Xr6t And A Mortgage?

[R-SPEC]

If you're looking to buy, then buy buy buy and fix it for 5 years because by the time you settle and sign loan docs etc the rates would have most likely dropped again...

[xr0500]

  R-SPEC said:

If you're looking to buy, then buy buy buy and fix it for 5 years because by the time you settle and sign loan docs etc the rates would have most likely dropped again...

Yeah im thinking about fixing part of the mortgage, but not sue how low it will go?

Australia is in a good position in that we follow global treads and not set them, so we can look at europe, america etc and kinda predict were things like interest rate are heading.

Dirty32, its an awesome first time experience, massive commitment, but just look at it as an awesome savings plan, with (hopefully in the long term) some of the best returns on your cash you could ever hope to get.

Oh and you dont have to pay friggin' rent and line somebody else pocket, good luck buddy

[Dirty32]

Cheers dude...

Yeh, I see it the same as you. I can deal with the commitment (girlfriend doesnt seem to think so lol!). I earn good enough money to get something nice and pay it off as a kinda forced saving... Otherwise my money just goes on other useless sh*t and goin out so its about time I started getting ahead.

Iv rented before and felt kinda silly paying someone elses mortgage when I dont have too. As you said, few reno's here and there and hopefully things will start looking up in a few years time and I can move forward with a little bit behind me.

Im excited though, cant wait to get involved!

[benzau]

  maco_boy said:

well think im the first to post that im living at home and own my own t,

im 19 saved for a whole year to get one,

saving for house now since I dont pay rent or anything like that but I do give money to my parents here and there,

Mortgage on house (180k left to pay off)

Own the T Outright (well.. used some of the mortgage to pay for some of it, but its not on a loan / pay thing)

Drive 1200-1500k's a week in it, mightaswell do it in comfort.

[phredd]

Hats off to all the hard workers out there...

I own the "T", house, units etc.... But took a lot longer than you guys seem to be....

Now I'm at the age where I can afford to play

I just look pathetic cruising with middle age spread and baby seats... lol

[lil_bodes]

Intrest rates dropped so we got a "mini T" (xr5turbo) to share the stable. Yeah its on the mtg but some quick work with the calculator and a direct debit from the pay office and it'll be paid off pretty quick. Like phredd bit older and a couple of ankle bitters so time for parental toys!!

D

[SCRIBR]

  Dillz said:

As much as I miss my T I'm looking at the big picture

... But I want a T again!

p.s. you guys miss me?

[XXRLNT]

welcome back SCRIBR

[Under-Pants]

  R-SPEC said:

You know, it would probably be cheaper to take flying lessons in a cessna!

I dunno mate, speaking from expierence its $200+ an hour

I turned 18 a month ago tomorrow. 2008 was taken mostly by finishing school & working casually on weekends/holidays to get spending money and to pay for my first car (bucket) and a few other small things (thumpstar & sh*tter skid car, Private Pilot's Licence).

After finishing the last of my exams late November, I had a week or so to myself before starting 2&1 FIFO. I work here in Perth for similar $$$ on my week off (allowing one day for the mandatory fatigue management rules) which gives a big boost to my take home $$$. IMO it's not sustainable working this much (two days off in nearly a month) but for the time being while I'm trying to get ahead I say bring it on.

I recently decided that after my next swing I will lay about $10k down on a ~$38k loan for a BF II Typhoon - provided the one I'm considering is still for sale.

Then in 12-18 months I'll be looking to lay down ~$100k cash (including the $14k federal grant) & borrow ~$300k to get into my own 4x2 with mates in one of the newer Perth burbs - Right at the height of the recession when house prices are at a low and you can get a very low fixed rate loan. I think I'm in a good position - the RBA overnight target rate is at an equal all time low and is set to be slashed again. Already it's only 4.25% (still a rip off) and Australia is not even technically in recession yet, just.

I'd lurrrv to see mates/family members of mine do the same to get ahead but it just doesn’t happen enough unfortunately

I take my hat off to those who work their asses off when young to get ahead, if it’s you, pat on the back

[Pixy Angel]

The wife and I brought our block of land when we were 21. Sat on it for about 3 year almost payed it off before we built our house.

At 25 we had a first child and 16 months later we had our second, wouldn't change it for the world, the best thing that could of happened. Love them all to death.

We own 3 cars, 2 outright and a small amount on the 3rd. Plus still paying off the house.

I'm now 29.