You get to Oz,then buy a house...
Nov 13th 2006, 4:56 am
#61
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Joined: Mar 2005
Location: Sutton Coldfield now beautiful Karalee
Posts: 530
Re: You get to Oz,then buy a house...
Originally Posted by onepearlyb
Ok, can I ask a fairly tricky question here?
We'll have about £95k-£100k to transfer across to Oz when we move ( or leave it in an account here until we're ready to buy )
We'd love to be mortgage free in Oz but I can't see it happening with our first house purchase. So, from perusing the real estate websites I THINK that in order to buy what we want, we'd still need approx $100k-$150k of a mortgage in Oz. Can anyone give their personal opinion on whether that would be considered a "big mortgage" in oz or not?
Hubbies a business manager and I'm a nurse. I estimate we'd be on around $120k between us a year. ( maybe more ) We want to have a small mortgage so that we can fly back to the Uk when we want to for holidays.
*pearly*
We'll have about £95k-£100k to transfer across to Oz when we move ( or leave it in an account here until we're ready to buy )
We'd love to be mortgage free in Oz but I can't see it happening with our first house purchase. So, from perusing the real estate websites I THINK that in order to buy what we want, we'd still need approx $100k-$150k of a mortgage in Oz. Can anyone give their personal opinion on whether that would be considered a "big mortgage" in oz or not?
Hubbies a business manager and I'm a nurse. I estimate we'd be on around $120k between us a year. ( maybe more ) We want to have a small mortgage so that we can fly back to the Uk when we want to for holidays.
*pearly*
With your estimated income you could have a $300-$400k mortgage and still have plenty of spare cash to enjoy life with. (Jammy Bas**rd)
Nov 13th 2006, 5:18 am
#62
Life's a gamble
Joined: Sep 2005
Location: Solihull2Gold Coast-Sept '06
Posts: 2,492
Re: You get to Oz,then buy a house...
Originally Posted by The S's
Forget about all of your good ideas until you get here. We where in a similar position to you when we came over, £135k and dreams of a small mortgage. Then you go looking at houses and see why some of the 4 x 2 houses are so cheap. We have ended up with a $250k mortgage and our income is half of yours, but hey , if i'm going to be skint why not do it next to the pool in the sunshine?
With your estimated income you could have a $300-$400k mortgage and still have plenty of spare cash to enjoy life with. (Jammy Bas**rd)
With your estimated income you could have a $300-$400k mortgage and still have plenty of spare cash to enjoy life with. (Jammy Bas**rd)
I think the house's here are just thrown up, very poor quality Thats why they are soo cheap.
Another thing I found here is that the house's are built really close together, often being over looked.
Good luck to those looking for there dream home
Nov 13th 2006, 5:25 am
#63
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Joined: Apr 2005
Location: On the edge of the Dandenongs, Melbourne
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Re: You get to Oz,then buy a house...
Here you are - here's ours in photos:
Nov 13th 2006, 6:04 am
#64
Joined: Oct 2005
Posts: 9,066
Re: You get to Oz,then buy a house...
Originally Posted by The S's
Forget about all of your good ideas until you get here. We where in a similar position to you when we came over, £135k and dreams of a small mortgage. Then you go looking at houses and see why some of the 4 x 2 houses are so cheap. We have ended up with a $250k mortgage and our income is half of yours, but hey , if i'm going to be skint why not do it next to the pool in the sunshine?
With your estimated income you could have a $300-$400k mortgage and still have plenty of spare cash to enjoy life with. (Jammy Bas**rd)
With your estimated income you could have a $300-$400k mortgage and still have plenty of spare cash to enjoy life with. (Jammy Bas**rd)
Still have a mortgage but like others working on when childs left home may move on else where and sell or rent to travel but for now we have somewhere we enjoy and can say at least we did the dream.
Would say that half the house here is about size of our UK house. We have a large garage here that is ripe for conversion if we stick one outside instead and that saves need to extend as well.
Have the pool which we enjoyed yesterday and not overly big so easy to care for.
Nov 13th 2006, 6:19 am
#65
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Joined: Mar 2004
Location: Ridgewood , Perth
Posts: 3,134
Re: You get to Oz,then buy a house...
Originally Posted by Madhouse!
Ooooh another one left from sunny Poole 
We had a 3bed end of terraced with postage stamp of back garden and a mortgage we couldnt afford!
Renting now a 4bed two storey house with Ocean and estuary views
Debt free and money in our pockets for a very nice change.
Yea life is grand
We had a 3bed end of terraced with postage stamp of back garden and a mortgage we couldnt afford!
