druxr6t Member 80 Member For: 15y 10m 14d Gender: Male Location: NSW, Sydney Posted 22/02/09 06:11 AM Author Share Posted 22/02/09 06:11 AM Cars up for sale to help with the house sale :( Link to comment Share on other sites More sharing options...
graham_h Member 39 Member For: 16y 1m 5d Posted 22/02/09 10:10 AM Share Posted 22/02/09 10:10 AM congratsunfortunately it's something I'll never achieve... it seems Link to comment Share on other sites More sharing options...
TaHa Member 948 Member For: 16y 6m 11d Gender: Male Posted 22/02/09 10:18 AM Share Posted 22/02/09 10:18 AM Nice man congrats! Buying a house is such a good fealing, and with the interst rates droping its even better! I just purchased a house 7 months ago and loving it. Link to comment Share on other sites More sharing options...
druxr6t Member 80 Member For: 15y 10m 14d Gender: Male Location: NSW, Sydney Posted 22/02/09 08:35 PM Author Share Posted 22/02/09 08:35 PM Thanks guys. I can't wait. It's going to be unreal to move in and actually have my own place, do what I want!I'm going to miss my xr6t, it's up for sale. If I can't get what I want for her, I'll keep it but looking at getting a ute for about 10k! Link to comment Share on other sites More sharing options...
ysoslo Member 28 Member For: 17y 8d Posted 23/02/09 01:29 AM Share Posted 23/02/09 01:29 AM congrats on getting your first home, great time to be buying Link to comment Share on other sites More sharing options...
Ralph Wiggum Moar Powar Babeh Lifetime Members 19,323 Member For: 19y 2m 10d Gender: Male Location: Perth Posted 23/02/09 01:45 AM Share Posted 23/02/09 01:45 AM Congrats mate! excellent time to buy at the moment too.I just sold my last remaining investment house ( i had three at one stage...... :cuddle: bills bills bills.) But investing when i was younger (23years old) allowed my wife and i to build what is pretty much our dream home and will be our family home and im only 29. I got be honest and say i was very lucky that i bought two place about 6months before the property boom took off here in perth. I'd like to say i was smart and invested wisely, truth is i was lucky..... I bought a crappy 30year old brick and till 3x1 in an average suburb for $159g in 03 and sold it x-mas eve last year for double that and some change. I lived in it long enough to dodge the capital gain as i got stung bad on the other place i had...... Link to comment Share on other sites More sharing options...
druxr6t Member 80 Member For: 15y 10m 14d Gender: Male Location: NSW, Sydney Posted 23/02/09 06:07 AM Author Share Posted 23/02/09 06:07 AM Thanks for your advice mate.I believe this property has alot of potential and the chance to make a decent profit down the track. Just so many possibilities with this house when it comes to renovating! I think once we have settled in for a few years, we'll look for another property and hopefully work our way up to our built house with some 'luck' Not looking forward to loosing the xr6t, sorta hoping no one comes up with the cash...! Link to comment Share on other sites More sharing options...
Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 17y 6m 7d Gender: Male Location: Melbourne Posted 24/02/09 02:02 AM Share Posted 24/02/09 02:02 AM well done mate, congrats Link to comment Share on other sites More sharing options...
ronburgundy I love gooold member Donating Members 1,222 Member For: 15y 11m Gender: Male Location: Melbourne (west) Posted 24/02/09 02:14 AM Share Posted 24/02/09 02:14 AM Congrats (to everyone who has taken the plunge!)A contrary view FWIW: I know plenty of people (mostly clients) who used to subscribe to the "pay it off ASAP" mentality.Problem is, they lived like tightarses while they were young and now they're not so young, they're not quite as 'able' to spend the money if you know what I mean.Say the house is worth $1m in 5 years - it's still worth $1m regardless of what you owe on it. So why not live a little?Especially with low rates, you'll have more disposable income now while you're earning less. In the future you'll (probably) be earning more and so you'll be able to splurge then anyway.Definitely a 'not for everyone' approach, but just some food for thought. Link to comment Share on other sites More sharing options...
Ralph Wiggum Moar Powar Babeh Lifetime Members 19,323 Member For: 19y 2m 10d Gender: Male Location: Perth Posted 24/02/09 02:27 AM Share Posted 24/02/09 02:27 AM Good point Ron,My wife has discussed this at length. We could afford to pay the house off quicker but i had my dose of living on baked beans and two minute noodles when i was earning shiit money and paying off the first two. This was also why we decided to sell off the second place. We could afford it, but i meant that we where less socially active and couldn't afford to enjoy ourselves as much (hense why it took me 2 years to justify a set of injectors, fuel pump and tune....and our next cruise will be the first on one of been on for over a year!!)We now have our (all be it not totally fitted out) family home and are committed to less than half on my income each month on the mortgage. It would be nice to be able to tell be i have a real estate portfolio but i wanna live as well!!IMHO as long as young (.....im 29.....) home buyers don't over commit and spend 500 or 600k on there first house buying a house (especially in the current slump and cheap rates) aint a bad thing!....... If we get another rate drop or two i'd be locking her in Eddy! Link to comment Share on other sites More sharing options...
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