Moving State.
Hello Everyone,
Thankyou all once again for your support and positive input.
Well what can i say? How can i say this? I'm feeling rather nervous and it's not because i have an ip but, i think, because i don't
In one of my prior posts i mentioned that i may be moving to NSW to study at sydney uni. Well now it looks highly likely that i will be moving there late Feb / early March.... i suppose... maybe earlier if it turns out a time better to go.
All this reading and thinking, and now when i believe its actually time to do something and i don't feel at all sure of myself or confident. Infact, i feel as though i have no idea where to start.
Moving to sydney means that i must find accomodation. My parents are along the lines of thinking that i would simply have to rent a place- infact maybe spend ridiculous amounts of money staying on campus for a semester until i could find a place, meet friends, get comfortable with uni and sydney and all that sort of stuff before moving off campus. Actually, if it wasn't maybe for the desire in me to hope there is some way out of this they would have me resigned to this design... which maybe be ok.. but i think there is a better way.
I want to purchase a place. perhaps just one room- i've looked more and more at sydney realestate [so much for all my time spent checking the melb market haha- tho still not a waste of time.] and i've spotted a few places that are around camperdown/glebe and surrounding suburbs @ ~150k which seem ok. But it seems i am stumped when it comes to getting a loan from the banks. Actually, i'm sure i would rather buy a bigger place say 2-3 rooms, but that would require an even larger loan. I could then maybe rent some rooms out... possibly to mates i could make in Sydney. If i could get a loan ideally i would want to buy a whole block of flats.
But just about all the people around me, have me convinced that its not going to happen- financially. I have 11k saved. I'm working now after exams for almost 400 a week. I'm considering getting another job and working evenings maybe boosting my earnings to ~800/week while i'm still in Melb.
I'm trying to look for options here- maybe i could qualify as an independent student and receive rent assistance and youth allowance? I just feel that i'd rather be owning the place and paying the p&I or even just the Interest rather than renting from someone else and paying their mortgage. After at least 4 years in sydney paying rent i'm not left with anything... maybe this is the wrong pyschology regarding renting... i have read about the benefits of renting... but i want a Ip! i might have to look more closesly at the possibility of renting and servicing an Ip?
I have to get work done on my car.. again... could be up for 300. my fone is dead and i'm trying hard to resist shelling out 500 on a nice sony ericsson but i think i'm really losing that battle.
When is the next melbourne meet?
What to do? Read more of the forum? I want to act already! I would like to live around camperdown just because of the locality to the uni and city etc- but it may not be the best location. I don't know. There could be better places further out from sydney that are say 1/2 hour on train to uni. One thing is for sure, i'm really not planning to bring my car with me!
Thoughts, comments, suggestions, advice, guidance are all more than welcome!!!
All the best,
kris.