DP and I are late 20's and don't own a house. We are saving for one (we have $17 000) but will need to buy a car first as ours keeps having issues. We made the decision that I would return to work after #1 and after this baby too so we could continue saving for a house.
I am still paying off HECS and DP paid off business loans in 2014.
We will probably pay for a wedding before a house too.
+ Reply to Thread
Results 31 to 35 of 35
15-05-2016 13:30 #31
Anyone else a pauper?
Last edited by Mamasupial; 15-05-2016 at 13:34.
15-05-2016 13:41 #32
I agree 30 is young . I think in Sydney the average first home owner is 32
15-05-2016 14:19 #33Senior Member
- Join Date
- Feb 2016
- Adelaide, SA
15-05-2016 15:42 #34
Living like a pauper to pay off the house. I save 75% of my income.
For what it's worth I only moved to Australia in 2011, the dollar was sky high and everything so expensive! I started renting in Sydney. I remember leafing through a property investor magazine one day and saw that houses in Medina, Western Australia, we're going for 250k, 30 mins from the cbd. I was like that's my chance I applied for a job in Perth, got it, bought a 3/1 in Kwinana on one income with a 50k deposit and fhb grant and just like everyone else said lived like in exile for two years. Then I finally had equity under my belt.
When I met DH he had nothing to his name but at least no debt. I have since upgraded houses and save like mad but it's all good really. I'm on the "mister money moustache" blog almost daily.
The way I see it is: every dollar I put into my mortgage principal is a dollar I will never ever have to spend again. That keeps me going, living like a pauper by choice.
Last edited by NORgirl; 15-05-2016 at 15:46.
15-05-2016 15:55 #35Member
- Join Date
- May 2016
We are in a rent to buy situation as we had no backing to get a mortgage or deposit so couldn't afford that so when my Nan passed away she gave me some money and then my parents helped to buy a house which in is in their name and we pay them rent each week we have about 8 more yrs then it will be ours.
But ours is only a unit the cheapest in our area and we live paycheck to a week before paycheck it's hard but have food on the table a roof over our heads and my son has all his needs.
Shapland Swim SchoolsSemi private learn to swim classes for a maximum of 3 children in specialized heated teaching pools. Our swim schools ...
LATESTWhy it is OK for your child to be differentWhat is a blessing way? How is it different to a baby shower?7 ways to break the ‘mumnotony’ at home
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
Inheritance WWYDGeneral Chat
Do u take it personally? Kids friends..General Parenting Tips, Advice & Chat
Egg Donation in South Africa #14Egg Donation
The Word Association Game #24Games & fun stuff
Pregnancy test recall!!!Conception & Fertility General Chat
Egg Donation in Greece #5Egg Donation
I am... #20General Chat
Loan for a businessFamily Finances