How much equity?
Nov 23rd 2006, 3:49 pm
#16
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Re: How much equity?
wont have anything left by the time i go if last couple of weeks are to go by. Ill be debt free and so will my oldest son and his partner 
Nov 23rd 2006, 4:04 pm
#17
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Joined: Oct 2006
Location: OZ soon :)
Posts: 179
Re: How much equity?
Originally Posted by 68MEVY
Me, hubby and daughter came out here with no more than £1000, and that bought us a car so atleast we could get around. We had somewhere to stay rent free when we got here s that helped us a bit but it was still bloody hard. Now, 14 months on we own our own 4 bed house on a 900 block of land and the car we bought for $1200 is still running us around!
You can come out here skint and make it happen, we're living proof of that. It doesn't really matter how much money you've got as long as you've got the strength to survive.
Marie
You can come out here skint and make it happen, we're living proof of that. It doesn't really matter how much money you've got as long as you've got the strength to survive.
Marie
Dave
Nov 23rd 2006, 4:11 pm
#18
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Joined: Aug 2006
Location: Berwick, Victoria
Posts: 180
Re: How much equity?
Originally Posted by Three Legs
We brought £3.75 million with us from the UK.
It enabled us to buy a vegetable patch on the outskirts of Armadale in SE Perth.
It enabled us to buy a vegetable patch on the outskirts of Armadale in SE Perth.
LMFAO ROTFLMFAO
We thought we were the only ones taking a few mill with us, i just hope they sell porsche's and lambo's cos i think i would die without my beloved fleet of top of range motors.
BTW does anyone know if you can refuel mid air as not to sure if my learjet will get us there non-stop.
simpy (skint but still got a sense of humour... and willing to work)
Nov 23rd 2006, 4:28 pm
#19
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Joined: Nov 2006
Location: Costa Del Sol
Posts: 722
Re: How much equity?
Originally Posted by h1tvd
I'm just curious to find out how much equity people will be able to take with them. We sometimes feel we will be disadvantaged coming from Scotland as house prices just aren't as high as they are in many places in England(excluding Glasgow and Edinburgh). We are hoping to move to OZ with about £120k. With a good exchange rate (2.5) we will have approx $300000. We know we won't be mortgage free but we aren't mortgage free here either!. How many people are in the enviable position of moving to OZ knowing they will have little or no mortgage? How many people are moving with no savings and are just hoping for the best! :scared:
No seriously, we're not selling our house. We won't have any other debts, but will have NO capital either.
I am not in the slightest bit worried, in my experience, (one day i will write that book) if you can't survive in Oz, you can't survive anywhere.
Nic
Nov 23rd 2006, 5:49 pm
#20
so far so good
Joined: Jun 2006
Location: sunshine coast at last!!!!!!!!!!!!
Posts: 1,011
Re: How much equity?
Originally Posted by h1tvd
I'm just curious to find out how much equity people will be able to take with them. We sometimes feel we will be disadvantaged coming from Scotland as house prices just aren't as high as they are in many places in England(excluding Glasgow and Edinburgh). We are hoping to move to OZ with about £120k. With a good exchange rate (2.5) we will have approx $300000. We know we won't be mortgage free but we aren't mortgage free here either!. How many people are in the enviable position of moving to OZ knowing they will have little or no mortgage? How many people are moving with no savings and are just hoping for the best! :scared:
)tracey
Nov 23rd 2006, 6:31 pm
#21
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: How much equity?
Originally Posted by h1tvd
I'm just curious to find out how much equity people will be able to take with them. We sometimes feel we will be disadvantaged coming from Scotland as house prices just aren't as high as they are in many places in England(excluding Glasgow and Edinburgh). We are hoping to move to OZ with about £120k. With a good exchange rate (2.5) we will have approx $300000. We know we won't be mortgage free but we aren't mortgage free here either!. How many people are in the enviable position of moving to OZ knowing they will have little or no mortgage? How many people are moving with no savings and are just hoping for the best! :scared:
Consequently, we are expecting to have a mortgage of around $140,000 (£56,599) in one of Adelaide's desirable north-east suburbs, not far from the private school which we have already chosen for our future children. The net result will be a far superior property with a much higher standard of living, at a very affordable price.
Last edited by Vash the Stampede; Nov 23rd 2006 at 6:36 pm.
Nov 24th 2006, 6:46 pm
#22
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Thread Starter
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Location: Camp Hill, Brisbane
Posts: 187
Re: How much equity?
Originally Posted by lollyno1
wont have anything left by the time i go if last couple of weeks are to go by. Ill be debt free and so will my oldest son and his partner
Nov 24th 2006, 6:50 pm
#23
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Posts: 187
Re: How much equity?
