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My son is now 9. Since he was born we have been putting money into an ING account for him to use for a house when he is old enough to buy. On top of that, he has been receiving pocket money each week since he was 5, and he gets one dollar per year of life. He is now up to $9 per week. Out of...

You keep quoting a $350k loan. Let's talk about a $350k property. In the old days (when property was cheap :rolleyes:) you would need a 20% deposit plus purchase costs - in cash with no FHOB to help - to secure the property. That is $70k for the deposit, plus about 6% for the purchase costs =...

I added building and existing into the one post to illustrate the Gubbmint fees. Whether they are neg geared or not, the fees are still there for both types of dwellings. With a newly constructed dwelling, there is stamp duty on the land, and GST on the building and other associated costs of...

This is a worn out statement; no doubt from a younger renter who can't buy, I'd say. We've all been that person by the way. You make it sound like it all magically happened just now that investors hit the markets and ruined everything... People have been owning property and renting it out for...

Don't give our secrets away to the Trolls please! :D Oh...alright; they won't do anything with the info anyway, and we need to help out the real folk who are new and will have a crack.

This is the view of someone not 49 like me. :D I am here to tell you that every decade of your life is the best of your life in differnent ways. You are describing the lifestyle that most of the population follow. Let's not forget that most of the population are broke, tied to their PAYE job...

I for one have never said it was actually harder - I have always said it was hard. It still is, and I've said that too. What I also always say is that these younguns come on here and bleat about how hard it is now, and how "cheap" properties were way back when. They weren't. They aren't...

You are talking about now. I was talking about 7 years ago. So, in your opinion, there are a lot more cheaper properties in Melb to be found right now - wouldn't it make sense to try and look here in Melb instead of Canberra? You could listen to the advice of people like Our Obsession and...

The problem with Beebop is he/she is looking at only Canberra as a market indicator by the sounds of things, so we are all wasting our energy I'd say. I don't know Canberra; maybe it is a market to stay away from for now. A few years ago, we were in a position where we simply couldn't buy with...

Now you really are being ridiculous. I was lucky because I bought houses even when I couldn't really afford to.....and I worked really hard. Two jobs and all that..."Back in my day" :rolleyes: How do you know it was so cheap back then? Are you looking at stats for median income versus housing...

20 years ago and 20 years ago before that, the average house for a FHB was about 10 squares...maybe 12. No garage; a carport maybe. Weatherboard, tin roof, one heater and one bathroom. No air con, second hand furniture - not yer Harvey Norman 3 years interest free etc..... and so on. What's...

Correct Alex. People like Beebop seem to think that they woke up one day, decided they were going to buy a property and voila! it was the most expensive market in the history of the universe. The world revolves around only them at that point in time. They forget that everyone before them has...

That's an across the board stat. As a FHB, you can easily find cheap properties around to buy. Will they be any good? Not likely if they are in the closer proximities to the CBD or sought after areas. Your generation - like mine, and my parents, and their parents have to start with crappy...

Not sure what that means.... If you are looking for a PPoR, then I reckon the better way to go about this is to buy as soon as you can afford to buy... Buy well within your means and smash the loan down as much as you can with any spare funds you can gather. After a time - a few years...

Beebop, I see you have 43 posts so far, and I have managed to not notice you until now. Hope you are liking it here. I noticed you are talking cap growth projections, affordability, etc - as a first property, and getting all angsty about the whole one bed/two bed deal.. From my experience...