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  1. #21
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    Quote Originally Posted by ExcuseMyFrench View Post
    To PPs saying that mortgage repayment are cheaper than rent you are not comparing apple with apple.

    If you are paying a mortgage you have to pay other things that you don't pay or are included in the rent (ie maintenance, strata fees, water and council rates etc)

    Sorry just being pedantic!! Don't mind me and carry on
    Maybe with a week to week or month to month view that's correct but you're building equity and over 30 years you'd be in front as you own your house and only have the cost of those bills rather than lower bills + rent.

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    Apple iPhart6  (09-06-2014)

  3. #22
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    How much in total? Currently just under 650k ( two properties) one has just sold so our new balance will be 340k

    Weekly repayments? Current is 5k month ( had tenants to pay for some) new will be $550pw

    What was your deposit? 10%

    Where you bought? (Suburb or just state) Qld within 15km of cbd

    Are you happy with your situation financially, do you regret it?
    Don't regret for a second. We did baby steps- unit then townhouse. Only thing I wish I did was sell unit before moving into townhouse and having it as an investment. The market didn't rise in the time and as we paid off a far amount there wasn't as good as there could be returns.

    I'm really excited about our new low mortgage. As we are use to higher costs we are going to still stick to the same budget and pay it off sooner.

    For us it's a long term vision. In 20 years ( based on us selling and buying a house with larger loan) we won't have any mortgage. Then we can enjoy the next 30-40+ years "rent" free and even semi retire.
    Rent constantly increases and you have no control

  4. #23
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    Quote Originally Posted by melimum View Post
    Like many dp and I are working hard to save to buy our first home... I hear so many comments along the lines of "you could be paying off your own home with the rent your paying" yet I still worry about if its a goal we'll ever reach.

    If you feel comfortable with sharing then please tell me about your mortgage??

    How much in total?
    Weekly repayments?
    What was your deposit?
    Where you bought? (Suburb or just state)
    Are you happy with your situation financially, do you regret it?

    Thanks in advance :-)


    Sent from my GT-I9300T using The Bub Hub mobile app
    Total $272k, $430 a week, our deposit was 13k, we are in Logan, happy with out little street have great neighbors! Nope don't regret it at all !!

  5. #24
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    Loan 314,000. (2012)
    Per week. 400
    Deposit 69,000 including $7000 first home deposit
    20 mins from adelaide city

    We bought a very cheap run down but solid house to do up so we needed a large deposit to make repayments low so we could save money to do up house

  6. #25
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    250k
    375pw
    30k deposit
    Not at all, though looking to buy and move again in the next year or two.

  7. #26
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    170k
    Adelaide
    Deposit was around 45-50k
    250pw repayments.

    I dont regret it. We have a small home but we own it. Even with my husband losing his job etc not working for 6months we are sble pay mortgage. Its affordable for my lavish lifestyle. Not a fancy area but uts already gone up over the year.

    My advice is buy something you can afford pay on centrelink jic your relationship ends, sickness etc. Practice repayments! Its hard

    Sent from my GT-I9195T using The Bub Hub mobile app

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    dancingchipmunk  (10-06-2014)

  9. #27
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    How much in total?
    $960k
    Weekly repayments?
    $1400
    What was your deposit?
    $100k
    Where you bought? (Suburb or just state) inner city Sydney

    Are you happy with your situation financially, do you regret it?
    I don't regret the financial situation but I'd prefer to be living out of Sydney!!
    Right now I'd love to rent it out and get out of the city!

  10. #28
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    Loan amount: $315k
    Deposit: $75k (approx 20% of house price)
    Repayments: $410 p/week
    Location: Hobart, Tas
    I love our suburb and our house. We got our mortgage based on DHs income alone so that having babies/loss of income wasn't a huge problem.

  11. #29
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    Zombie_eyes is offline Formerly Diamondeyes
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    How much do you need for fee's and stuff when buying a house? Stamp duty and all that?

  12. #30
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    Quote Originally Posted by Zombie_eyes View Post
    How much do you need for fee's and stuff when buying a house? Stamp duty and all that?
    How long is a piece of string? Lol sorry totally unhelpful I know but it totally depends on whether you build or buy, loan amount, type of loan, which bank, which area, which state, how much your deposit is, whether you are first home owners, residing or investing....


 

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