how much deposit need ???
Feb 14th 2007, 4:11 pm
#1
Forum Regular
Thread Starter
Joined: Jul 2005
Posts: 113
how much deposit need ???
hi folks been a while weve been sooo busy sold house settled debts shipped belongings away etc etc my oh is still worried about cash situation,were not taking tons of cash were just looking for a new way of life but still want a nice little place to call home,were looking to buy for around $280 to $340,000 and were wondering how much deposit we will need,im not sure if its 10%,were looking to rent for 6 to 12 months,any ideas
ps we fly out on 22 feb from manchester via singapore,squeeky bottom time
Feb 14th 2007, 5:50 pm
#2
Worongary
Joined: Sep 2005
Location: GC hinterland
Posts: 10,288
Re: how much deposit need ???
hi folks been a while weve been sooo busy sold house settled debts shipped belongings away etc etc my oh is still worried about cash situation,were not taking tons of cash were just looking for a new way of life but still want a nice little place to call home,were looking to buy for around $280 to $340,000 and were wondering how much deposit we will need,im not sure if its 10%,were looking to rent for 6 to 12 months,any ideas ps we fly out on 22 feb from manchester via singapore,squeeky bottom time http://www.realestate.com.au/
Feb 14th 2007, 5:50 pm
#3
BE Forum Addict
Joined: Aug 2005
Location: Kingston, Tas
Posts: 2,264
Re: how much deposit need ???
hi folks been a while weve been sooo busy sold house settled debts shipped belongings away etc etc my oh is still worried about cash situation,were not taking tons of cash were just looking for a new way of life but still want a nice little place to call home,were looking to buy for around $280 to $340,000 and were wondering how much deposit we will need,im not sure if its 10%,were looking to rent for 6 to 12 months,any ideas ps we fly out on 22 feb from manchester via singapore,squeeky bottom time
Feb 14th 2007, 10:07 pm
#4
Go the BNE Roar
Joined: May 2003
Location: Northside
Posts: 1,590
Re: how much deposit need ???
If you want to avoid mortgage insurance it has to be a 20%+ deposit (QLD anyway) anything below that and you will be paying it.
Feb 15th 2007, 3:01 am
#5
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Feb 15th 2007, 7:33 am
#8
Forum Regular
Thread Starter
Joined: Jul 2005
Posts: 113
Re: how much deposit need ???
thankyou for the info everybody,ianand helena were heading to ferny grove with family for first couple weeks then weve been considering places like mango hill, jindalee, kallangur, but were gonna decide when we get there,where you heading ?
