Vic Wasteland Thread - 15.0

[Birds]

7 hours ago, TiTAN said:

 

So a massive gate and massive sliding/folding glass doors across the whole back of the place?

It seems like a fine stage from which to show off your efforts in the gym, at least thats the first reason you would want it that comes to mind.

 

[Birds]

24 minutes ago, emts said:

small side garden I see to work on.

 

the empty lot next door is that part of the park or will some-one build on it? 

Park - only have one neighbour.

[emts]

very nice.

[TiTAN]

first home buyers duty reduction. you get 50% off if it your primary place of residence.

 

if you put the full 80% down them you don;t need to pay loan mortgage insurance.

 

simples

 

 

You mean 20%

 

If you put down 80% up front on your first house you have done well.

 

Going 20% deposit also gets you lower interest rates on top of not having to pay mortgage insurance.

[emts]

yes, had not had my morning cup of tea, you are correct.

 

 

[Birds]

3 minutes ago, TiTAN said:

 

You mean 20%

 

If you put down 80% up front on your first house you have done well.

 

Going 20% deposit also gets you lower interest rates on top of not having to pay mortgage insurance.

With this I got the NAB first home buyer rate which is apparently the best in the market right now - fixed for two years. Also get about $1800 worth of shopping vouchers.

[Leroy Peterson]

I learned about the whole pay stamp duty in full and no mortgage insurance last night, didn't know 20% deposit was required as well, but that was the minimum deposit being spoken about.

[UNR33L]

Congrats mate 

[UNR33L]

Where's a good place to buy some diamond earrings? 

Don't mind spending a bit but not stupid amounts, birthday present.

 

Inb4 subtle, VWL6fig, 800k etc.

[Leroy Peterson]

Oh shiiiit

Don't tell him/her that you earned the money with CSGO skins

 

I prefer independent jewellers (bcoz hipster) because the people and artists actually know what they're doing, and they have no reason to lie to you, the items do all the talking so to speak. It's not just a spec sheet.

 

I've used e.g. etal in the CBD a couple of times. More designer stuff, but guaranteed unique and brownie points for the wimminz (compliments and envy galore amongst peers). Also got quality custom necklace from Ralf Finch in The Basin (chose a design, picked necklace and got to choose the pearls to use).

 

Edit: diamond earrings is a tough choice. Easily lost, small, mostly are studs so super subtle.

 

 

 

[UNR33L]

3 minutes ago, Leroy Peterson said:

Oh shiiiit
Don't tell him/her that you earned the money with CSGO skins

I prefer independent jewellers (bcoz hipster) because the people and artists actually know what they're doing, and they have no reason to lie to you, the items do all the talking so to speak. It's not just a spec sheet.

I've used e.g. etal in the CBD a couple of times. More designer stuff, but guaranteed unique and brownie points for the wimminz (compliments and envy galore amongst peers). Also got quality custom earrings from Ralf Finch in The Basin (chose a design, picked necklace and got to choose the pearls to use).

"Pearl necklace" sure sure 

Ok cool so there's no decent online shop gotta get off my ass and go somewhere? 

[Leroy Peterson]

Https://egetal.com.au
Theres some real gems there (pun intended) but some of its Margaret Pomeranz level jewellery

[Birds]

Mortgage insurance is proportional to your LVR and there's a law of diminishing returns to it, which starts to get awfully shitty when borrowing at high LVRs.

Here's a good example - you have 70k saved up as a first home buyer, it could be allocated as such:

A. 600k property, 5% deposit of 30k, LMI of 26k, stamp duty 15k = initial upfront of ~70k and your LVR is 95% on 570k borrowed

B. 500k property, 10% deposit of 50k, LMI of 9k, stamp duty 11k = initial upfront of ~71k and your LVR is 90% on 450k borrowed

So whilst 100k difference between the purchase price of the two places, the more expensive one actually requires you to borrow 120k more due to money spent on LMI (and some for the extra stamp duty).

One loophole you could use to avoid this - get a relative to borrow and "gift" you enough to make up a 20% deposit and cover the stamp duty - you finance the other 80% = no mortgage insurance and you just service both loans. Or they can go guarantor on the loan and you technically don't need any deposit or LMI.

[TiTAN]

With this I got the NAB first home buyer rate which is apparently the best in the market right now - fixed for two years. Also get about $1800 worth of shopping vouchers.

 

I'm on 3.81% at the moment, zero annual fees.

 

Looks like the comparison rate for that 3.69% deal is 4.38%

 

Pretty sure ubank and loans.com.au are still the actual comparable cheapest as they have no annual fees on their variable rate loans, with a once off few hundred $$ fee if you want to go fixed rate. But you have to have minimum 20% deposit to get those deals.

[Birds]

But muh NAB vouchers

[TiTAN]

Il stick with my pay less interest and fees In the long run than get some vouchers up front plan.

[HEKT1K]

1 hour ago, UNR33L said:

Where's a good place to buy some diamond earrings? 

Don't mind spending a bit but not stupid amounts, birthday present.

 

Inb4 subtle, VWL6fig, 800k etc.

http://www.bbc.com/news/world-europe-39943470

[Birds]

48 minutes ago, TiTAN said:

Il stick with my pay less interest and fees In the long run than get some vouchers up front plan.

We comparing our loans or what was available to me at the time?

[TiTAN]

We comparing our loans or what was available to me at the time?

It was available to you too? You said you went in on 20% or more deposit?

[Birds]

8 minutes ago, TiTAN said:

 

It was available to you too? You said you went in on 20% or more deposit?

 

Talking about the rate; I have no idea when you obtained a loan.