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Re: Is Rent "Dead Money"?
Originally Posted by Beoz
(Post 10654550)
Empathy .... well ... my inlaws who are nearing retirement would certainly love to come and live near Mrs Beoz for a while but simply cannot afford it. They can't even afford a visit. Never in their wildest dreams would they consider using taxpayers money to fulfill their "want".
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Re: Is Rent "Dead Money"?
Originally Posted by IvanM
(Post 10654968)
Depends on Chinese demand and Euro zone procrastination.
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Re: Is Rent "Dead Money"?
How important is SE Asia compared to the red dragon?
Originally Posted by RedDragon2008
(Post 10655131)
or the South East Asia "fall out":ohmy:
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Re: Is Rent "Dead Money"?
Originally Posted by IvanM
(Post 10655208)
How important is SE Asia compared to the red dragon?
:lol: |
Re: Is Rent "Dead Money"?
Originally Posted by commonwealth
(Post 10654997)
that sounds like a yes.
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Re: Is Rent "Dead Money"?
Originally Posted by GarryP
(Post 10654647)
You do have to make sure the advanced bits match your costs - and it only really works if you invest the difference between what you would have paid and the rent - if you blow it you are no better off :thumbsup:
Originally Posted by commonwealth
(Post 10654658)
thats what i thought as well. one must have a disciplined approach to managing the difference between rent and mortgage repayments.
Anyone seen the documentary: "End of the road"? |
Re: Is Rent "Dead Money"?
Originally Posted by commonwealth
(Post 10650836)
ok would you buy a newly built studio apartment approx 45sqm
close to train station, 15 mins to Sydney CBD with fitouts eg washer dryer dishwasher bed aircon strata etc approx $1K per qtr no stamp duty plus get $15K govt grant for $450K? |
Re: Is Rent "Dead Money"?
Originally Posted by isgraham
(Post 10656005)
That is a LOT of money for a tiny little apartment. Why would anyone even consider it?. Just confirms to me that my decision to move back to London was a good one.
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Re: Is Rent "Dead Money"?
Originally Posted by IvanM
(Post 10655208)
How important is SE Asia compared to the red dragon?
I was refering to north korea and "fall out";) |
Re: Is Rent "Dead Money"?
Originally Posted by isgraham
(Post 10656005)
That is a LOT of money for a tiny little apartment. Why would anyone even consider it?. Just confirms to me that my decision to move back to London was a good one.
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Re: Is Rent "Dead Money"?
Originally Posted by commonwealth
(Post 10656052)
ummm yeah its a lot i think. the great australian ponzi scheme is still doing money-go-round.
Price $450,000 Grant -$15,000 Net $435,000 Int/Rnt 6.00% 3.50% Per Year 26,100 15,750 Per Week 502 303 Compare it on the basis of interest only for mortagage, to what ever market rate is for rent. Dont take my figures exactly just trying to give a structured comparison for you. Firstly it looks the wrong thing to do because of the $200 per week short fall. But on a modest capital gain of 3% the gain equates to $259 per week. So you are $59 per week better off doing nothing more than living on interest only compared to rental. Its a plus in terms of a long term savings plan, and provides a somewhat emotional stake in the sand. :) |
Re: Is Rent "Dead Money"?
Originally Posted by commonwealth
(Post 10656067)
what can i buy in London with that money?
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Re: Is Rent "Dead Money"?
omg
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Re: Is Rent "Dead Money"?
Originally Posted by paulry
(Post 10656101)
A three bedroomed house
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Re: Is Rent "Dead Money"?
yeah this new apartment (with an enclosed bed area unlike most studios) is in inner city with a nice neighbourhood cafes and well presented residents and close to station. rents are around $350pw for a studio.
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