9455 replies to this topic

[Zac]

My Old car pretty much looked like this... just in Black and without the rear wing...

 

Fair enough Morgan.

I am more and more keen to get a mortgage now! really need to start saving for a deposit!

Do it man... Spring is the time to buy apparently...

[Scuba-Roo]

 
i like em. some people dont.

can get a BF2 fairly cheap as well.

I rate em highly!

Mums FG xr6t is soo nice to drive. Handles really well and gets going when you want it to. Doesnt really slow down with a car full of people either.

[B4TT]

Do it man... Spring is the time to buy apparently...

Fucking hell LOL. I think the chance of me saving enough money for a deposit by spring 2016 is optimistic man! But I will give it a solid go!

[Zac]

forking hell LOL. I think the chance of me saving enough money for a deposit by spring 2016 is optimistic man! But I will give it a solid go!

Haha... thats all you can do.... give it a go... you only need a 5% deposit these days... unless you are trying to avoid the LMI, in which case you'd been 20%... also, factor in the other fees like stamp duty, legal fees etc...

 

 

 

 

@Shaz:

 

http://www.ebay.com....7efce380&_uhb=1

[B4TT]

Haha... thats all you can do.... give it a go... you only need a 5% deposit these days... unless you are trying to avoid the LMI, in which case you'd been 20%... also, factor in the other fees like stamp duty, legal fees etc...

Yeah, this daunts me somewhat.

I would aim for maybe a 10% deposit.

[Samwise]

Haha... thats all you can do.... give it a go... you only need a 5% deposit these days... unless you are trying to avoid the LMI, in which case you'd been 20%... also, factor in the other fees like stamp duty, legal fees etc...

 

Hey Sack - http://www.subyclub....-titanium-grey/

[Zac]

Yeah, this daunts me somewhat.

I would aim for maybe a 10% deposit.

Chill man... its too easy... I'm in my second house... sale from first house paid for deposit and legal fees of new house... LOL!

 

10% is good... still have to pay the LMI then, but that will get lumped in with your loan amount... so no big deal...

 

Start by checking out where you want to buy and what the average prices are..

 

Hey Sack - http://www.subyclub....-titanium-grey/

I didn't want to see that Sam....

 

I'll say NO.... no no no.... hmmm....

[Samwise]

I did very much want to see that Sam....

 

I'll say YES.... yes yes yes.... hmmm.... very cheap!

[Zac]

 

I did very much want to see that Sam....

 

I'll say YES.... yes yes yes.... hmmm.... very cheap!

 

Your quoting skills are almost as good as Josh's paint skills.. almost...

 

Nah, I'll probably keep using my S2 till it dies...

[Scuba-Roo]

@Shaz:
 
http://www.ebay.com....7efce380&_uhb=1

The ad doesnt mention anytning about rego...

Looks cool but, althought theirs probably alot of rust.

[mark300]

I rate em highly!

Mums FG xr6t is soo nice to drive. Handles really well and gets going when you want it to. Doesnt really slow down with a car full of people either.

 

ive driven a few of em and i like em. like you say they go when you want them to.

im doing alot of drives to sydney these days as well, spending alot of time on freeways so something comfortable is a must.

[B4TT]

Chill man... its too easy... I'm in my second house... sale from first house paid for deposit and legal fees of new house... LOL!
 
10% is good... still have to pay the LMI then, but that will get lumped in with your loan amount... so no big deal...
 
Start by checking out where you want to buy and what the average prices are..

Already know where I want to buy, I want to buy just an investment property back up home to rent out. Can probably pick up something extremely basic for $300K (like a unit or a duplex type thing) but loan calculator reckons I can borrow (25 year loan) about $233K (If I don't include any monies taken as rent from the property) and $389K if I do (given on what the real estate says examples pull in rent. If I wanted to get a house that was say $340K I would need to have saved like $50K though wouldn't I? (as deposit and all the other shit that goes with it).

[Zac]

The ad doesnt mention anytning about rego...

Looks cool but, althought theirs probably alot of rust.

True... QLD... pfft...

 

I'd get it if I knew a lot about cars... a Stang is just something every man should own at least once in their life..

[Morgan]

Including all the little rounding bits that we've put into savings this fortnight, we should put away a good $1300

Not a huge amount but if we can continue to do that every fortnight, our deposit should be growing real quick!

[B4TT]

Good work Morgan! that is a great amount to save in a fortnight! that is more than I am aiming for in a month!

[Zac]

Already know where I want to buy, I want to buy just an investment property back up home to rent out. Can probably pick up something extremely basic for $300K (like a unit or a duplex type thing) but loan calculator reckons I can borrow (25 year loan) about $233K (If I don't include any monies taken as rent from the property) and $389K if I do (given on what the real estate says examples pull in rent. If I wanted to get a house that was say $340K I would need to have saved like $50K though wouldn't I? (as deposit and all the other shit that goes with it).

Good thinking...

 

If investment, which is what I did for my first house, then you lose the first home owner's grant unless you live in the house for 6months in the first year...

 

If buying as investment, then yeah, you can consider the rental income as part of your income, but best not to cut it too close...

 

I would think you would be able to borrow tonnes more???

[Shaz]

Morgs, get these wheels. They look tops. 

 

[Zac]

Including all the little rounding bits that we've put into savings this fortnight, we should put away a good $1300

Not a huge amount but if we can continue to do that every fortnight, our deposit should be growing real quick!

Saving for a deposit too? Thats cool man..

 

I'm trying to put in extra repayments now, so hopefully cutting the repayment time down to about 7-9 years remaining... could have a freehold house by the time I'm 40 if I'm lucky... but never know what the future holds...

[Shaz]

Or these.

 

[Zac]

Shaz, first choice wheels were nicer... don't like these ones... ^^^^^^^