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    FHOG vs First Home Saver ???

    Hey all, I have been inspecting properties over the last 2 weekends (7 properties in total) and I have found one which I would be happy to put an offer on. My partners dad has been very helpful to date. Today he presented me with a newspaper article...
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    Local Council Regulations

    Hey guys and gals, How do you find out the local council regulations for subdivision/developments? Do you contact them and they have like an info sheet with rules and requirements that you have to follow (e.g. certain frontage, etc)? I would like to find a block, with decent frontage...
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    Backs onto Train Line

    I am looking currently at about 5 properties to be my first IP (initially PPOR then IP). One of these properties backs onto the train line, this train line is raised which means you have no privacy what soever. The asking price is 305K, whereas similar build houses in better location are...
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    FHB market, get in now, sell in a few months

    With the FHB market heating up, I have read a few people on the forum saying that this low end market may get 10% growth this year. Is it a good idea to get a property now and then sell later in the year? Maybe negotiate a long settlement and sell it in a settlement and have both settle on...
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    Unemployment tracking

    I have looked on the following website: http://www.abs.gov.au/AUSSTATS/[email protected]/mf/6202.0 and find that the nov08, dec08 unemployment figures are 4.4%, is this a good source to track the unemployment rate?? Chris
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    Supply of credit

    I have read in another thread on this forum about how the fundamentals in the market are great low interest rates, low unemployment, money moving from stock market to property) and we should be seeing double digit growth but we aren't, some say that the stagnation/falling is due to the supply of...
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    In 5 years time

    Hey guys, I'm considering a 300K purchase in Blacktown (Western Sydney), a 3 bedder house. With all the crazy talk of the FHOG and FHBs jumping in going nuts, and the unemployment/financial crisis/crazy low interest rates... Where does everyone see this market being in 5 years time? Like a %...
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    Blacktown - Streets to avoid

    I'm looking at Blacktown in Sydney's west and am wondering if anyone can shed some light on any streets that I should avoid and the reasons to avoid them. Chris
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    Demand High, then low

    I am in the market for a house around 300K in western Sydney (Blacktown). This is in the fields of the FHOG frenzy!!!! I won't be in the market till at the earliest Feb09. I checked RPData free suburb report and it shows an increase from 327K to ~380K in median prices for houses. This is...
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    Report Comparisons

    How does onthehouse reports stack up against the free suburb report from rpdata? Chris
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    Claiming the FHOG twice

    For eligibility of the FHOG all parties have to meet the requirements. Could someone put one spouses name on the title of the property, but have both on the loan (for servicing), then a few years later do a similar thing but with the other spouse on the title. This could allow double FHOG...
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    Settlement - FHOG

    I am getting ready to purchase my first home using the 14K FHOG in the first 6 months of next year. With the usual 30-60 days till settlement can I still claim the increased FHOG even if my settlement date is after the june cutout (that is if they drop it back down, but thats another issue)...
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    Sydney West Vs. Sydney Further West

    I live in Sydney's western suburbs and am interested in a 300K 3 bedder house. I can buy an older style house (1960s-1970s) in Blacktown, or move further out west for a younger house (1990s) in glenmore park (south penrith). What does everyone think? The older one will have lower...
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    Casual vs Part time vs Full time

    How does the being casual affect your ability to service a loan, the bank will see it as risky, will they count a smaller percentage of your income for loan serviceability when compared to part/full time. Is there any difference with part/full time for serviceability, except that the full time...
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    Affordability

    Dear Forumites, this is my first post on somersoft. I am interested in buying a 3 bedder in sydney's west early next year. Though they are advertised at around 300-320K. By the time I purchase I will have a total 30K deposit (including the 14K FHOG). My partner and I will have a combined...
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