You get to Oz,then buy a house...
Nov 13th 2006, 6:03 pm
#91
true blue
Joined: Nov 2006
Location: gods waiting room worthing
Posts: 112
Re: You get to Oz,then buy a house...
Originally Posted by paul geezer
lyne r u planning to move to oz? 
Nov 13th 2006, 7:40 pm
#92
Joined: Oct 2005
Posts: 9,066
Re: You get to Oz,then buy a house...
Originally Posted by paul geezer
lyne r u planning to move to oz?
Nov 13th 2006, 8:14 pm
#93
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 annqldau
Think that's normally the point of being on here, moving or moved, unless you are Vash of course.
I am here because I'm moving back home to Australia with my English missus.
Surely that qualifies as moving?
Nov 13th 2006, 8:39 pm
#94
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 aston man
isn't sutton part of a place called kingstanding,we have also visited that solihull its a very nice suburb of chelmsley wood..
Nov 13th 2006, 8:45 pm
#95
Joined: Oct 2005
Posts: 9,066
Re: You get to Oz,then buy a house...
Originally Posted by Vash the Stampede
Eh?
I am here because I'm moving back home to Australia with my English missus.
Surely that qualifies as moving?
I am here because I'm moving back home to Australia with my English missus.
Surely that qualifies as moving?
Nov 13th 2006, 8:48 pm
#96
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
Thanks Suni (or Jay ) 30 days doesn't seem so bad - but I suppose it could have an impact on someone accepting an offer on their house subject to approval (especially if its a des res)
The 'told we would have to buy a new house' has confused me tho - the FIRB webpage says you can buy an establised dwelling so long as its your main residence, and not for rental purposes - have you found that not to be the case?
Lynne
) 30 days doesn't seem so bad - but I suppose it could have an impact on someone accepting an offer on their house subject to approval (especially if its a des res)The 'told we would have to buy a new house' has confused me tho - the FIRB webpage says you can buy an establised dwelling so long as its your main residence, and not for rental purposes - have you found that not to be the case?
Lynne
In the contract you put loads of clause's like Subject to FIRB, Subject to finance, Subject to this and that.they allow about 30 days for all of that.
You also put down settlement time, ie 30 days or 60 or 90.
This is my understanding of how it works in QLD, not sure about the other states
Suni
Last edited by Suni&Jay; Nov 13th 2006 at 8:57 pm.
Nov 13th 2006, 9:00 pm
#97
Joined: Oct 2005
Posts: 9,066
Re: You get to Oz,then buy a house...
Originally Posted by Suni&Jay
When you put an offer in for a house her you have to sign a contract there and then. You have a cooling of period of 5 days ( but if you cancel within 5 days it will cost you 0.25% of the house price, Most EA want tell you that!)
In the contract you put loads of clause's like Subject to FIRB, Subject to finance, Subject to this and that.they allow about 30 days for all of that.
You also put down settlement time, ie 30 days or 60 or 90.
This is my understanding of how it works in QLD, not sure about the other states
Suni
In the contract you put loads of clause's like Subject to FIRB, Subject to finance, Subject to this and that.they allow about 30 days for all of that.
You also put down settlement time, ie 30 days or 60 or 90.
This is my understanding of how it works in QLD, not sure about the other states
Suni
Nov 13th 2006, 9:18 pm
#98
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 annqldau
I'm sure it does but you will never be the same now you've been corrupted, notice you put Lass instead of Sheila for starters on your profile.
And I'd never use the word "sheila". That went out in the 80s, if not earlier.
Nov 13th 2006, 9:26 pm
#99
Joined: Oct 2005
Posts: 9,066
Re: You get to Oz,then buy a house...
Originally Posted by Vash the Stampede
I was using UK colloquialisms long before I came to the UK. My father was English, after all - as was my maternal grandfather.
And I'd never use the word "sheila". That went out in the 80s, if not earlier.
And I'd never use the word "sheila". That went out in the 80s, if not earlier.
.
Nov 13th 2006, 9:30 pm
#100
Gutter Gob!!
Joined: Feb 2005
Location: Perth
Posts: 13,098
Re: You get to Oz,then buy a house...
Originally Posted by Dreamy
wow, a week is excellent 
Did you come across any problems from vendors not wanting to accept an offer from you, cos of needing approval?
(I know, I'm starting to look for problems that might not even be there ::mutters:
Lynne
Did you come across any problems from vendors not wanting to accept an offer from you, cos of needing approval?
(I know, I'm starting to look for problems that might not even be there ::mutters:
Lynne
Nov 13th 2006, 9:30 pm
#101
I don't re Member
Joined: May 2004
Location: Termite Country (Tanah Merah)
Posts: 1,372
Re: You get to Oz,then buy a house...
Originally Posted by northernbird
we bought a house that had already been lived in and we are temp visa holders. FIRB approval was back within a week.
Andrew
Nov 13th 2006, 9:34 pm
#102
I don't re Member
Joined: May 2004
Location: Termite Country (Tanah Merah)
Posts: 1,372
Re: You get to Oz,then buy a house...
Originally Posted by Baz
Just a quick question for anyone "in the know."
We will hopefully be moving to Cairns, and we have seen from various websites that it would appear you can get a nice house for around the AU$400,000 mark.
