Forum Replies Created
Please include me
Thank you very much for your reply Benny
Sorry for late response I work away from perth.
I am renting in Rossmoyne and wouldn’t mind renting in nearby suburbs like shelley or riverton.Also, is there a property group where people meet and discuss?
At the moment I feel i’m throwing $500 a week away.
Is there a renting minus home costs matrix somebody can explain.Thank you very much for your reply Benny & Jason
I think I was looking for a simple advise whether I should buy in where I want to live or not. rents probably cheaper like $500-600 for a standard house and owning a house costs a bit more for sure. Is there a benefit in the long run to own a house in this area? or should I just rent and invest somewhere else.Hello Da
Im in Perth myself (cannington) and in the process of buying my first IP around 500K mark.
I personally believe prices in Perth are 10-15% higher than what they should be. But in saying that, i dont think the prices are coming down, houses take a little bit longer to sell thats all. Stock in the market has definately gone down as i can see very few properties in canning area as oppose to 3 months ago. Mind you im only looking at stock of 4 x 2 houses. So other types of properties may have gone up or down i dont know.
House prices in perth i think will stay flat or increase at a very low rate till at least 2015. So whether you buy now or 3 yrs later, wont make much difference. Im only buying because its kind of forced saving for me and if i dont i will end up buying a flash car and regret it.Rental market has definately gone up. I was told for a 4 X 2 X carport you can expect at least $450-$500 in cannin area for a average house. 3 X 2 villa can fetch between $375 – $400 depending on the parking, condition of the house, etc. 6 months ago 4 x 2 were between $400-$425 & 3 X 2 were between $340-$375.
Cheers
SaurabhDerek i prefer someone local, no offence to either of them. I already have couple of brokers talking to me.
Anyonme got any advise on Rams?
Thank Jamie
Whats everyone's opinion about Rams Loans? and has anyone got a 95% loan with them?
Thanks Richard for your advise
Derek i like your comment. I have narrowed down to two brokers but one of them actually mentioned that he will not only do the loan but will sit down with me and do a 5 year plan. I may want to refinance existing PPOR or sell it off and buy another one so he will keep everything in mind and guide me so to say.
Thanks Jamie for your comment – I have done some research on who owns what in banking industry and its very disappointing to know there arent very many big players. Also re worrying about getting the deal approved, does it increase your chances of approval if you go with a bank with slightly higher rates than the cheapest one out of the options?
Is there an agent in Perth? I want someone i can deal with face to face.
Thank you for your replies guys. I will be in touch.
I would love to hear from people who have appplied for finance in probation and the outcome of the application. Were there any hoops that you had to jump through? did you have to wait longer than three months?
Hi Surrey
Im not sure if its allowed but if provide the details of the property here. Im sure lot of people would be interested.
cheers
sabThanks for your reply Andrew
I dont mind sacrificing my standard of living right now and more than happy to live in a cheap unit. I can get a 2 X 1 unit for $130-$135K with above average condition. This allows me to buy another unit fairly soon. Is this a good strategy???
I’m sure in 5-8 years time i can move into something i like.
I would love to hear from someone who started with unit/s and made their fortune…Sab
