Property
Jan 8th 2010 | 1:03 am
#61
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Joined: Jan 2007
Posts: 721
From: Formerly Basingstoke now Gold Coast
Re: Property
Read the previous posts, I know that this is normal, it was a reply to ABC saying that people take out a mortgage and 25 years later they owe nothing.
It doesnt work that way as people always sell and re-mortgage.
It doesnt work that way as people always sell and re-mortgage.
Jan 8th 2010 | 1:10 am
#62
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Joined: May 2008
Posts: 838
From: Perth
Re: Property
I think you are in a minority by a long way, 3 houses paid of so quickly means you are earning a load of cash or the houses were really cheap and I expect the first one to be the correct one.
Try to imagine Mr Average and not massive earning Mr Perfect. The reason people owe more 20 years down the track is that they keep up scaling to bigger and better and obviously more expensive, add to that house prices rising and the 1st 2 bedroom flat bought for fifty grand would not even buy you a garage on the side of the big place now desired.
Try to imagine Mr Average and not massive earning Mr Perfect. The reason people owe more 20 years down the track is that they keep up scaling to bigger and better and obviously more expensive, add to that house prices rising and the 1st 2 bedroom flat bought for fifty grand would not even buy you a garage on the side of the big place now desired.
Plus a lot of luck .
In other words the profit derived from selling two paid for the third.
Also it is from rural NSW I managed this not inflated city land prices-so 85% of the house was house not land
Last edited by mulben; Jan 8th 2010 at 1:19 am.
Jan 8th 2010 | 1:11 am
#63
Account Open
Joined: Jan 2005
Posts: 4,298
From: Brisbane
Re: Property
Try to imagine Mr Average and not massive earning Mr Perfect. The reason people owe more 20 years down the track is that they keep up scaling to bigger and better and obviously more expensive, add to that house prices rising and the 1st 2 bedroom flat bought for fifty grand would not even buy you a garage on the side of the big place now desired.
They scale up as their families grow and their salaries grow... and then when their kids leave the nest, they usually scale back down. By which time, many of them have paid off the loans.
By and large people don't owe more 20yrs down the track... wouldn't you agree?
Jan 8th 2010 | 1:16 am
#64
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Joined: Jan 2007
Posts: 721
From: Formerly Basingstoke now Gold Coast
Re: Property
I think its right out there as an opinion, I am not making out I am right, I also know people that are in very good positions in regards to property but I still think that the majority will owe a mortgage for most of their working lives.
I have been very shrewd in the property market and bought and sold at the right time, I am happy with how things have gone, I am talking about the average family, the ones that dont make it up the pay scale, the ones who dont have 2 wages coming into the household.
I have been very shrewd in the property market and bought and sold at the right time, I am happy with how things have gone, I am talking about the average family, the ones that dont make it up the pay scale, the ones who dont have 2 wages coming into the household.
Jan 8th 2010 | 1:17 am
#65
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Joined: Jan 2007
Posts: 721
From: Formerly Basingstoke now Gold Coast
Re: Property
Sorry, I understand now, I thought you had bought and paid for 3 places already. My apologies but I bet you wish you did have the 3 paid for lol.
Jan 8th 2010 | 10:42 am
#67
Guest
Posts: n/a
Re: Property
However, 2006 census figures show:
- About 50% of Australian home owners owe nothing on their mortgage.
- About 50% of Australian home owners still have a mortgage.
However, I agree, that there are some that continue to upsize their properties, but the official figures from the 2006 census, show that the majority of long term owners now have no mortgage.
Jan 8th 2010 | 10:55 am
#68
Guest
Posts: n/a
Re: Property
Detached Houses $260,000
http://www.homepriceguide.com.au/sna...NSW&source=apm
$150,000 ->
or $750,000 on 16 acres -> 
Median price for Echuca, VIC is:
Detached Houses $250,000
http://www.homepriceguide.com.au/sna...VIC&source=apm
$125,000 ->
$685,000 on 12 acres -> 
Jan 8th 2010 | 11:11 am
#69
Guest
Posts: n/a
Re: Property
Monique Wakelin, of Wakelin Property Advisory, said first-time buyers struggling to buy a house should consider renting for a couple of years to wait for affordability to return to the market
http://www.theage.com.au/articles/20...936102492.html
http://www.theage.com.au/articles/20...936102492.html
Jan 8th 2010 | 10:43 pm
#70
Thread Starter
Forum Regular
Joined: Mar 2005
Posts: 256
From: Sunderland.
Re: Property
After doing a search on realestate for affordable properties i've come across a lot of homes going to be built in Secret Harbour, Anstey Park. Has this developement started or is it something thats due to begin. They're artists impressions photos so can't really see the finished article. The builder is Peel Limited, for house and land packages. Does anyone know of these and could they be recommended. They look very nice homes and very affordable. Is Anstey Park part of Secret Harbour, or a separate estate?
Jan 9th 2010 | 12:40 am
#71
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Joined: May 2008
Posts: 838
From: Perth
Re: Property
After doing a search on realestate for affordable properties i've come across a lot of homes going to be built in Secret Harbour, Anstey Park. Has this developement started or is it something thats due to begin. They're artists impressions photos so can't really see the finished article. The builder is Peel Limited, for house and land packages. Does anyone know of these and could they be recommended. They look very nice homes and very affordable. Is Anstey Park part of Secret Harbour, or a separate estate?
Jan 9th 2010 | 3:30 am
#72
Thread Starter
Forum Regular
Joined: Mar 2005
Posts: 256
From: Sunderland.
Re: Property