We will have a deposit of around AU$70,000 and both my wife and me will be working. Does anyone know how it works, with regards to how much money we would be offered for a mortgage? If we can put AU$70,000 down as a deposit, and we both have mid - range paying full time jobs, and no outstanding debts, do you think we could get the AU$400,000 and actually be able to make the mortgage re-payments?
Please forgive my ignorance, we have never actually had a mortgage before, always rented, so we don't even know the basics.
Thanks.
We will hopefully be moving to Cairns, and we have seen from various websites that it would appear you can get a nice house for around the AU$400,000 mark.
We will have a deposit of around AU$70,000 and both my wife and me will be working. Does anyone know how it works, with regards to how much money we would be offered for a mortgage? If we can put AU$70,000 down as a deposit, and we both have mid - range paying full time jobs, and no outstanding debts, do you think we could get the AU$400,000 and actually be able to make the mortgage re-payments?
Please forgive my ignorance, we have never actually had a mortgage before, always rented, so we don't even know the basics.
Thanks.
So you will have a $100,000 combined income and need a mortgage of $330,000. reckon you should be able to get that but no expert! Just ask any bank over here. Repayments will probably be around $600/week over 25 years. It'll be tough but not impossible, especially if you have no kids, it'll be easier - IMHO.
Andrew
Nov 13th 2006, 11:13 pm
#103
BE Forum Addict
Joined: Jan 2004
Location: Halls Head, WA
Posts: 4,146
Re: You get to Oz,then buy a house...
Originally Posted by Baz
Just a quick question for anyone "in the know."
We will hopefully be moving to Cairns, and we have seen from various websites that it would appear you can get a nice house for around the AU$400,000 mark.
We will have a deposit of around AU$70,000 and both my wife and me will be working. Does anyone know how it works, with regards to how much money we would be offered for a mortgage? If we can put AU$70,000 down as a deposit, and we both have mid - range paying full time jobs, and no outstanding debts, do you think we could get the AU$400,000 and actually be able to make the mortgage re-payments?
Please forgive my ignorance, we have never actually had a mortgage before, always rented, so we don't even know the basics.
Thanks.
We will hopefully be moving to Cairns, and we have seen from various websites that it would appear you can get a nice house for around the AU$400,000 mark.
We will have a deposit of around AU$70,000 and both my wife and me will be working. Does anyone know how it works, with regards to how much money we would be offered for a mortgage? If we can put AU$70,000 down as a deposit, and we both have mid - range paying full time jobs, and no outstanding debts, do you think we could get the AU$400,000 and actually be able to make the mortgage re-payments?
Please forgive my ignorance, we have never actually had a mortgage before, always rented, so we don't even know the basics.
Thanks.
However, our salaries for a 'normal' mortgage was looked at for affordability. But then they also take into account any credit card limits, loans etc.
When we looked at a 'low doc' mortgage, we needed 30% deposit.
Nov 13th 2006, 11:58 pm
#104
Joined: Oct 2005
Posts: 9,066
Re: You get to Oz,then buy a house...
Originally Posted by Baz
Just a quick question for anyone "in the know."
We will hopefully be moving to Cairns, and we have seen from various websites that it would appear you can get a nice house for around the AU$400,000 mark.
We will have a deposit of around AU$70,000 and both my wife and me will be working. Does anyone know how it works, with regards to how much money we would be offered for a mortgage? If we can put AU$70,000 down as a deposit, and we both have mid - range paying full time jobs, and no outstanding debts, do you think we could get the AU$400,000 and actually be able to make the mortgage re-payments?
Please forgive my ignorance, we have never actually had a mortgage before, always rented, so we don't even know the basics.
Thanks.
We will hopefully be moving to Cairns, and we have seen from various websites that it would appear you can get a nice house for around the AU$400,000 mark.
We will have a deposit of around AU$70,000 and both my wife and me will be working. Does anyone know how it works, with regards to how much money we would be offered for a mortgage? If we can put AU$70,000 down as a deposit, and we both have mid - range paying full time jobs, and no outstanding debts, do you think we could get the AU$400,000 and actually be able to make the mortgage re-payments?
Please forgive my ignorance, we have never actually had a mortgage before, always rented, so we don't even know the basics.
Thanks.
Nov 14th 2006, 1:23 am
#105
BE Forum Addict
Joined: Jun 2003
Location: Dawesville, WA
Posts: 1,192
Re: You get to Oz,then buy a house...
Originally Posted by brido
Ive been flicking through a realestate website and it led me to wonder.
The new migrants dream is to own bigger and better house than they did in the UK.Im hoping for the same,as much as i love my home.
To all expat homeowners,How does your Oz home compare to what you had in the UK?
The new migrants dream is to own bigger and better house than they did in the UK.Im hoping for the same,as much as i love my home.
To all expat homeowners,How does your Oz home compare to what you had in the UK?
Oz: massive 4 bed, two storey, balconies, views of the ocean and the estuary from every room upstairs and from the garden + 2 min walk to school, 5 min walk to beach, canals, Piazza totally debt free
We are renting, have invested our lump sum and the interest covers the rent. We could not afford to buy what we are living in without a big mortgage so are happy to rent and live a fantastic lifestyle. We will buy eventually but we have just gotten rid of a big mortgage and want a break for a while.
ACE
Last edited by ACE; Nov 14th 2006 at 1:58 am.