+ Reply to Thread
Page 19 of 28 FirstFirst ... 91718192021 ... LastLast
Results 181 to 190 of 272
  1. #181
    Join Date
    Jul 2010
    Location
    on a sandy beach!
    Posts
    6,345
    Thanks
    336
    Thanked
    2,202
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by BigRedV View Post
    This is really unrealistic in Sydney. A lot of money goes on rent. I think it's a bit presumptuous to say everyone is wasting their money on shopping. Aren't you the one with like a million prams
    But we still bought a house 😜 I wouldn't live in Sydney flat out. If I had skills I would still move because it's ridiculously over priced.

  2. #182
    Join Date
    Feb 2009
    Location
    my house
    Posts
    17,710
    Thanks
    1,392
    Thanked
    7,295
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts

    Default Negative Gearing - Politics talk

    Quote Originally Posted by monnie24 View Post
    But we still bought a house 😜 I wouldn't live in Sydney flat out. If I had skills I would still move because it's ridiculously over priced.
    Maybe you could've bought a better house if you didn't waste all that money

    I have skills but I don't know how easy it is to move and get a teaching job in other states. My job here is permanent.

    We have a house anyway but I think that your view is too simplistic.
    Last edited by BigRedV; 27-02-2016 at 05:37.

  3. The Following User Says Thank You to BigRedV For This Useful Post:

    AdornedWithCats  (27-02-2016)

  4. #183
    Join Date
    Apr 2013
    Posts
    4,213
    Thanks
    3,646
    Thanked
    3,457
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Awards:
    100 Posts in a week

    Default Negative Gearing - Politics talk

    Quote Originally Posted by BigRedV View Post
    Maybe you could've bought a better house if you didn't waste all that money

    I have skills but I don't know how easy it is to move and get a teaching job in other states. My job here is permanent.

    We have a house anyway but I think that your view is too simplistic.
    With the type of work DH does, we literally can only live in Sydney or Melbourne, his job isn't available anywhere else, his current job isn't even available in Australia right now, it'd actually be a slight career change when we do move back to OZ. With the hours he works, living too far outside the CBD isn't really an option either as it would mean never seeing him. So it's ridiculously over-priced houses as pretty much our only option. Definitely not as simple as you just need to save, which we do (my husband is a tight ***), or move to a cheaper area/city. The whole reason we are doing this stint in London is to save the pound so that we can afford a house in Melbourne. Never in my life did I think we'd be spending the money we will be spending just to own a standard home.

    Eta: sorry probably should have quoted monnie
    Last edited by HollyGolightly81; 27-02-2016 at 06:30.

  5. The Following User Says Thank You to HollyGolightly81 For This Useful Post:

    AdornedWithCats  (27-02-2016)

  6. #184
    Join Date
    Jul 2010
    Posts
    10,312
    Thanks
    3,126
    Thanked
    6,315
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Quote Originally Posted by BigRedV View Post
    Given the prices around here I don't know many first home buyers who could afford around here, even units. When a 3 bedroom unit in Wolli Creek is well over $1 million, first home buyers have to look elsewhere.
    There are plenty of older units in your area that sell in the $500,s - first home buyers just want to rush into houses or new dwellings first, when I first bought I bought an old unit and paid it off then moved up to an older house , today first home buyers want to walk straight into a renovated house , we still have young families buying million dollar homes but most of those do at least own a unit that they sell to be able to afford to upgrade

    I believe the government should put in better transport systems ( like fast trains) then buying in Newcastle or Nowra or Bathurst etc would be far easier and more affordable for first home buyers and they can still get into the city in less than half an hour!

  7. The Following 2 Users Say Thank You to Elijahs Mum For This Useful Post:

    A-Squared  (27-02-2016),Janesmum123  (27-02-2016)

  8. #185
    Join Date
    Jul 2010
    Location
    on a sandy beach!
    Posts
    6,345
    Thanks
    336
    Thanked
    2,202
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by BigRedV View Post
    Maybe you could've bought a better house if you didn't waste all that money

    I have skills but I don't know how easy it is to move and get a teaching job in other states. My job here is permanent.

    We have a house anyway but I think that your view is too simplistic.
    I didn't want a better house. I wanted a simple investment house. It's gained over 100k in three years with basic kitchen Reno. I don't want a 500-600k house because for instance when my 'dumb plumber' was out of work and we were on Centrelink how would we afford it. We wouldn't. The repayments are manageable. These are things people have to look at. Not just buying a first home. But unemployment if it ever happens.
    @holly I can't Multiquote sorry. Yes I understand some jobs are only in Syd etc but that's why I think negative gearing is good because why make first home where you live. Buy in another state. Just saying....

  9. The Following User Says Thank You to monnie24 For This Useful Post:

    A-Squared  (27-02-2016)

  10. #186
    Join Date
    Feb 2009
    Location
    my house
    Posts
    17,710
    Thanks
    1,392
    Thanked
    7,295
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts

    Default Negative Gearing - Politics talk

    Quote Originally Posted by Elijahs Mum View Post
    There are plenty of older units in your area that sell in the $500,s - first home buyers just want to rush into houses or new dwellings first, when I first bought I bought an old unit and paid it off then moved up to an older house , today first home buyers want to walk straight into a renovated house , we still have young families buying million dollar homes but most of those do at least own a unit that they sell to be able to afford to upgrade

    I believe the government should put in better transport systems ( like fast trains) then buying in Newcastle or Nowra or Bathurst etc would be far easier and more affordable for first home buyers and they can still get into the city in less than half an hour!
    Cheapest apartment/villa currently advertised in my suburb is $590k. Just realised my search was for 3 bedrooms. Two bedroom one is $559.

