Search results

My sister does not want in on the property game. They want to buy a home as shelter for their family. A place to maybe have the odd barbecue. Let the kids have a backyard. They are quite positive about everything because for them they are bombarded with positive media spin on an almost daily...

Im not a typical FHB skater, and my case is different. Using me as an example does not make sense. Are you that hard up to contest my views that you have now resorted to trying to attack my credibility instead of my views? Here, let me show you how this foreigner was thinking 750k or so...

So what happens when the owner defaults on payments...

I am an immigrant Skater. I sold up before I emigrated, and had a large capital base to work from. I was fortunate enough to come over with about 750k. I bought my home, and was going to use the equity in that along with the spare reserves to buy a few more IP's. I made most of that through...

Im also 32 And those weatherboard homes in the suburbs cost just as much as the newer homes do in the outlying suburbs. a 350k home is a 350k home, the mortgage payments are going to be the same As a percentage of income, a newer home could be had if you are prepared to travel. But at...

First was a mistake. Contraceptives failed. These kinds of things happen. They have no regrets. Which is what they are doing. As mentioned, 35km from perth, not a great area, but seems to be getting better. They are trying to be realistic No, they are aiming for a 20% deposit. Grant will...

So for a young family to want a 3x1 in a fringe suburb 35km from Perth somehow makes them unrealistic, even though hubby earns more than 20k a year more than national average? No, they are two young boys. But I guess these days the Australian standard of living has reached the point where...

So you are 45+ then. Which means you are so far out of touch its not funny. You never had to buy a house at these kind of debt levels or when the difference in value/income was this high. Seriously, you DID have it easier. Clarkson is a cheap area. The median price is what in perth...

Thanks for your insightful feedback weg. I see you took the time to read through this entire thread and ensured to the best of your ability that you had a handle on what had been discussed up until now. Im 32 Im no FHB mate. I live in a big home in a decent area. I own it outright. I own...

Keith, way to rip a thread to pieces so someone cant reply to it. You set a fine example as a moderator, not to mention failing to read through everything so you could put it into context. No, her decision to stay at home is not a lifestyle choice. Day care costs per kid are over $50 a day...

Ok, so you dont base your views on statistical information or facts, just basic assumptions based on anecdotal views and personal experiences? How soon does that happen? The day they move out? Is this another basic assumption or do single people cease to exist after the age of 25? Yep...

I dont know Canberra, nor do I know what your taste in houses and expected finishes are. In Perth, you can build a respectable 4x2 for under 170k. This in a state with a mining boom where tradies were all off making a killing on the mines. They not trying to buy the average house. They are...

So? Look at the numbers. As a percentage of income, what real impact has this had on HOUSE CONSTRUCTION prices? Building a home is not much more expensive to justify your view Most families have both partners working? You reading way too many property investor magazines. :) Ill ask you to...

Building techniques, better materials and skills have improved. The quality of the homes we get are better. But relative to what we earn, they dont really cost that much more than they did back in the day. Like I say, 170k is going to buy you a very big home with some nice finishings. SPend...

I take it you are 45+??? I am in the market. I love property. I own one and I am paying off a second. Stop making assumptions please Still, you make the same mistake everyone else does. Black and white TV's cost money 25 years ago. As a percentage of your income, Im willing to bet they...

Here is an example for you. My sister is a stay at home mum with two kids. The amount of money she would spend on daycare makes working quite expensive for them. So she will stay at home with the kids until they are ready for school, and the probably get a half day job. So they are on one...

Yes, but that is the median home today! Just because building standards and quality has improved does not mean that it is above average. IT IS AVERAGE. Just like it costs less to buy a TV now then it did 30 years ago, so too has the quality of housing improved.

Yes, I own my home outright. The second has a small mortgage, which I rent to my sister at way under market rate so they can save a deposit for a home of their own. What has that got to do with anything though?

Most first home buyers are not on an average income. Im sick to death of people comparing anecdotal views to very simple and easy to understand facts: 30 years ago, median price was 2-3 times annual wage Today, median price is 6-9 times annual wage depending on where you live It has nothing...

The very next paragraph says The proportion of Australian households who own their home outright (that is, without a mortgage) has been far from stable. Based on data from the Census, the rate of outright home ownership fell from 45 per cent in 1947 to 32 per cent in 1976, rising to 43 per cent...