait Awhile
Posts: 8,997
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Spot on, I'd move out of the city tomorrow if I could, but not much work for me in the bush.
__________________
Fords I own or have owned: 1970 XW Falcon GT replica | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWD Proud to buy Australian and support Ford Australia through thick and thin |
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23-04-2015, 02:25 PM | #53 | ||||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,443
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Quote:
Wife got a job working in a Cotton Gin, no experience ever, starting wage for inexperienced worker was over $1500 in the hand per week, for unskilled labour, more experienced staff and supervisors money was well above that and included a house to live in. (seasonal work only) She now works in the local school, earning good money. Quote:
People need to get out of the mind set of waiting for things to happen and need to make them happen. Everyone is different, I would not live in a Capital city if someone offered me double my wage and a free house in the CBD, could not do it, I no longer go to the cities as it depresses me, and I genuinely feel sorry for people and especially kids growing up there, was there too long and wasted too much of my life sitting in bumper to bumper in traffic for hours every day. I wish, but not smart enough for that, I sucked at chemistry
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The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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23-04-2015, 02:26 PM | #54 | |||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,443
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Quote:
The only people that have no work are people to lazy to work.
__________________
The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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23-04-2015, 02:32 PM | #55 | ||
Loving my '335' kW!
Join Date: May 2008
Location: Gold Coast, Queensland
Posts: 1,064
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I must be too naive, I honestly thought he was working in an ice works!
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FG X XR8 in Smoke. Smokin the tyres, that is! XR8 logo pic taken at Avalon Airport, Falcon Fanatic filming 17th October 2014 |
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23-04-2015, 02:43 PM | #56 | ||
Youth worker
Join Date: Dec 2007
Location: Ipswich QLD
Posts: 6,880
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Not sure about the current market, but we bought at the peak of the GFC when GovCo was doing everything humanly possible to stimulate the market. 557sm block just south of Newcastle (to the locals it was an eternity away!) for $220,000 with a 3 bedroom, 2 sunroom, huge lounge, dining and kitchen with 2 sunrooms and a freestanding double garage. Only needed to find 3% deposit as the first home owners grant was doubled, and the greedy lenders required less of an applicant than they do now.
And we have quite a low income! And we are now living overseas with renters in the house. Financially the bank said we couldn't make it work, until they saw that we buy all our cars with savings, we were putting away at least $500-700 per fortnight in savings with no loans and (back when we were applying) paying rent as well. From our perspective, you don't need a huge income, you just need to be smart with your money. Sure the market has changed, but as has been said, maybe you need to look further afield than your favorite suburb. When we move back to Aus in a few years, we are contemplating moving further from cities so my little boy can have the opportunity to experience far more than he can in a city. And he can really see what it means to be part of a community, not just live in some lego suburb.
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2007 FPV F6 Typhoon BFII, Neo. Build Number 325 2011 SZ Territory Typhoon Thread: Mr Brooksy's BFII Typhoon Territory Thread: Mrs Brooksy's SZ Territory Resurrection Old Futura thread:
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23-04-2015, 03:06 PM | #57 | |||
Former BTIKD
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
What do you do.
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Dying at your job is natures way of saying that you're in the wrong line of work.
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23-04-2015, 03:11 PM | #58 | |||
FF.Com.Au Hardcore
Join Date: May 2010
Posts: 3,338
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Quote:
Basically I have been working with a broker to get a home loan, She has been guiding me on what I need to do. She has said you can get around everything apart from the deposit. |
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23-04-2015, 04:15 PM | #59 | |||
Banned
Join Date: Sep 2013
Posts: 2,087
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Quote:
Guess what, the bank also wants you to eventually pay off some principle as well.. that will turn it into $3500+ per month. If interest rates shift upward 0.25% it will increase repayments $150 per month, will tip most people out if the $2500interest hasnt already. |
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23-04-2015, 05:26 PM | #60 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quote:
I think if you're main objective in life is to own a property and the cost of one in any of the cities is out of reach then, provided you can get a job, living in the country is probably the only solution. Yes, people say houses are cheaper there and you can live on less income, but the cost of rent and/or servicing a mortgage is not the only expense in life, so you still need income to pay bills, eat, buy petrol etc and to do that you most probably need a job. Once you have your country property you then gotta be happy living there. Some like it some don't. While I find the busyness of Sydney a pain in the butt at times, the country for me is a bit too far the other way. Plus the lack of jobs in certain fields of employment may make living there out of the question. If I couldn't afford to buy in the city I'd probably rent all my life a city dweller and perhaps buy an investment property in the country as an investment. That's exactly what I did in my early 20's not being able to afford a joint in Sydney I bought an investment property in a small coastal town.
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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