+ Reply to Thread
Page 3 of 7 FirstFirst 12345 ... LastLast
Results 21 to 30 of 69
  1. #21
    Join Date
    Dec 2009
    Posts
    2,290
    Thanks
    2,377
    Thanked
    903
    Reviews
    72
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    We just bought our first place in July.
    We went with established so got $5000 in first home owners grant.

    Had a $30,000 a deposit and paid around $15,000 in conveyancer fees.
    Our loan is 235,000.
    The conveyancing cost was a massive shock to us, something I really didn't think would be that much!

  2. #22
    Join Date
    Jan 2010
    Location
    online
    Posts
    1,146
    Thanks
    247
    Thanked
    461
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    I bought my first place when I was 21. I found the hardest part was finding the right place, so I hired a property agent to do the work for me. I was shown several properties every week for a year! I ended up finding the apartment on my own but they did the negotiating for me and that is what I paid for because I would have given them anything they wanted for it. They ended up saving me about $80 k!! Well worth the $7k I paid them. I'm not sure about deposits or loans because I bought my place outright.

  3. #23
    Join Date
    May 2013
    Location
    Brisbane
    Posts
    104
    Thanks
    1
    Thanked
    18
    Reviews
    0
    We bought our first place in July. It was 350,000. We saved 50,000, so took out a mortgage of 305,000 to cover the legal expenses. No stamp duty as it was our first house. We took 3 months to furnish it slowly.

  4. #24
    Zombie_eyes's Avatar
    Zombie_eyes is offline Formerly Diamondeyes
    Winner 2012 - Biggest Computer Nerd
    Winner 2013/14 - Funniest Member
    Join Date
    Aug 2011
    Posts
    9,354
    Thanks
    2,835
    Thanked
    9,033
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a week
    Scary!! All of it!! Eeep


    Mumma to two beautiful boys on the spectrum and one special little girl.

  5. #25
    Join Date
    Nov 2011
    Posts
    403
    Thanks
    105
    Thanked
    167
    Reviews
    0
    Quote Originally Posted by RobinSparkles View Post
    We just bought our first place in July.
    We went with established so got $5000 in first home owners grant.

    Had a $30,000 a deposit and paid around $15,000 in conveyancer fees.
    Our loan is 235,000.
    The conveyancing cost was a massive shock to us, something I really didn't think would be that much!
    Wow y were the conveyancing fees so much can I ask?

  6. #26
    Join Date
    May 2013
    Location
    Brisbane
    Posts
    104
    Thanks
    1
    Thanked
    18
    Reviews
    0
    We paid 3000 conveyacing fees, so its not that high. I dont know why PP paid had to pay so much.

  7. #27
    Join Date
    Jul 2010
    Posts
    10,301
    Thanks
    3,122
    Thanked
    6,312
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Maybe she was including stamp duty as the conveyancer would have asked for that so it could be paid before settlement

  8. #28
    Join Date
    Mar 2008
    Posts
    6,311
    Thanks
    2,387
    Thanked
    4,599
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    I'd say it included the stamp duty. Unless it was a really complex settlement - multiple properties, trusts etc

  9. #29
    Join Date
    Aug 2012
    Posts
    62
    Thanks
    0
    Thanked
    6
    Reviews
    0
    An offset account is a must - it's saved us absolutely loads of $$$ in interest. I can give info on how it works if OP is unsure.

    Don't be afraid to ask for a discount on interest rates especially if another bank has offered a lower rate. The worst they could do is say no!

    Allow for an increase in interest rates if you're going variable.

    We bought our first home in 2007, we're in NQ. Had about 25% deposit so avoided LMI, cost was $360k. At the time in Qld, stamp duty was waived for first home buyers under a certain $ amount, and we got $7k fhog. Through the use of an offset account our loan amount is now down to $180k.

  10. #30
    Join Date
    Dec 2009
    Posts
    2,290
    Thanks
    2,377
    Thanked
    903
    Reviews
    72
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by grooviechic35 View Post
    Wow y were the conveyancing fees so much can I ask?
    Yes sorry I was meaning everything we paid that they sorted out on our behalf as well.
    The actual cost of the conveyancer was only about 1800, didn't word that very clearly sorry!


 

Similar Threads

  1. Buying help
    By YMo7 in forum Mt Gravatt / Mansfield / Wishart
    Replies: 21
    Last Post: 09-07-2013, 18:51
  2. Buying first home soon!!
    By Mscomplete in forum House & Gardens
    Replies: 3
    Last Post: 18-05-2013, 11:34
  3. Replies: 91
    Last Post: 16-03-2013, 19:03

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Softmats
With so many amazing reversible designs, the soft and cushioned Premium Bubba Mats are the perfect space for all the family. Not only do they look fantastic; you can also enjoy the quality and comfort for years to come.
sales & new stuffsee all
Pea Pods
Buy 2 Award Winning Pea Pods Reusable One Size Nappies for only $38 (in your choice of colours) and receive a FREE roll of Bamboo Liners. Don't miss out, we don't usually have discounts on the nappies, so grab this special offer!
Special Offer! Save $12
featured supporter
Hills Swimming Kenthurst
Located in the beautiful suburb of Kenthurst and boasts a heated 25m pool. We conduct world-leading Baby and Parent Classes, Preschool Classes, School Age and Squad Training. Our classes are small, our service personal and our quality of the highest.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!