they paid 5.6% first 3 years locked in with a teachers credit union...then 6.15 past 2 years...with rates and building insurance say 1500 pa say costs 15500 first 3,then 16825 still below the $400 pw or $20800 pa they were paying in rent in the city they borrowed 250k...stamp duty concessions, fhb grant etc their lives changed for the better.....
previously they had been like some on this forum....inner city living was the only way to go, wailing about the high cost of houses, were never going to get into the market, unless the prices absolutely folded etc.....
now they just love their leafy suburban living, their friends followed them out there, they are amazed at the difference in attitude, love being owners, rather than renters.... I guess they also watched the house price rises in their new suburb, and feel vindicated their move away was the best move they ever made..... plus the growth in their investment....might have made their eyes water.....
