Xr6t And A Mortgage?

[PASHEN]

All this advice about buying property is spot-on. I think the next 6 months are when the great buys are to be found.

There are currently more people selling their properties than there are buying. Plus interest rates are at record lows and still to fall. I reckon the standard variable interest rate will drop to 5% by Easter.

You'll get the toy0 you want, and I know how tempting an XR6T is. Better to set yourself up financially and then buy your XR6T - you'll appreciate and enjoy it so much more.

[R-SPEC]

They'll go lower than 5%. My money is on at least 4% by March '09.

It's amazing how much interest rates effect incomes. My partner just finished up work as we're having another baby in Feb, so we're down an income, but I rang my bank the other day to reduce my mortgage payments down to the latest interest rate and it dropped over $600 a month! Crazy stuff.

If you've already got a mortgage, at around the start of the second quarter of next year, shop around for the best interest rate (it'll probably be the Commonwealth) and move your money there and fix it for as long as you can. You'll save a bucket load of caaaash. :sniffle:

[Under-Pants]

[SAPNEN]

I live with Mummy and Daddy and have a loan on the T...

Looking to buy a house early next year, renting - no way I'm gonna pay some other clowns mortgage!!!

I work the mines as it seams others on this site do too, I'm 23 and soon to be in a house but the T was first on the list... Got a sweet discount on it back in my BHP.B days.

Just out of interest how is the economic crisis affecting the other miner dudes?

I work on a gold mine and the gold price is ok, the poor AUS dollar at the moment means the exchange rate is good for gold mines in AUS = My mine site aint shuttin down...

[tig]

Sapnen, I must be a clown then, your right though mate, buy as early as you can as renting is just dead money. A lot happening in queensland mining at the moment and some of these guys making good dollars.

[SAPNEN]

A lot happening in queensland mining at the moment and some of these guys making good dollars.

Do tell... I live in SE QLD but work in the NT, gettin sick of the NT... I would love to find mine work in QLD prefferably 1 week on 1 week off FIFO. What mines you talking bout?

[Marky Mark]

This is a great topic guys - I had a beaut XR6 Turbo in Blueprint (my fave) a couple years back but then got silly and got married and bought a house and couldnt afford both the car and the house. I'm 31 (ripe old age) and have now been around the block a few times so to speak and for those young blokes out there thinking of offloading their cherished Turbo in lieu of a house - DON'T DO IT! - you will be miserable every time you see one drive past you while youre sitting at the traffic lights in your 'sensible family car'. I'm currently in the market now for getting myself another XR6T in Blueprint or Shockwave as I've finally got my finances sorted after years of struggling. Please let me know if anyone hears of any nice, but not too expensive ones going around in Adelaide or elsewhere.

P.S. (wife has demanded I put on here that it was my choice to sell the car and wasn't forced to - she loved the car too

Edited 21/12/08 07:30 PM by Marky Mark

[Tocchi]

21, living with parents and working offshore

got FG for $53500 and on finance... got about $20k left to pay

ordered it back in March, and got it July, so im locked into a 10% interest rate... sucks the bigone but hey, im 100% happy with the car

I could of paid it off by now, but ive thrown $14k ish at it for mods (Simmons rims, Brembos, tein suspension, tint, spoiler, etc)

and ive got the other toys too haha

[Venom XR Turbo]

im 22 yo.

3 months work in the mines last summer (in between uni semesters) got me the phoon and mods fully paid outright.

I have 2 rental properties with mortgage atm. just shut down my own business to work offshore with my engineering degree next month. its exciting to see where we will end up as a property investor... change is afoot! I do hate playing the waiting game! at 22, I can afford to take risks so im unsure how to play the next couple of yrs - but there will probably be a couple of both steady, and speculative decisions in property and/or stock.

Venom

[Dirty32]

Sound like a smart kid venom...

What Engineering degree do you have?

I didnt think people got paid so well for vacational employment at the mines...

2 properties and a modded phoon at your age is excellent.

Tocchi - What do you do offshore?