Browse Forums General Discussion Re: First Home Owner Grant now $24000! Sydney House Prices Next? 22Oct 17, 2008 7:59 pm Thanks so much Su…it’s the main feature of my home.
The colour is Dulux Royal Battle if any one wants to use it. It’s a stunning deep colour for all those brave enough. I like very deep colours when I do feature walls. Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: First Home Owner Grant now $24000! Sydney House Prices Next? 23Oct 17, 2008 8:12 pm to_do_list thlo I respect your view that a mortgage is not for everyone, rent is not cheap either. I have a mortgage to and I've never rented...but I would not get into a $500k mortgage if it depended on a $7000 grant...I've always worked on single income, 10% interest, and 33% of disposable income as mortgage. If I could afford it get into the deal then it's a go, if not then it's a no go. My bank manager thought I was nuts to assume interest rates were going to get anywhere near 10%...well if the "meltdown" hadn't occurred we would have come close....and we will be there again. exactly i remember interest in the high teens so couldn't dare get myself into that kind of bind. However in saying that we are embarking on our biggest mortgage ever at age 47. Our old mortgage( until january this year) was 105 dollars a month to cover interest. Obviously not a huge mortgage. It was actually a 32k equity based loan. We had paid our previous mortgage of 35k off and then re-borrowed as an equity loan. But our new one will be somewhere between 120-140 k. for us this is a huge amount. We like being careful. We have lived a single wage for 8 years and then for the last 4 years off off 3/5 ths of one wage. i think working on double incomes is fraught with danger. But if it's the only way people can get into the market I guess it has some validation, so long as there is the potential to renegotiate the loan when you get to the stage of having only a single income. Re: First Home Owner Grant now $24000! Sydney House Prices Next? 24Oct 17, 2008 8:42 pm Michelle, I am glad I asked. That little picture doesn't do it justice. Re: First Home Owner Grant now $24000! Sydney House Prices Next? 25Oct 17, 2008 8:45 pm Thanks thlo Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: First Home Owner Grant now $24000! Sydney House Prices Next? 26Oct 18, 2008 8:31 am kexkez exactly i remember interest in the high teens so couldn't dare get myself into that kind of bind. However in saying that we are embarking on our biggest mortgage ever at age 47. Our old mortgage( until january this year) was 105 dollars a month to cover interest. Obviously not a huge mortgage. It was actually a 32k equity based loan. We had paid our previous mortgage of 35k off and then re-borrowed as an equity loan. But our new one will be somewhere between 120-140 k. for us this is a huge amount. We like being careful. We have lived a single wage for 8 years and then for the last 4 years off off 3/5 ths of one wage. i think working on double incomes is fraught with danger. But if it's the only way people can get into the market I guess it has some validation, so long as there is the potential to renegotiate the loan when you get to the stage of having only a single income. See, now this is what worries me about what my friends did. We got a small mortgage knowing we could pay it on just my husband's salary if the unplanned 'baby' popped into the equation. Everyone else we know borrowed huge amounts of money saying that it's ok because their pays would go up or.. that in five years (somehow) it would be easier to afford to have kids. I have no idea and am still to have it properly explained to me how in five years their repayment committments have changed because they certainly aren't paying substantial amounts off the principle... We never counted on having more money than what we have right now (even though I graduate from my degrees soon and will start working full-time instead of just part-time) simply because if the worst happens, we need to be able to afford it now and not what we might have in five years. Anyway. That's me. Re: First Home Owner Grant now $24000! Sydney House Prices Next? 27Oct 18, 2008 8:47 am karol Everyone else we know borrowed huge amounts of money saying that it's ok because their pays would go up or.. that in five years (somehow) it would be easier to afford to have kids. I have no idea and am still to have it properly explained to me how in five years their repayment committments have changed because they certainly aren't paying substantial amounts off the principle... We never counted on having more money than what we have right now (even though I graduate from my degrees soon and will start working full-time instead of just part-time) simply because if the worst happens, we need to be able to afford it now and not what we might have in five years. Anyway. That's me. exactly Karol if they were paying off as much as they could now then yes i guess what they've done is workable. In 5 yrs they could renegotiate their mortgage and because they'd paid of a decent chunk their repayments would be lower. BUT if they aren't doing so then I can't call it a wise decision. Blacktown Mt Druitt First Home Prices Grant $21000 28Oct 18, 2008 11:38 am stonecutter1309 $250k buys in Sydney - half a studio apartment or car parking space in the city, a 1-2 bedroom unit in the outskirts of the west (eg Blacktown), not even a house in the real west/rough areas - Mt Druitt, Plumpton, Whalan I had a look at a local real estate this morning and am glad to announce there are many houses in Mt Druitt area at $205,000 level, some of them brick veneer . In the $270,000 to $400,000 price range, there are many houses in Blacktown / Quakers Hill / Marayong / Glendenning/ Dean Park to Plumpton area. Once you have a fantastic fireplace like