Birds

That would have been your LMI, duties, conveyancing etc.?

I was talking more the deposit than repayments - if you don't have to save up an extra 15k as part of your deposit, to cover stamp duty, then that can make a significant difference. Can stamp duty generally be tacked on to the loan principal?

Amazing ad, can we please make this the template for selling a car on SAU? Every thread would be all of two posts long - the seller and the buyer!!!

I feel like a Chinese uni student would still bid you out of your plot and you'd have to share or get chucked in with your already dead parents

Is actually quite noisy Because of all the coffin

I liiiiive in a cemetery

Might be the reason for his express sale... REA contacted saying accepting offers til end of tonight. Follow up email said taking offers til end of week...how bout dat

What about people borrowing on 95%? That 15k could be a make or break unless you can put it onto the mortgage

If you can wait for the demographic to pass through over the next 5 years, Cranbourne has some great places sub 500k http://www.realestate.com.au/property-house-vic-cranbourne-124854574

I'm certainly not going to...but as Martin pointed out above there may be people drawing out settlements to include. I think true bargains can come up at any time and you need to be prepared for it. Sometimes that means taking on mortgage insurance when you don't have a huge deposit together - the capital growth can easily overcome stamp duty or LMI if you've picked well.

That's the one

Off the plan are stamp duty free anyway IIRC, so the stamp duty exemption will only really assist new home buyers looking at established properties, in which case they will miss out on the FHOG because IIRC that has to be a new dwelling. Will probably drive up demand a little bit once it sets in, but my logic is that in the interim there could be some cheap (<450k) established home bargains to be had as first home buyers wait until July 1 to purchase.

This This is good for me http://www.news.com.au/finance/real-estate/buying/victorian-government-axes-stamp-duty-for-first-homebuyers/news-story/7a5b233d88dba7bdc7a2ddd254289d67

What's the grex plate suit mate?

I don't think you realise how long that would take you to go by jet ski

Yeah I missed opportunity to dodge that a day or two ago... It'll open down, prolly fall to the cap raise price then we'll recover as per usual. Not a big deal for me as I'm long term, but would have been nice to pick up more shares for cheaper.

It was a play on words because scrapping a car project frees up parking space and free parking is also one of the only refuges left on the board when everything is owned.

I don't know enough about your industry to argue otherwise, but this still sounds like choosing the city over suburbia because of a relative pay difference and a perceived better work / career path available. I think patience and persistence are required to find the good suburb job, but they are definitely there. Otherwise, if the city job doesn't pay enough to sustain buying property close to work, then it's not sustainable work IMO and you find a job elsewhere or change industry. For as long as employees are prepared to travel an hour to work and/or rent inner suburbs me CBD, these companies won't change their operations to accommodate.

Please don't post this shit as if I'm one of those retarded socialists who felt the need to give monopoly a touch of welfare / a leg up to shitty players by putting taxes and penalties in the middle of the board so they could wind up richer than Mayfair.

Car projects are like games of monopoly - full of fresh excitement, opportunity and fun at the start. Then half way through you've given all your money into some flamin mongrel with nothing to show for it, slowly draining you of your motivation to continue, at which point free parking becomes the only way out.

Keep going fatty! Proud x

Don't think the goal has ever been to pay off those mortgages, just an alternative to paying rent rather and have equity in something...but I agree...fk having 80% of your income go to a bank so you can live closer to skyscrapers and sip lattes on demand. Rather buy a motorbike to kill the travel time lol Travel time to and from work is a big one for me - for most jobs that's unpaid time/fuel that really needs to be factored in to your working hours/expenses when calculating job value, but rarely ever is. People seem to want to ignore it or accept it as fact of life. Used to have friends brag about incomes then find out their hours are 8-6 etc. Income doesn't look as good when you put down the complete contribution involved. Working 5 mins from where I live, I know what I'm getting paid for and you couldn't get me into the city for less than 25k p/a more. I purposely moved close to my work to maximise my weeknight R&R, youth you'll never get back. When you work 5 days a week and get only 2 to yourself (who convinced the world to run with this?!)...it's wasted life if you're getting home at 7pm to have dinner, watch an hour of tv and go to bed.

The city, I don't really get it either - depressing place with rubbish everywhere and crowds, queues and shitty limited parking you have to pay for. Food really no better than restaurants and cafes in suburbia. Suburban Melbourne on the other hand, I love. I think the attraction for most is that their friends and family live here too. Plus people growing up in the area and not wanting to venture too far out. I know if it wasn't for family, friends and my work industry then I would likely be on the skirts of Bendigo with 1000sqm like you, waiting for the growth to come through instead of borrowing high for comparatively mediocre residence.

They're already established/establishing, most people (there will be exceptions for some industries) just need to fk off the idea that the city is where it's at. Dandenong, Rowville, Knoxfield and Mulgrave are massive hubs of big business - some of the biggest players in their industries operate out of these spots, assuming everyone has to work for someone like this. My marketing job pays more than most of the city based ones I was looking at and I live 5 mins from work - win/win. Business needs to offer incentive for the commute or risk losing staff to easier transits - pay employees more for their trouble or setup office away from head. Isuzu for example are moving from Port Melbourne to Deer Park iirc. This is where I think free market will dictate that you either suck it up or fk off to an easier job/industry and the vacant desk will take care of itself.

What is your field? Again, this is where business needs to be decentralised. Rules of free market say that if it's truly unsustainable travel time then employees will find work elsewhere or rent closer to it...