How long before you bought a house?
Oct 15th 2006, 12:59 am
#1
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How long before you bought a house?
We have been here 18 months now and we have bought our first house in Australia, move in next week.
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Oct 15th 2006, 1:04 am
#2
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Re: How long before you bought a house?
Originally Posted by Dicko
We have been here 18 months now and we have bought our first house in Australia, move in next week.
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
We'll be buying when the lease runs out on this rental in July next year. We will have been here a year by then.
We are mainly looking to buy because we aren't getting any younger and would like to have something left to leave the kids
And also because you can't put a picture up without permission, we are sick of having to watch the paintwork etc.
Oct 15th 2006, 1:14 am
#3
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Re: How long before you bought a house?
Originally Posted by Dicko
We have been here 18 months now and we have bought our first house in Australia, move in next week.
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Oct 15th 2006, 1:26 am
#4
Drifting back to earth
Joined: May 2005
Posts: 780
Re: How long before you bought a house?
We had a deposit down 12 days after arriving on a house and land package, I personally don't believe you can spend any time whatsoever out of the market if you're looking to make a long term gain. This being whether you still have a property in the uk or Oz, in the short term here in Perth is another matter.............thats a real speculator's market!
Oct 15th 2006, 2:11 am
#5
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Re: How long before you bought a house?
Originally Posted by Amazulu
We bought 10 days after arriving.
I am well impressed.
Abby
Oct 15th 2006, 2:22 am
#6
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Joined: Aug 2004
Location: Perth WA
Posts: 1,109
Re: How long before you bought a house?
We bought 7 days after arriving. Quicker than we thought and I would have liked to have earned the extra interest for longer but we saw a house we liked and at the the right price.
We're in Perth and the prices are sky-rocketing so we decided to strike while the iron's hot!
We're in Perth and the prices are sky-rocketing so we decided to strike while the iron's hot!
Oct 15th 2006, 2:25 am
#7
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Re: How long before you bought a house?
Originally Posted by NIGENABBY
O M G !!!1
I am well impressed.
Abby
I am well impressed.
Abby
Oct 15th 2006, 2:32 am
#8
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Re: How long before you bought a house?
Originally Posted by Amazulu
I didn't want to buy so quickly but my wife found this place & fell in love with it. When I saw it I knew it was the right place for us. I must admit, she does have a good eye for property. We were lucky to buy in the lull that occured in the property market here just before Christmas. The sellers were desperate to sell too. I'm glad we did commit because early in the new year the market went mental & we would struggle to buy this place now. Houses in our street have gone up 50% this year & if on the remote chance the market drops 20%, we will still be ahead.
Congratulations on your choices. We want to buy, but we are waiting for our lease to expire early next year.
regards
Abby
Oct 15th 2006, 2:35 am
#9
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Re: How long before you bought a house?
snap!
Originally Posted by SunshineGirl
We bought 7 days after arriving.
We're in Perth and the prices are sky-rocketing so we decided to strike while the iron's hot!
We're in Perth and the prices are sky-rocketing so we decided to strike while the iron's hot!
Oct 15th 2006, 5:20 am
#10
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Re: How long before you bought a house?
Originally Posted by Dicko
We have been here 18 months now and we have bought our first house in Australia, move in next week.
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Oct 15th 2006, 5:49 am
#11
Marvin for PM
Joined: Jun 2005
Location: Buderim, Qld
Posts: 263
Re: How long before you bought a house?
We are moving into our new home next week after renting for three months.
We had planned to wait until next year but the right house in the right area at the right price came up and we went for it.
We had planned to wait until next year but the right house in the right area at the right price came up and we went for it.
Oct 15th 2006, 5:56 am
#12
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Re: How long before you bought a house?
Originally Posted by Dicko
We have been here 18 months now and we have bought our first house in Australia, move in next week.
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
Starting to have a few doubts I.E. should we have continued to rent for a while longer with no worries about mortgage or have we done the right thing as you have to get on the ladder sooner rather than later.
Many of our Australian friends still rent and don't see it as an issue, yet I have always thought renting is dead money, your paying someone elses mortgage.
Just wondering what everyone's feelings are?
We bought block of land 2 weeks after arriving, and moved into our new home 12 month later. Wishing you all the best
Denise
Oct 15th 2006, 6:03 am
#13
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Re: How long before you bought a house?
Bought after 2 months, didn't want to be off the ladder long and it proved to be a wise decision. Interest payments from the bank may sound attractive, but you pay tax with the bank and you dont with your home. Having said all that, we are renting now while we have a house built..... which is a long slog !
Oct 15th 2006, 6:16 am
#14
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Re: How long before you bought a house?
We bought after 3 months. We had to wait until my OH started work before we could get a mortgage.
Oct 15th 2006, 6:30 am
#15
Lost in BE Cyberspace
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Re: How long before you bought a house?
Bought land after 18 months and will hopefully move in almost three years after arriving. We'll have been in three and possibly four rentals during the meantime.
NB: when you are "on the ladder" remember ladders have rungs going down as well as up! Not just a glib truism at the present.
NB: when you are "on the ladder" remember ladders have rungs going down as well as up! Not just a glib truism at the present.