Michelle's put in, you'll feel like you are living in Switzerland. Re: First Home Owner Grant now $24000! Sydney House Prices Next? 29Oct 18, 2008 12:45 pm thlo stonecutter1309 $250k buys in Sydney - half a studio apartment or car parking space in the city, a 1-2 bedroom unit in the outskirts of the west (eg Blacktown), not even a house in the real west/rough areas - Mt Druitt, Plumpton, Whalan I had a look at a local real estate this morning and am glad to announce there are many houses in Mt Druitt area at $205,000 level, some of them brick veneer Western Sydney house prices; first home prices 30Oct 18, 2008 12:54 pm kexkez hmm houses eh.. I looked on realestate.com.au after reading this and the cheapest house was 250k However there were quite a few units and town houses below that price. the 2nd cheapest was 260k but even looking at the few photos for it, it looked pretty *******. Hi kexkez, The web site you are referring to is an advertising web site and it does not display all houses if you don't pay them to display. You can check individual real estate agent web sites from Blacktown, Quakers Hill, St Mary's and Plumpton to confirm if you like. Quote: realestate.com.au is owned and operated by the REA Group, the only truly global online real estate advertising company. Re: First Home Owner Grant now $24000! Sydney House Prices Next? 31Oct 19, 2008 6:41 am Michelle stonecutter1309 (as long as we can get out of this mess we're in). what? Are you having problems? No - I just meant the economy in general We are 120% fine when it comes to finances The developers need incentives to open up new land - and if market values are a bit low - they just won't do it. After 4 years - we're in! Stonecutters Ridge Blacktown development 32Oct 19, 2008 1:11 pm Hi sc
Is Stonecutters ridge still selling or sold out? If they are how much are the lots? Re: First Home Owner Grant now $24000! Sydney House Prices Next? 33Oct 19, 2008 2:48 pm thlo Hi sc Is Stonecutters ridge still selling or sold out? If they are how much are the lots? I think sales will start in Nov - we deposited as part of a pre-release 2.5 yrs ago. I have no idea how much regular blocks are - golf course frontage blocks are $600k+ After 4 years - we're in! Stonecutters Ridge Blacktown development 34Oct 19, 2008 3:10 pm Is Greg Norman building a house in Stonecutters Ridge himself?
First Home Grant Double, Triple to $21,000 35Oct 19, 2008 3:47 pm There are newly built homes (town houses) for $325,000 in the Sydney First Home Belt area that we are talking about.
Quote: I call the lower priced first home areas of Western Sydney the FIRST HOME BELT (the same line M7 follows) Prestons, Hoxton Park, Hinchinbrook, Green Valley, Rooty Hill / Mt Druitt, Plumpton / Oakhurst / Hassall Grove / Dean Park, Glendenning, Woodcroft, Marayong, Blacktown, Glenwood, Quakers Hill / Acacia Gardens, Parklea, Baulkham Hills, Stanhope Gardens, Kellyville Ridge). You would receive the $21,000 grant (eligibility rules pending) and move in immediately, best of both worlds. You would actually have some (about $5,000) of the grant left over after the purchase for you to pay a lump sum into the mortgage, to park into your 100% offset account, upgrade your car or just go on a holiday. I am sure a way to use the money can be found. And you save once more for buying a completed project because you don't have to pay interest for 8 months (about $14,000 worth of interest) on the land and construction loan while your plans are being approved and house being built and while paying rent all along. Re: Stonecutters Ridge Blacktown development 36Oct 20, 2008 9:07 am thlo Is Greg Norman building a house in Stonecutters Ridge himself? I can't imagine he'd want to! I think he's been out to the site once After 4 years - we're in! First Home Owners Grant Double $21000 / Sydney home prices 37Oct 21, 2008 1:12 am Mr Nathan Rees, NSW Premier on ABC 7:30 Report (Excerpt)
NATHAN REES: What I would say is that, for example, if you look at the property market in New South Wales, which has been subdued, I think we may in fact, with a bit of luck, see some more investment in property given the volatilities in the share market. Now, that's a possibility. KERRY O'BRIEN: But we're told by the experts that Australia is in the midst of a housing bubble that is unsustainable and Sydney I would've thought was at the head of that? NATHAN REES: It's very patchy; it’s all over the place. There are very strong rental demands in Sydney, for example, but there are large parts of our suburbs in which property prices have declined. So, on one hand a very strong rental market and a demand for more dwellings, on the other hand... KERRY O'BRIEN: You say a strong rental market, in fact, it's a rental crisis. http://www.abc.net.au/7.30/content/2008/s2396284.htm Re: First Home Owner Grant now $24000! Sydney House Prices Next? 39Oct 21, 2008 1:05 pm Wow! 600k+ for land in a golf course! That is very expensive. After you build a house there it will be worth at least 1 million?! It must be the most expensive suburb in Blacktown area. Re: First Home Owner Grant now $24000! Sydney House Prices Next? 40Oct 21, 2008 1:33 pm sammy - yep.
we'd be in the same situation as Macquarie Links - $1m+ houses surrounded by suburbs where houses are $400k. Mind you - the interest in Macquarie links has meant that new developments in the Ingleburn area have popped up. After 4 years - we're in! Hi all I am looking to run a water line under my concrete footpath which is directly next to my home, was seeing if this is possible without cutting the entire section… 0 20191 Tradie may sit at home but will need to get house plastered as well or will you sit it out? 6 9977 i imagine you also have another contract with an architect? and yeah, whatever other's said about special conditions and appendices 16 16026 |