    I actually wish we bought the biggest house first. Instead we bought a tiny 2 bedroom house on 186sqm, fell pregnant, had a baby then upgraded to this house and did an extension. If we had've bought the bigger house first, we would've had heaps more paid off because we didn't have children and both working full time.
    Last edited by BigRedV; 27-02-2016 at 07:06.

  11. #187
    Join Date
    Apr 2013
    Posts
    4,213
    Thanks
    3,646
    Thanked
    3,457
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Awards:
    100 Posts in a week

    Default Negative Gearing - Politics talk

    Quote Originally Posted by monnie24 View Post
    I didn't want a better house. I wanted a simple investment house. It's gained over 100k in three years with basic kitchen Reno. I don't want a 500-600k house because for instance when my 'dumb plumber' was out of work and we were on Centrelink how would we afford it. We wouldn't. The repayments are manageable. These are things people have to look at. Not just buying a first home. But unemployment if it ever happens.
    @holly I can't Multiquote sorry. Yes I understand some jobs are only in Syd etc but that's why I think negative gearing is good because why make first home where you live. Buy in another state. Just saying....
    Why would we buy in another state? No real interest in buying an investment property, only an actual home for ourselves.

  12. The Following User Says Thank You to HollyGolightly81 For This Useful Post:

    AdornedWithCats  (27-02-2016)

  13. #188
    Join Date
    Feb 2009
    Location
    my house
    Posts
    17,710
    Thanks
    1,392
    Thanked
    7,295
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    I've not once said I am against negative gearing, but I do think it should be capped at 2 or 3 properties. It's not fair that if you own enough investment properties that your income tax can be reduced to $0!

  14. The Following User Says Thank You to BigRedV For This Useful Post:

    Nemmi1987  (27-02-2016)

  15. #189
    Join Date
    Jul 2010
    Posts
    10,312
    Thanks
    3,126
    Thanked
    6,315
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Quote Originally Posted by BigRedV View Post
    Cheapest apartment/villa currently advertised in my suburb is $590k. Just realised my search was for 3 bedrooms. Two bedroom one is $559.

    I actually wish we bought the biggest house first. Instead we bought a tiny 2 bedroom house on 186sqm, fell pregnant, had a baby then upgraded to this house and did an extension. If we had've bought the bigger house first, we would've had heaps more paid off because we didn't have children and both working full time.
    I think this is also why childcare in our area is so hard to get as both parents need to work full time now to pay for these houses - DH sold one last month to a lovely young couple for $1,046,000 - nice street old house and their parents "lent" them the 20% deposit so their mortgage on $800,000 is $1000 a week - easy as they both are in well paid professional jobs , I fear once kids come and the expenses involved couples like this will struggle, I saw it after the 2003 boom, it was mainly young families who sold up as they can't maintain the payments with childcare etc

  16. #190
    Join Date
    Feb 2009
    Location
    my house
    Posts
    17,710
    Thanks
    1,392
    Thanked
    7,295
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts

    Default Negative Gearing - Politics talk

    Quote Originally Posted by Elijahs Mum View Post
    I think this is also why childcare in our area is so hard to get as both parents need to work full time now to pay for these houses - DH sold one last month to a lovely young couple for $1,046,000 - nice street old house and their parents "lent" them the 20% deposit so their mortgage on $800,000 is $1000 a week - easy as they both are in well paid professional jobs , I fear once kids come and the expenses involved couples like this will struggle, I saw it after the 2003 boom, it was mainly young families who sold up as they can't maintain the payments with childcare etc
    Plus once interest rates go up they'll be stuffed.

    We are lucky that I am able to only work part time. If interest rates go up too much and we need more money, I will work an extra day or two.
    Last edited by BigRedV; 27-02-2016 at 07:35.


 

Similar Threads

  1. Change to Negative Gearing tax breaks
    By ExcuseMyFrench in forum News & Current Affairs
    Replies: 13
    Last Post: 17-02-2016, 10:56
  2. 8yo quite negative & whingy
    By ICanDream in forum Discipline & behaviour
    Replies: 10
    Last Post: 10-07-2015, 22:31
  3. 8DPT negative HPT
    By Lex23 in forum Conception & Fertility General Chat
    Replies: 3
    Last Post: 23-06-2015, 21:18

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
Babybee Prams
Save $50 in our pre-Christmas sale! All Comet's now only $500. Our bassinet & stroller set includes free shipping AUS wide, $75 free accessories, 18-months warranty & a 9 month free return policy. Check out our new designer range today!
sales & new stuffsee all
CarmelsBeautySecrets
Growing your own natural nails is easy. Years ago, I devised a simple and very effective technique which really helps boosts the nails' growth in as little as three days! And most importantly keeps them that way.
featured supporter
Heinz Baby Basics
Our BPA Free range offers you a choice for every stage of your baby’s feeding development. You’ll love our brilliant colours, inspired designs and innovative features. Heinz Baby Basics caters for your baby’s needs!
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!