AzMahoony Hench, but no longer shredded or tanned. Member 3,343 Member For: 17y 8m 15d Gender: Male Location: Canning Vale, W.A Posted 17/04/15 07:49 AM Share Posted 17/04/15 07:49 AM can confirm, had honda jazz till after house was built. Link to comment Share on other sites More sharing options...
Lennox Member 2,586 Member For: 11y 9m 17d Gender: Male Location: Perth Posted 17/04/15 08:04 AM Share Posted 17/04/15 08:04 AM Life choices are pissing me off. As much as I love my car, I'm half tempted to sell the thing, pay off my debts, buy a cheaper car and look at buying or building a house. I'm over renting paying someone else's mortgage, especially when interest rates are so low...good idea. Doesn't make sense to me when people own a good car but live with their parents or rent What's resale on the vfs like though you might be hit pretty hard unless you've paid heaps off already Link to comment Share on other sites More sharing options...
.Stripes. All stock bar the k&n panel filter Silver Donating Members 8,061 Member For: 12y 9m Gender: Male Location: Perth Posted 17/04/15 08:13 AM Share Posted 17/04/15 08:13 AM Stripes it doesn't have to be a complete sh*t heap. I'm more than happy with a second hand SS until I can afford an Aston Martin.Yeah I know. I'm thinking maybe a VY Clubby, or maybe an 05 WRX or something like that. Can get either for under $15k...I figure that's a fair amount to spend on a car...could go less I suppose, but still kinda want something I'll enjoy driving and isn't getting tooooo old and high km. At which point, once I've sold the VF and paid off my debts, I'll have about $15,000 savings. That plus the $10k first home owners grant, if I build, would be enough of a deposit for a $500k house...if I spent that much. Kinda scares me how little you get for $500k in Perth atm Not to mention once the build starts I'll be able to smash as much savings as I can into an offset account, so that by the time the house is finished being built I should have reduced the mortgage by a bit. Then be a case of getting someone to live with me once it's built so I can smash as much extra into the mortgage as possible to get as far ahead as I can. If I kept my current wage and had someone living with me, I reckon I'd have the mortgage paid off inside of 10 years.Couldn't justify an expensive car if I was paying off someones elses houseIve had more sh*t boxes than nice cars but I built my first house at 21 and a 4th year appy with one child already alongWas driving an EA falcon when the first brick got layedNot to many people don't have to make sacrifices to get ahead, it's not a bad thing mate its just life sometimesYeah, see looking back I really wish I'd had more foresight than I've exhibited until now. I've been on over $100k salary for 4 years now and have bugger all to show for it besides a car that I still owe $22k on (don't actually owe it against the car, it's on interest free balance transfer credit cards) and a few other toys around the house...and all of like $4k savings . In reality, if I'd not been a tard I could have had $200k in the bank by now...or already be living in my own house good idea. Doesn't make sense to me when people own a good car but live with their parents or rentWhat's resale on the vfs like though you might be hit pretty hard unless you've paid heaps off alreadyReckon I could get $45-50k for it. Given I paid around $55k for it when factoring in trade-in of the GT, that seems about right for new car depreciation. Link to comment Share on other sites More sharing options...
Lennox Member 2,586 Member For: 11y 9m 17d Gender: Male Location: Perth Posted 17/04/15 08:18 AM Share Posted 17/04/15 08:18 AM That's not bad. Get a rice burner man. Soooo cheap to mod and you don't have to stress about smashing/scratching it etc it cos parts are cheap and the exteriors old anyway Link to comment Share on other sites More sharing options...
JETURBO ...JD TUNING ADELAIDE... Gold Donating Members 23,708 Member For: 16y 6m 12d Gender: Male Location: Adelaide Posted 17/04/15 08:20 AM Share Posted 17/04/15 08:20 AM In the right financial direction put enough deposit in to bypass LMI This is a horrendous fee that is slapped on if u can't front the coin This means u need 20% down On the first house its hard but so worth it Id hate to be buying in W.A , but due to the down turn maybe the market might follow ? Link to comment Share on other sites More sharing options...
.Stripes. All stock bar the k&n panel filter Silver Donating Members 8,061 Member For: 12y 9m Gender: Male Location: Perth Posted 17/04/15 08:27 AM Share Posted 17/04/15 08:27 AM (edited) Would love an S15 Lennox. Always wanted one, but they still command a fairly decent price considering their age etc. Their age is more what worries me about them too...getting a bit long in the tooth and having had the ass thrashed out of them for years. Want something fun, but still with a shred of reliability to it. Would still consider one though...Problem is, JET, that trying to put together 20% for a house will cost me an extra year or two of saving...which would work out to be more in rent than it would actually cost me for the LMI. Meanwhile I'm also not potentially getting the gain in equity from building. Edited 17/04/15 08:32 AM by .Stripes. 1 Link to comment Share on other sites More sharing options...
JETURBO ...JD TUNING ADELAIDE... Gold Donating Members 23,708 Member For: 16y 6m 12d Gender: Male Location: Adelaide Posted 17/04/15 08:37 AM Share Posted 17/04/15 08:37 AM I hear man whore pays well 1 Link to comment Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 4m 12d Gender: Male Location: South West QLD Posted 17/04/15 09:05 AM Share Posted 17/04/15 09:05 AM Stripes depending on the bank you need to look at where you actually stand with 25k. It may be the minimum 5% deposit but the bank will look at it this way.25,000 in bank.Conveyancing 1500.Bank fees 600Completion inspection of build 280Possibly 4000 up front for LMI.Title transfer and mortgage registration 788. That's about 7200 off your 25000 Reduces your deposit and borrowing capacity significantly.Also if you build I strongly recommend that you don't cut corners to save money. Ie: if every house on the block is 4 bedrooms.. build 4 bedrooms or your resale sucks arse.Also if building, the more fixtures and fittings you can buy yourself means the more 15% builders markups you can avoid.Big money savers are doing turf yourself and choosing a smart design of the house that minimizes separation between wet areas. 3 Link to comment Share on other sites More sharing options...
Wilko16 Donating Members 1,672 Member For: 17y 22d Gender: Male Location: Melbourne Posted 17/04/15 09:12 AM Share Posted 17/04/15 09:12 AM If you earn 100k plus The bank will throw money at you, just dive in head first and join the rest of us suckers giving our hard earned to a big bank in interest It's awesome 3 Link to comment Share on other sites More sharing options...
Pixy Angel Expert Donating Members 9,132 Member For: 19y 9m 16d Gender: Male Location: North Jamberoo, NSW Posted 17/04/15 09:42 AM Share Posted 17/04/15 09:42 AM (edited) What Panda said.im about to start building soon. If something cost a little more now to do and you want it do it NOW. Change your mind later and it will cost double or you'll go I should have done that.I just got my pool quote back today because it will need to go in before frame work $47k, NICE!!EDIT - ive spent around 8k and havent even started the build yet. Edited 17/04/15 09:44 AM by Pixy Angel Link to comment Share on other sites More sharing options...
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