House prices
Yes, just complaining yet again how I'll never get in the property market and how this all stinks so much.But what got me reflecting on it again, apart from all the talk of record low housing...
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I wouldn't mind living in a shoebox if I owned it!I also have to laugh at the plan to double the first home owner's grant to $14,000. IMO it will just make matters worse. Even if I would win $40,000...
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Yes I find all this very scary. Our plan is to buy a house next year and years ago I would have jumped at the chance. D is determined we will do it, but I find myself becoming more and more scared of...
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You should be alright on 2 incomes though, Donna. But it will mean that one of you will be working just for the mortgage.Lin
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Quote:You should be alright on 2 incomes though, DonnaThat is the issue though Lin. I don't want to go back to work FULL time. I never have. Family come first for me always and I want to be involved...
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I just think it's so tough. I earn an above average income - however as a single parent (and no $$$ help from family) I have resigned myself to never owning a home. What I have done though is up my...
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Quote:What I have done though is up my super Oh that's clever and it really made me think now! If only because it would make me feel so much better if I could do something like that that would be in...
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Yep - it's a good longer term strategy - I salary sacrifice, which reduces tax and child care fees and increases FTB. It also means that by the time dd is at uni I will be able to pay for that and...
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Quote:It also means that by the time dd is at uni I will be able to pay for that and then maybe buy a house outright. You go girl! I really admire people who can be smart with money like that. I'm a...
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The high interest rate period of, was it the 80s, was a brilliant time for saving if you had money. I think house prices were low then because repayments were so high, but from what I've read...
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Yes, in that context I'd much rather have 18% interest rates than these high house prices! Either way it prices me out of the market, but the money I do manage to save would be worth much more.Lin
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Donna, working doesn't have to mean putting family second (I can attest to that). If you're feeling like you really want to be there most of the time I'm sure you could get a job that's only part...
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Nat, all you say is so true and I do know how lucky we are that we can look at doing this still. I do actually look forward to having some input into the family, financially. I want to do my bit and...
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www.realestate.com.au/rev...rom=reviewArticle about collective home ownership as a way to help people get into the market.
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I'm personally not keen on the idea of collective home ownership, though I've heard that in some parts of the world the only way for people to own a home is to do just that, two couples buy a house...
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when I worked full time (and had a higher income) I borrowed money and bought shares - this is a less scarey option than buying an investment property. You borrow money (I only did $5k) and buy shares...
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Yeah, I think buying a house together with someone else is more for young, childless people who would otherwise be living in share houses anyway.Now if I could buy the house I'd live in that would...
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I think collective home ownership could work if it was for investment properties rather than owner/occupier homes as you could invest in property without having to actually live with the other...
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Tonight's news said that we're having record home loan affordability. This seems to be the new announcement every month with each month getting worse and worse. Then I heard of another possible...
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Quote:I think collective home ownership could work if it was for investment properties rather than owner/occupier homes as you could invest in property without having to actually live with the other...
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