Renting now a 4bed two storey house with Ocean and estuary views
Debt free and money in our pockets for a very nice change.
Yea life is grand
now have a 4 bed, big garden & pool! but still have a large mortgage
Nicky
Nov 13th 2006, 6:26 am
#66
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Joined: Mar 2005
Location: Sutton Coldfield now beautiful Karalee
Posts: 530
Re: You get to Oz,then buy a house...
Originally Posted by annqldau
We sort of went with your idea, we could have bought a posher house on a new estate but wanted wildlife so went for semi-bush a bit land and an older house. We now have a detached house and don't have close neighbours and plenty of local wildlife activity to keep us amused.
Still have a mortgage but like others working on when childs left home may move on else where and sell or rent to travel but for now we have somewhere we enjoy and can say at least we did the dream.
Would say that half the house here is about size of our UK house. We have a large garage here that is ripe for conversion if we stick one outside instead and that saves need to extend as well.
Have the pool which we enjoyed yesterday and not overly big so easy to care for.
Still have a mortgage but like others working on when childs left home may move on else where and sell or rent to travel but for now we have somewhere we enjoy and can say at least we did the dream.
Would say that half the house here is about size of our UK house. We have a large garage here that is ripe for conversion if we stick one outside instead and that saves need to extend as well.
Have the pool which we enjoyed yesterday and not overly big so easy to care for.
i agree totally with Suni and Jay also. It was a real shock to us when we got here how closely the houses are built, resulting in no privacy in such a huge country. This is the reason we have bought acreage in Karalee. We have got 1 1/4 acres for the price of a 600msq block on a new estate or Bayside. We looked at Bayside as all Poms do but discounted it as the houses seems to be crammed in.
Maybe in years to come we may go for a sea-change and the pros that it offers but for us at the mo there are to many cons.
Definitely need to come and view a house before getting to excited about how it looks on the net...
Nov 13th 2006, 6:30 am
#67
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: You get to Oz,then buy a house...
Originally Posted by The Crow
Here you are - here's ours in photos:
Lovely house; and in the Dandenongs, too! Can't say fairer than that, eh?
Nov 13th 2006, 6:31 am
#68
Joined: Oct 2005
Posts: 9,066
Re: You get to Oz,then buy a house...
Originally Posted by The S's
I think you are absolutely spot on there. Have bought 2 houses in the UK and both times have regretted not going for a larger mortgage, hence better house. So we have gone for it big time with larger mortgage on a smaller income :scared:
i agree totally with Suni and Jay also. It was a real shock to us when we got here how closely the houses are built, resulting in no privacy in such a huge country. This is the reason we have bought acreage in Karalee. We have got 1 1/4 acres for the price of a 600msq block on a new estate or Bayside. We looked at Bayside as all Poms do but discounted it as the houses seems to be crammed in.
Maybe in years to come we may go for a sea-change and the pros that it offers but for us at the mo there are to many cons.
Definitely need to come and view a house before getting to excited about how it looks on the net...
i agree totally with Suni and Jay also. It was a real shock to us when we got here how closely the houses are built, resulting in no privacy in such a huge country. This is the reason we have bought acreage in Karalee. We have got 1 1/4 acres for the price of a 600msq block on a new estate or Bayside. We looked at Bayside as all Poms do but discounted it as the houses seems to be crammed in.
Maybe in years to come we may go for a sea-change and the pros that it offers but for us at the mo there are to many cons.
Definitely need to come and view a house before getting to excited about how it looks on the net...
Nov 13th 2006, 6:33 am
#69
BE Enthusiast
Joined: Mar 2005
Location: Sutton Coldfield now beautiful Karalee
Posts: 530
Re: You get to Oz,then buy a house...
Originally Posted by Vash the Stampede
Crikey, what a step up!
Lovely house; and in the Dandenongs, too! Can't say fairer than that, eh?
Lovely house; and in the Dandenongs, too! Can't say fairer than that, eh?
Nov 13th 2006, 7:31 am
#70
Still alive
Joined: Jan 2006
Posts: 28,994
Re: You get to Oz,then buy a house...
Originally Posted by Olibeneli
If I get your drift...I have said this many times since we moved.....
I saw a Homer Simpson talking bottle opener the other day.....as you pull the top off of a beer bottle the opener lets out a huge sigh (in Homers voice) and says....
Aghhhhhhhhh beer, what a lovely sound!
Plus a few other lines I can't think of.
I have also seen a neon bar sign in the shape of AC/DC but that could be step too far for `er indoors.
