What would you do? Rent or buy?
Apr 6th 2011, 7:21 am
#46
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: What would you do? Rent or buy?
They were 5-6 times the average income. Something was going to give. It just took another 4 years before it did.
Apr 6th 2011, 10:47 am
#47
BE Enthusiast
Joined: Nov 2009
Location: Dullsville
Posts: 672
Re: What would you do? Rent or buy?
Hi Hevs. If you need to ask the forum if you should rent or buy then you haven't done your due diligence and sums! There are plenty of online calculators to see if it is worth it in your particular case. For me, current interest rates, cost of borrowing, holding costs - rent wins outright EASILY. Especially with house prices flat in Perth since 2007 and no chance of this changing anytime soon with a 50% oversupply in listings and rising!
Here's one calculator ....
Rent or Buy calculator
Here's one calculator ....
Rent or Buy calculator
Apr 6th 2011, 10:50 am
#48
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: What would you do? Rent or buy?
Hi Hevs. If you need to ask the forum if you should rent or buy then you haven't done your due diligence and sums! There are plenty of online calculators to see if it is worth it in your particular case. For me, current interest rates, cost of borrowing, holding costs - rent wins outright EASILY. Especially with house prices flat in Perth since 2007 and no chance of this changing anytime soon with a 50% oversupply in listings and rising!
Here's one calculator ....
Rent or Buy calculator
Here's one calculator ....
Rent or Buy calculator
Apr 6th 2011, 12:24 pm
#49
visa holder
Joined: Jan 2006
Location: Thornlands, Bayside
Posts: 1,964
Re: What would you do? Rent or buy?
Just thought id check in to see whats happening and saw your post,not been on for ages, was gonna say rent but now you have found your house just want to say 
congrats and well done xx
congrats and well done xx
Apr 6th 2011, 12:59 pm
#50
High in the Dandenongs
Thread Starter
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
Re: What would you do? Rent or buy?
Its only a problem if you are investing or over stretched. We have sold into the market that we have bought into, ie...slow and slowly decreasing/ leveling. When we come to sell in 10 / 15 years time I dont think I'm going to be in neg equity
Apr 6th 2011, 1:05 pm
#51
High in the Dandenongs
Thread Starter
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
Re: What would you do? Rent or buy?
Hi Hevs. If you need to ask the forum if you should rent or buy then you haven't done your due diligence and sums! There are plenty of online calculators to see if it is worth it in your particular case. For me, current interest rates, cost of borrowing, holding costs - rent wins outright EASILY. Especially with house prices flat in Perth since 2007 and no chance of this changing anytime soon with a 50% oversupply in listings and rising!
Here's one calculator ....
Rent or Buy calculator
Here's one calculator ....
Rent or Buy calculator
So glad that it was all hypothetical because we have found a perfect property that we can live in, but plenty of room for capital improvement when we feel like it....on an acre...two titles..cant go wrong really
Apr 6th 2011, 3:56 pm
#52
You sip .... I glug !!!
Joined: Nov 2003
Location: Over the hill!
Posts: 2,790
Re: What would you do? Rent or buy?
Never mind - I answered before I read all the way through so I'm deleting.
Last edited by Vegemite Kids; Apr 6th 2011 at 4:01 pm. Reason: Its late and I need to go to bed ;)
Apr 6th 2011, 9:49 pm
#53
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: What would you do? Rent or buy?
lol, not always Kim We have lived here for nearly 8 years and this is number 3...We are moving up to the hills and into the country.
Can I start blithering on like Badge now? I have an acre
We look out over Cardina valley and can see Puffing Billy crossing through Selby and Menzies creek......hear the serenity 
We have lived here for nearly 8 years and this is number 3...We are moving up to the hills and into the country. Can I start blithering on like Badge now? I have an acre
We look out over Cardina valley and can see Puffing Billy crossing through Selby and Menzies creek......hear the serenity Congratulations
Apr 6th 2011, 11:42 pm
#54
Brain Drained
Joined: Aug 2003
Posts: 1,882
Re: What would you do? Rent or buy?
Here you go
http://i1210.photobucket.com/albums/...inoz/house.jpg
Deck with a hint at the view but doesn't do it justice
http://i1210.photobucket.com/albums/...ginoz/deck.jpg
Bedroom that obviously needs redecoration but again you get an idea of the view
http://i1210.photobucket.com/albums/...oz/bedroom.jpg
http://i1210.photobucket.com/albums/...inoz/house.jpg
Deck with a hint at the view but doesn't do it justice
http://i1210.photobucket.com/albums/...ginoz/deck.jpg
Bedroom that obviously needs redecoration but again you get an idea of the view
http://i1210.photobucket.com/albums/...oz/bedroom.jpg
Apr 7th 2011, 12:22 am
#55
BE Forum Addict
Joined: Feb 2010
Location: Amongst Melbourne's tall gum trees
Posts: 1,323
Re: What would you do? Rent or buy?
Here you go
http://i1210.photobucket.com/albums/...inoz/house.jpg
Deck with a hint at the view but doesn't do it justice
http://i1210.photobucket.com/albums/...ginoz/deck.jpg
Bedroom that obviously needs redecoration but again you get an idea of the view
http://i1210.photobucket.com/albums/...oz/bedroom.jpg
http://i1210.photobucket.com/albums/...inoz/house.jpg
Deck with a hint at the view but doesn't do it justice
http://i1210.photobucket.com/albums/...ginoz/deck.jpg
Bedroom that obviously needs redecoration but again you get an idea of the view
http://i1210.photobucket.com/albums/...oz/bedroom.jpg
Well done guys!Do you like purple though?
Next time we go on Puffing Billy, we'll wave at you! Make sure to wave back
Apr 7th 2011, 12:26 am
#56
BE Enthusiast
Joined: Aug 2009
Posts: 576
Re: What would you do? Rent or buy?
But this is our home to live in and we are not over stretched so...
Its only a problem if you are investing or over stretched. We have sold into the market that we have bought into, ie...slow and slowly decreasing/ leveling. When we come to sell in 10 / 15 years time I dont think I'm going to be in neg equity
Its only a problem if you are investing or over stretched. We have sold into the market that we have bought into, ie...slow and slowly decreasing/ leveling. When we come to sell in 10 / 15 years time I dont think I'm going to be in neg equity
Apr 7th 2011, 12:36 am
#58
Officially Bewildered
Joined: Nov 2006
Location: Blue Mountains, NSW
Posts: 5,523
Re: What would you do? Rent or buy?
Here you go
http://i1210.photobucket.com/albums/...inoz/house.jpg
Deck with a hint at the view but doesn't do it justice
http://i1210.photobucket.com/albums/...ginoz/deck.jpg
Bedroom that obviously needs redecoration but again you get an idea of the view
http://i1210.photobucket.com/albums/...oz/bedroom.jpg
http://i1210.photobucket.com/albums/...inoz/house.jpg
Deck with a hint at the view but doesn't do it justice
http://i1210.photobucket.com/albums/...ginoz/deck.jpg
Bedroom that obviously needs redecoration but again you get an idea of the view
http://i1210.photobucket.com/albums/...oz/bedroom.jpg
Lovely
Apr 7th 2011, 3:34 am
#59
Gone Senile Member
Joined: Sep 2001
Location: Sydney
Posts: 3,014
Re: What would you do? Rent or buy?
Absolutely bloody gorgeous - enjoy
Have you got a pool you can swim in HUP? or are you paddling as usual.
Have you got a pool you can swim in HUP? or are you paddling as usual.