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#181 | |||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
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#182 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Definately everyone scenario is different. We seem to move every two years so buying for us just doesnt make sense.
So we will continue to save until we know where the heck we will end up. There are certainly days I am glad I am renting, dont have the time for house maintenance etc. But there is always that niggle in the back of my mind about it being "ours".
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#183 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,334
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yep, horse's for course's.
We should respect what everyone decides what works for them...... Everyone will think they have made the right decision compared to the other. Thats life.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#184 | |||
Moderator
![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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Renting is fine while you are still able to work, but if worse comes to worse and you have to survive on the pension (if it still exists a few generations from now) or have little super or money to see you through your retirement... At least you won't need to worry about paying the bulk of it on rent. If God were to come on down and appear before me, prove he was the almighty, and said; "My son... I have some bad news for you... You will die before you get to retire". I would respond; "Thank you so much dear lord... Now I don't have to buy a home... I can rent a penthouse, never worry about home maintenance and just enjoy my life since I don't need to provide for decades in retirement!" However.... Since God did not come down and help his only son Jesus as he was nailed to the cross.... He isn't coming down to help you or I! So I worked hard, paid off my mortgage and own a roof over my head just in case I live 35 years in retirement till I'm 100 and need to survive on the pension alone. ![]() |
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#185 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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#186 | ||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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That's the operative word here: respect. Its a shame many are incapable of presenting their side of the debate without making personal or aggressive comments. What most don't realise is how telling their comments are and it is not uncommon for people to put others down for behaviour they often engage in themselves. We have all been guilty of that at one point or another so remember, if you don't agree with another's comment, ask yourself why it upsets you so much, before launching into a written diatribe of abuse. You will be surprised at your reasoning.
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#187 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,900
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Remember the old thread about this... from about 2009 where the world was going to fall apart and all us investors were going to be on the streets......
Makes me think of Elton Johns I'm Still Standing.
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#188 | |||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
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Quote:
And it will correct, for one simple reason: “Anyone who believes in indefinite growth in anything physical, on a physically finite planet, is either mad or an economist.” - Kenneth Boulding.
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#189 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,251
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Clearence rate for Sydney over Queens B'day weekend saturday dropped down to 67%.
Melbourne was still high at 80%. Only time will tell? |
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#190 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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#191 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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I didn't mean to offend you with my comment earlier, I was just pointing out that whilst you're happy with your circumstances, so too are those who chose an alternative. In 2001 I did both on a single wage, there's no way a young couple who want kids and want to raise them in their home and not a day care centre, can get onto the property ladder on a single labourers income in 2017. So yes, it is much harder to get on the ladder than it was 20yrs ago. If it comes down to a decision between owning property or having kids, Australia is stuffed. Last edited by BENT_8; 14-06-2017 at 12:52 PM. |
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#192 | ||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
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#193 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Yes we could afford the loan if we wanted it and the banks regular calls to see if we've made a decision yet would suggest they are happy with what was presented. Yes we save, anther myth spruiked by the property investor, that unless you are tied to property as a means of saving for the future, that you blow money on smokes, booze, gambling or drugs as fast as it comes in...lol |
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#194 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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Quote:
Last edited by au350hp; 14-06-2017 at 11:09 PM. |
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#195 | ||
Donating Member
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Location: Da Pax
Posts: 8,279
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#196 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,334
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yep, Sydney prices are falling lol....all depends where in the metro.
Summer Hill, 5mins from cbd...these would have street parking only I expect.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#197 | ||
Performance moderator
![]() Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
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In 14 years bought rental for 300k sold the other day for 670k ..
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#198 | ||
Donating Member
![]() Join Date: Apr 2015
Location: Da Pax
Posts: 8,279
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Yep, "the hill" is a real hotchpotch of different houses built quite a while ago, tiny workers cottages to mansions, my joint is similar to the one in Wellesley st, bought for high 7's in 05, I hated paying that much then.
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#199 | ||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
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Summer Hill was our initial choice but I never found a house with garage and off-street parking that I could afford. Ended up on the other side of Old Canterbury Road in Dulwich Hill where the houses were bigger and cheaper at the time.
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#200 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,334
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ol Dully.
and once upon a time all these areas were cheap as !
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#201 | ||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Everywhere was cheap. Came across the Real Estate liftout from a 1972 edition of a Saturday Sydney Morning Herald found while going through our company's archives recently - 4 Br house in Cremorne Pt with harbour views, $34,000
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#202 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,334
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yep this is life....
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#203 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 7,691
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#204 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Update. It is looking like I will get unconditional finance approval next week and so I can exchange.
Nearly there but I'm doubting the vendor's ability to meet their own 30 day close with the tenant still there. I will only settle on vacant possession. I have to laugh that you get charged $106 to go through the body corp books. You pay to do the work yourself ![]() Last edited by MITCHAY; 24-06-2017 at 04:07 AM. |
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#205 | ||
Fiat POWAAH!
Join Date: Nov 2005
Location: Western Australia
Posts: 2,309
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Ask those who bought in places like port hedland how they're doing
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Holden: If you cant beat them, buy them. |
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#206 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,900
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If something sounds too good to be true it probably is.
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#207 | ||
Fiat POWAAH!
Join Date: Nov 2005
Location: Western Australia
Posts: 2,309
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More the massive drop in prices.
Some people got burned hard...but then prices were massively inflated anyway https://reiwa.com.au/wa/port-hedland/6721/ $1.25 million down to $355k in 4 years 😲
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Holden: If you cant beat them, buy them. |
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#208 | |||
FF.Com.Au Hardcore
Join Date: Feb 2008
Location: WA
Posts: 3,705
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Quote:
Paid $190k. A couple of years ago that very same house was on the market for $2.5 million.
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#209 | ||
FF.Com.Au Hardcore
Join Date: Aug 2008
Posts: 548
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People complaining about capital city prices are one thing but have a look a what people are paying for northern N.S.W around Mullum and up to the border. It has me scratching my head how they can justify the prices. Unless you are a tradie your only employment would be service industry. Stuff all else to rely on and if it is majority Sydney retirees on super driving that economy they best hope a sharemarket crash doesn't happen along with a housing downturn.
My rellies bought into Mullum 40 years ago, the last of them has a land holding of 100 acres or so. When he thought about selling a few years ago his appraisal was $750-800 grand. That now is an average price for a town block with an house or alternatively you can spend $750,000 and buy ONE acre a short drive out ! Then you can build your dream home. One word , CRAZY. |
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#210 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,251
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Hopefully a bit of a slowdown coming soon?
It cant go on forever! http://www.afr.com/real-estate/nab-c...0170713-gxaa5m |
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