The plus side with houses falling is you can buy a property for the kids...l have been thinking about it but for 750k its nearly another 45 k in fees
So this time next year same house take 1k a week means 700k plus 40k in fees
Stampduty crazy....l think people are getting confused about interest rates using historical data like if it will happen again..1 percent or 2 percent should always be used before buying...everytime in past when l did buy l always made sure l could service loan 2 percent higher...l cant see how people buying 750k house let say 20 percent dep of 150 including fees leaves loan of 650k
So 6 percent roughly 750 a week to pay loan back...need to pick property carefully in all honesty l would rather rent at 500 a week and save the 250 a week or buy and rent a room out
Most aussies will admit its bloody hard if you are just starting out and really l am prepared to lose 300k in value on my properties if it means my kids stand a chance
Problem is will the damn councils drop the rates etc and property tax
Governments also have a good gig going on with stamp duty
