The Wasteland - ACT Style

[Trozzle]

I wouldn't rent if negative gearing were removed. The number of houses that would hit the market would be obscene, I'd buy one then.

[Walfers]

I want a Bugatti.

[GTRKat]

I wouldn't rent if negative gearing were removed. The number of houses that would hit the market would be obscene, I'd buy one then.

I don't believe that's what happened in the 80s for the time they removed it.

Rents went up and costs passed on to tenants. I know that's what I'd be doing.

[k_d]

My 2c. On low income its fkn hard to affort a deposit for a house. I looked into it and on my wage i need approx 50k min for a deposit and i can get at most 475k. Oh yeah, thats on top of paying 10k a year rent (roughly). Doesnt matter about first homebuyers grant, aparently only applies to new houses being built (may be misinformed?). f**k yeah

[GTRKat]

My 2c. On low income its fkn hard to affort a deposit for a house. I looked into it and on my wage i need approx 50k min for a deposit and i can get at most 475k. Oh yeah, thats on top of paying 10k a year rent (roughly). Doesnt matter about first homebuyers grant, aparently only applies to new houses being built (may be misinformed?). f**k yeah

Yep I get that and I don't know your personal situation (married, single etc) and it's a hard slog but people do it. Definitely easier when there are 2 of you!

I know when we bought our first place it certainly wasn't easy.

That does bite that first home owners doesn't go towards established houses. Has that changed?

I guess the income part really comes down to the choices that you make in life though. I am far from low income however at times it comes with a lot of personal sacrifices and responsibilities.

[Shell]

I think the thing is you have to look at unit or townhouse, not a $475k house. Work your way up.

I feel like this is a lot easier in Canberra than Sydney (where I think average unit prices are about $400-500k lol!)

Sydney's just ridiculous. I don't know how anyone ever moves out of home. Even if you manage to snag a cheapie unit way out in the sticks, you have to think about your commute. At least you don't have that problem in Canberra!

[Manuel Kasko]

Yeah Canberra would be an awesome place to purchase a house or even a nice town house. A few of my mates have picked up nice little town houses for around the 300k mark. House and land packages out in Casey were reasonably priced as well.

[k_d]

I agree completely with you both (kat and shell) and i wont be looking at a house here at this point in time.

Not 100% sure on homebuyers grant, just running off what i have heard from a few different people. May well be the opposite...

[Anfanee]

No Kat fhbg has not changed. Still only new houses.

[GTRKat]

Ahh fair enough. I guess that helps local businesses out as well.

Was a long time ago when we bought our first home!

[cpark]

Yeah man, I use to run the Canberra LANs - really fun place and the iM fellow is pretty sharrrrrrrp. I always outperform at LANs though and competitive matches (Not TMM)....I missed the last comp - my m8 who was going to enter our team didn't haha.. oh well Sounds like you had fun though.

way to change a topic

[RosieR34]

way to change a topic

Someone had too besides, I was replying to Dan. Would be rude of me to just ignore him now.

[RosieR34]

Oops, I think you quoted the wrong post haha just realised

[cpark]

Close enough

[natett]

in closing. stop having a whinge buy a house and move on. its not rocket scince

[Shell]

No, just a giant rip off lol. Can't buy a house for less than $900k-$1mil where we were living in Sydney... and no it wasn't anywhere fancy, it was Parramatta ffs

I agree with getting into the market but I think you still have to see a remote bit of value in what you are buying.... that's why I'd prefer so spend $500k on the same thing in Canberra or Wollongong or somewhere.

Not so easy if you work and commute in Sydney though

[GTRKat]

Also have the option of renting where you want to live and investing elsewhere.

Plenty of ways to get in the market.

[k_d]

Glad we are getting good weather now, i was starting to run out of stuff to watch on netflix...

[Manuel Kasko]

Just had my engagement party down the coast and the weather was amazing the whole weekend. Such a nice place at Ulladulla

[natett]

Also have the option of renting where you want to live and investing elsewhere.

Plenty of ways to get in the market.

Agreed. i have plenty of friends that rent $2M apartments in Sydney but have properties in everywhere from Townsville, Darwin, Dubbo, Goulburn and the like. Diverse portfolios but also houses of all different price categories. Its not a hard game, just need to play it smart.