Originally Posted by The O'Neills
We will be going with NOWT!!!!
No seriously, we're not selling our house. We won't have any other debts, but will have NO capital either.
I am not in the slightest bit worried, in my experience, (one day i will write that book) if you can't survive in Oz, you can't survive anywhere.
Nic
No seriously, we're not selling our house. We won't have any other debts, but will have NO capital either.
I am not in the slightest bit worried, in my experience, (one day i will write that book) if you can't survive in Oz, you can't survive anywhere.
Nic
We did consider keeping our house too. The rental income would cover the mortgage and we would have something to come back to if it all went pear shaped. HOWEVER, we want the dream - the four bed house with pool. Not forgetting the jetski the OH has promised the kids!! :scared: Even with some equity the dream will only become a reality if OH can get a good job sharpish - fingers crossed.
Tracy x
Nov 24th 2006, 9:14 pm
#24
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Re: How much equity?
We will be going with about $20,000 and not worried at all but then we will be staying with my sister( :scared: ) in brisbane until we find somewhere to live so thats a bonus.
Tracey & co
Tracey & co
Nov 27th 2006, 10:04 am
#25
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Re: How much equity?
Hi,
We have about £100K at the moment to go but are considering re-mortgaging our Uk house to add another £100K as interest rates in the UK seem to be lower than in Aus so all things being equal we will be better off, however the place we will be working allows mortgages to be salary packaged so not sure what we will do now, maths never was my strongpoint so expecting my brain to explode when i try and calculate which option to take..
Cheers
We have about £100K at the moment to go but are considering re-mortgaging our Uk house to add another £100K as interest rates in the UK seem to be lower than in Aus so all things being equal we will be better off, however the place we will be working allows mortgages to be salary packaged so not sure what we will do now, maths never was my strongpoint so expecting my brain to explode when i try and calculate which option to take..
Cheers
Nov 27th 2006, 10:14 am
#26
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Joined: Oct 2006
Location: Adelaide, South Australia
Posts: 62
Re: How much equity?
Originally Posted by h1tvd
I'm just curious to find out how much equity people will be able to take with them. We sometimes feel we will be disadvantaged coming from Scotland as house prices just aren't as high as they are in many places in England(excluding Glasgow and Edinburgh). We are hoping to move to OZ with about £120k. With a good exchange rate (2.5) we will have approx $300000. We know we won't be mortgage free but we aren't mortgage free here either!. How many people are in the enviable position of moving to OZ knowing they will have little or no mortgage? How many people are moving with no savings and are just hoping for the best! :scared:
which state you going to? makes a big difference x
Nov 27th 2006, 10:22 am
#27
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Joined: Oct 2006
Location: Adelaide, South Australia
Posts: 62
Re: How much equity?
All,
if you want some advice on the Oz housing market/procedures/mortgages, etc please email me on [email protected] or PM me.
Absolutely no catch, completely free, no obligation, the usual. I'm an ex-pom of just under 2 years and happy to help.
I'm in Adelaide so if anyone wants coffee or a beer, pm me
Callie
if you want some advice on the Oz housing market/procedures/mortgages, etc please email me on [email protected] or PM me.
Absolutely no catch, completely free, no obligation, the usual. I'm an ex-pom of just under 2 years and happy to help.
I'm in Adelaide so if anyone wants coffee or a beer, pm me
Callie
Nov 27th 2006, 11:21 am
#28
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Joined: Dec 2004
Location: gold coast
Posts: 178
Re: How much equity?
we'll be taking around £85k if the sale of the house goes through b4 we go since some ba***rd let us down, if not we'll have about £3k, so i think i'll have to tap up my dad to lend us some until the house completes
i do have a job lined up so i'll be earning straight away which isn't so bad, we've managed here without ever touching the equity in our house and i've been a student for the last 3 years, so how hard can it be?
shell
i do have a job lined up so i'll be earning straight away which isn't so bad, we've managed here without ever touching the equity in our house and i've been a student for the last 3 years, so how hard can it be?
shell
Nov 27th 2006, 11:59 am
#29
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Re: How much equity?
went out to oz 6 years ago with 6K, came back 5 months ago with about 100K, plan to go back again next year with maybe slightly more but not much because we plan to spend some on travelling
Nov 27th 2006, 1:33 pm
#30
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Re: How much equity?
[QUOTE=68MEVY]
That's really reassuring, we are taking no where near what we thought as we accepted a low cash offer on the house just to go in the end.
However we will be debt free and have a small deposit for a house.
That's really reassuring, we are taking no where near what we thought as we accepted a low cash offer on the house just to go in the end.
However we will be debt free and have a small deposit for a house.