I saw a Homer Simpson talking bottle opener the other day.....as you pull the top off of a beer bottle the opener lets out a huge sigh (in Homers voice) and says....
Aghhhhhhhhh beer, what a lovely sound!
Plus a few other lines I can't think of.
I have also seen a neon bar sign in the shape of AC/DC but that could be step too far for `er indoors.
Nov 13th 2006, 7:51 am
#71
Forum Regular
Joined: May 2006
Location: Linton Travel Tavern
Posts: 163
Re: You get to Oz,then buy a house...
Originally Posted by Amazulu
The upstairs main bedroom in our house here is bigger than the whole upstairs (3 bedrooms & a bathroom) of our house in the UK.
Our upstairs floor space is bigger than the whole floorspace of our UK house.
We paid less for our house here than we sold our house in the UK for.
Our upstairs floor space is bigger than the whole floorspace of our UK house.
We paid less for our house here than we sold our house in the UK for.
My sentiments entirely..........
Nov 13th 2006, 8:05 am
#72
Officially Bewildered
Joined: Nov 2006
Location: Blue Mountains, NSW
Posts: 5,523
Re: You get to Oz,then buy a house...
Originally Posted by The Crow
Here you are - here's ours in photos:
I have to say, I'm dreading the house hunt if we ever get out there. We'd be really lucky - with the amount of equity in our house here, we'd only need a piddly mortgage, and still have savings (and no other debt, wow) and hopefully be able to get something decent, for the 5 of us and the dogs.
Initially, we'd only be on a 457 visa.. does anyone know how long it takes to get approval to actually buy a property when you're not on PR?
Lynne
Nov 13th 2006, 8:06 am
#73
Life's a gamble
Joined: Sep 2005
Location: Solihull2Gold Coast-Sept '06
Posts: 2,492
Re: You get to Oz,then buy a house...
Originally Posted by The S's
I think you are absolutely spot on there. Have bought 2 houses in the UK and both times have regretted not going for a larger mortgage, hence better house. So we have gone for it big time with larger mortgage on a smaller income :scared:
i agree totally with Suni and Jay also. It was a real shock to us when we got here how closely the houses are built, resulting in no privacy in such a huge country. This is the reason we have bought acreage in Karalee. We have got 1 1/4 acres for the price of a 600msq block on a new estate or Bayside. We looked at Bayside as all Poms do but discounted it as the houses seems to be crammed in.
Maybe in years to come we may go for a sea-change and the pros that it offers but for us at the mo there are to many cons.
Definitely need to come and view a house before getting to excited about how it looks on the net...
i agree totally with Suni and Jay also. It was a real shock to us when we got here how closely the houses are built, resulting in no privacy in such a huge country. This is the reason we have bought acreage in Karalee. We have got 1 1/4 acres for the price of a 600msq block on a new estate or Bayside. We looked at Bayside as all Poms do but discounted it as the houses seems to be crammed in.
Maybe in years to come we may go for a sea-change and the pros that it offers but for us at the mo there are to many cons.
Definitely need to come and view a house before getting to excited about how it looks on the net...
Nov 13th 2006, 8:11 am
#74
Life's a gamble
Joined: Sep 2005
Location: Solihull2Gold Coast-Sept '06
Posts: 2,492
Re: You get to Oz,then buy a house...
Originally Posted by Dreamy
Nice photos! Your new home looks full of character too, which must be a bonus.
I have to say, I'm dreading the house hunt if we ever get out there. We'd be really lucky - with the amount of equity in our house here, we'd only need a piddly mortgage, and still have savings (and no other debt, wow) and hopefully be able to get something decent, for the 5 of us and the dogs.
Initially, we'd only be on a 457 visa.. does anyone know how long it takes to get approval to actually buy a property when you're not on PR?
Lynne
I have to say, I'm dreading the house hunt if we ever get out there. We'd be really lucky - with the amount of equity in our house here, we'd only need a piddly mortgage, and still have savings (and no other debt, wow) and hopefully be able to get something decent, for the 5 of us and the dogs.
Initially, we'd only be on a 457 visa.. does anyone know how long it takes to get approval to actually buy a property when you're not on PR?
Lynne
Nov 13th 2006, 10:21 am
#75
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Joined: Apr 2005
Location: On the edge of the Dandenongs, Melbourne
Posts: 2,387
Re: You get to Oz,then buy a house...
Originally Posted by Vash the Stampede
Crikey, what a step up!
Lovely house; and in the Dandenongs, too! Can't say fairer than that, eh?
Lovely house; and in the Dandenongs, too! Can't say fairer than that, eh?