Are you renting or buying? - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
The Pub For General Discussion

View Poll Results: Are you renting or buying you're house?
Renting 18 30.00%
Paying off/already own 27 45.00%
Still live with parents 15 25.00%
Voters: 60. You may not vote on this poll

LinkBack Thread Tools Display Modes
post #1 of 41 (permalink) Old 02-23-04, 05:43 AM Thread Starter
apolloxbgt's Avatar
Join Date: Oct 2003
Location: ravenswood near bendigo
Posts: 568
Are you renting or buying?

With the Australian property market coming off its biggest boom and huge prices being asked everywhere for property,it just made me wonder how many people around this place are renting and how many are paying off/own their homes.

I'll start the ball rolling:
I bought my house 18 months ago (when I was 21,now 23), so the bank still owns a fair percentige of it, but the way way land prices have gone around here it's almost in my favour (how much I owe verses how much it's worth).

Over to you.........

Mountain men love mountain women

apolloxbgt is offline  
Sponsored Links
post #2 of 41 (permalink) Old 02-23-04, 05:47 AM
Registered User
Bearman's Avatar
Join Date: Feb 2003
Location: Outer East, Melbourne, Vic
Posts: 581
Re: Are you renting or buying?

Slave to a mortgage!!

BA XR6 NA Mercury Silver (daily drive)
XC Fairmont Coupe (sunday cruiser)
Bearman is offline  
post #3 of 41 (permalink) Old 02-23-04, 02:04 PM
Road Warrior
Maximus's Avatar
Join Date: Dec 2002
Location: Cruisin at the Speed Of Fright
Age: 37
Posts: 489
Re: Are you renting or buying?


Bought just over a year ago but moved in on July 1st.
The guy wouldn't settle until that day cause he had already sold a house that year & would have to pay shit loads of tax otherwise.

It was all good for us.
We were then able to save a heap more money to start renovating.
Now all we do is renovate on the weekend, but it has slowed down a little Now as the next thing is to go double storey & we are holding off until we get some more dough.
It feels like I come to work for a relax though.



She's the last of the V8's.........
She Sucks Nitro.........
Phase 4 Head, Twin Overhead Cam.......
600 Horsepower Through The Wheels.........
She's Meanness Put To Music
and This Bitch Is Born To Run........

Avatar pic taken at on a Public Road, not at Calder Park raceway.

Thanks Goran as I have pinched your Signature
Maximus is offline  
post #4 of 41 (permalink) Old 02-23-04, 03:28 PM
Ford Appreciation Society
EBXR's Avatar
Join Date: Jul 2002
Location: ACT and loving it!
Age: 44
Posts: 3,666
Re: Are you renting or buying?

Mortgage, but thanks to the bushfires, the GST and the property boom, I've done okay. We bought just prior to the GST (Get Shafted Tax) coming in.

'67 Mustang V8 4sp... what fun to drive!
EBXR is offline  
post #5 of 41 (permalink) Old 02-23-04, 03:49 PM
Casper's Avatar
Join Date: May 2003
Location: Giving the finger to speedcams
Age: 46
Posts: 7,777
Re: Are you renting or buying?

Bought a house 7 years ago, then sold it last year to move back to Melbourne. Basically worked out that every cent I payed off in repayments we got back in profit. So it was like 6 years of rent free living and a big fat cheque in the end. Very much a good deal.
We are now renting again and waiting to see what happens with the market over the next couple of years. I'm thinking there will be a few houses sold cheap as the owners have over capitalised and have to bail.

Casper is offline  
post #6 of 41 (permalink) Old 02-23-04, 03:53 PM
known as tibbo
RaceCraft's Avatar
Join Date: Mar 2002
Location: Brisbane
Posts: 2,033
Re: Are you renting or buying?

REnt.. i work close to the CBD and prices are massive for a one man band to pay off...

cut a deal with my parents though, i have to pay out one brother his share of their house and i can have that when they move to the country in the next few years.. Still doesn't solve all my problems though as it is a good 20 mins each way from my workplace and i hate travelling to work (across town at that).. That'll add over an hour to my work day..

A mate in the game assures me land value in Brisbane is coming down so i might buy a little shack as an investment property...
RaceCraft is offline  
post #7 of 41 (permalink) Old 02-23-04, 04:56 PM
Registered User
shane3's Avatar
Join Date: Jan 2004
Location: Melbourne, Australia
Age: 43
Posts: 548
Re: Are you renting or buying?

Looking at the market,IF intrest rates go up again, there will be a lot of ppl who will have to sell to pay the banks what they owe, When this happens it should be a good time to buy. In the area we want we will be looking at around $400k - $500k SurryHills Melbourne.

Bluprint BA GT 2004 Model - Mods: Tinted Windows, Premium Sound, BBS Mags, 245/35R19 fronts, 285/30R19 rears, BMC POD Filter, SS cold air induction, custom 4" ram air induction kit, More to come..

My Car
shane3 is offline  
post #8 of 41 (permalink) Old 02-23-04, 05:07 PM
Slurry Boostin
TTNOS8's Avatar
Join Date: May 2003
Location: Lake Entrant, near Bendale
Age: 34
Posts: 1,211
Re: Are you renting or buying?

Bought a cheap little place with a view around 2 1/2 years ago when I was 19 in Lakes Entrance.

The boom had just started yet this place hadn't had the price hike.

Honestly the best move I ever made.

Put the house in my name, repayments are tiny so i pay triple repayments per week and me and my g/f live off her pay.

Paid $51,000. Had it valued 3 months ago after spending around $7,000 on the place, and they said for a quick sale it would go for $180,000+

Advised all my mates to do the same and we are now all laughing :)

All Go, No Show
XE, 351C, Nitrous, 337rwkw
XW GS, Silver Fox, 302W
VS 215i Senator *For Sale*
TTNOS8 is offline  
post #9 of 41 (permalink) Old 02-23-04, 08:39 PM
E Series Chick Supremo
Mother Nature's Avatar
Join Date: Sep 2001
Location: MBFNW
Age: 50
Posts: 2,072
Re: Are you renting or buying?

I'm renting ..................

It heartening to see all you youngins getting into property now ....... wish I had when I was younger


94 ED XR8 Sprint

Check out the OzECruisers Inc. website HERE

FF Lynch Mob BITCH
O.F.R #65
Mother Nature is offline  
post #10 of 41 (permalink) Old 02-23-04, 11:17 PM
Registered User
Join Date: Sep 2001
Location: Perth
Posts: 1,386
Re: Are you renting or buying?

Me and my brother just bought a house towards the end of last year. After renting for a good 10 months before buying, it feels so good to know that the money is actually going towards OUR mortgage, rather than somebody else's!!!

The only thing is we wish we got in earlier, cause it seems like the property values are now settling down.

It's definately the right move but...

EL driver...
Futura97 is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > The Pub

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome