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    Canberra Buyers freeze...

    Like any country town QB has its rich person parts, but it also has some NQR areas and I doubt they will ever change. ie parts of the dandenong area in melbourne has been and aways will be a crap place.
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    Canberra Buyers freeze...

    A good attitude does not equate to dollars. Its heaps easier for a couple to buy a 3 bedroom house, infact I'd say they're the only people who really can afford it in the current market. I think that is just basic math. What I find most bemusing is that I have a thread on buying a shitting...
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    Canberra Buyers freeze...

    Nah you had a go at me for saying I couldn't afford to buy a HOUSE. Now you're talking about units etal, which really have nothing to do with what I intially said.
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    Canberra Buyers freeze...

    The thing is you have basically turned around to agreeing with what I initially said. Funny how numbers can turn things around.
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    Canberra Buyers freeze...

    http://www.commbank.com.au/personal/home-loans/tools-and-calculators/home-loan-calculators/first-home-buyers-home-loan-calculator.aspx?need=1 380k at 10% is 1688 per fortnight, add in land tax and body corporate of 50 a week is 894 per week, the rest of which would be taken up on bus tickets...
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    Canberra Buyers freeze...

    You know that is exactly right. Unless you're planning getting rich quick out of property, apparently that is now admirable. Some people got lucky, so that means everyone must also get lucky too ? Right. After all you made a 600% return on a house you bought in 1990, so the same must apply in...
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    Canberra Buyers freeze...

    1) Interest rates are 7.81% at CBA and about 7.3 elsewhere. Even at 7% your math is wrong. 2) Good luck renting a room in a house in banks for $190 per week. 3) You can't buy an IP with a 5% deposit. Stamp duty eats most of that up anyway. 4) An interest only loan... I don't think that is a...
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    Canberra Buyers freeze...

    Well the bottom line is that a house will cost around 380k, which is currently around 700 per week in repayments, if rates are to rise, this could well become higher than my wage (~1000 per week). I don't know what part of your post will change that very simple mathematical calculation. I...
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    Canberra Buyers freeze...

    Yeah true but odds says it didn't sell for 265 and more like 300. It can certainly be done and I'm optimistic that I'll own my own home (for living purposes ) in the future but when you consider that if you wage is 1000 per week is and the reypayments are 700 a week, that doesn't give you much...
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    Canberra Buyers freeze...

    Those three years made a big difference to prices and it is hard if you are not married. Married couples are different, for a single people, canberra is a hard to buy.
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