rent - $150 week
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rent - $150 week
Buying. Weekly minimum repayments are about $450. 3 bedroom home in nice outer suburb with 2 living areas and regular sized backyard.
Mortgage - $260 per week.
Renting $360p/wk for a 3 bedroom house in Sydney suburbs.
Good sized yard but old kitchen and bathroom. They could get heaps more for it but we have been here for 4 years and look after it so well. We have never actually had a formal inspection as the owners property manage it but they have seen how we keep the place when they have ben round to fix things.
Both at the moment unfortunately.
We are building so we have an interest only loan on the property we are building and we also pay $410 per week in rent! Our new home will be worth about $800k when we are finished, but our final loan will be just less than half of that. Why are Sydney prices so expensive?
Cant wait to move into my brand new home though, LOL.
We rent. Currently $240 a week but we're about to move and can't find anything decent for under $260 a week. I remember when we first went into the rental market 5.5 years ago the average (low end) rent was $150 and we rented a place for $165 a week. Now 5.5 years later all I've seen for that sort of price is 1 room in a share house!
When I was with XP we paid $320 a week rent for an old 3 bedroom house in an average suburb. Very close to beach though.
Now I rent with a 'friend' and we pay $280 a week for a renovated 3 bedroom flat in possibly the worst suburb in Perth, and is almost in te hills (25 min drive to CBD which is far for Perth).
In 2 weeks I'm moving in with my parents gonna be paying $200 a week but it's going off the 7k I owe my dad so effectively I'll be getting rent food and bills free whilst paying off my loan :)
We currently rent in a sharehouse in yarraville, $150 p/w so nice and cheap, but it IS a sharehouse and not that nice lol :rolleyes: We'll be moving in the coming months, staying in the same area because it's lovely, looking at two bedroom flats or townhouses for $250 p/w.
Renting. $360 p/w. A mortgage would mean I would have to work.. and it's important to us that I stay home with the kidlets :)
Oh man... I remember when DH & I first moved out, we lived in a couple of houses before we found one we loved. We stayed there for 6 years paying $160/pw for a 3brm with ensuite, huge yard, great area, probably 3-400m from the beach. When we moved out we couldn't believe how rental prices had rocketed! and it's gotten worse & worse since :(:
we own two homes - one negatively geared (so the value of income to outlay isn't easy maths) and the other we pay the bank about $1430/mth then all the extras as MD said earlier (would pay about $380/wk to rent similar)
we currently live in a different town for work and thankfully rent is paid here (and thus our other house sits empty) because its $1500/wk - yes that is correct... per week (and it is in reality a nice 4 bed 2 bath - the standard new four bed two bath are about $1100/wk and the 60s/70s weatherboard 3 bed well used houses are about $800/wk) the issue here is high demand
When DD1 was little we rented a house, similar, with a pool & gym, for $175. We thought that was a high price to pay at the time!!!:
I still miss that house. & wish I was only paying that much!!!
we rent $150 a week for a 2 bedroom but we don't actually pay our rent DP works an extra day of the week to cover our rent & electricity :-) but it is pricey we rented in QLD just over 2yrs ago a 3 bedroom for $200 a week and it wasnt a very safe house highset house and it wobbled when u walked up stairs quite scary!!
We have a mortgage paying $560 a week, just out of the suburbs on a bit of a yard and an average size 3 bedroom house. Plus a really good veiw of the mountains ;)
We are just getting pre-approval for a mortgage, so we currently rent...$550 per week for 3br 2bth. Pretty standard for this area (sadly!), but on the bright side a mortgage isn't scary for us considering our rent will increase again soon!
We rent a 4 bedroom, 2 bathroom 3 yr old townhouse for $380. It is actually a free standing house, but because it has 2 smaller villas behind us, and a small, grassed courtyard it is a townhouse.
It is a big home but the bedrooms are rather small for our family. We're looking to move in the coming months and will be paying around $450 a week for something we'd be more comfortable in.
Like Liz, I would have to go back to work in order for us to have a mortgage... so we're quite happy as renters for the time being (unless we win lotto of course!)
:bump:
Recently sold our house in Melbourne so that we could move to the country, own our new house outright and not have a mortgage. After DD I found it incredibly difficult to find challenging, professional part-time work - not having a mortgage gives me the flexibility to choose whether to go back to work at all after DD2 or whether to just wait till the kids are in school.
Buying a bigger house in the suburbs we liked in Melbourne would have meant going back to work at least part-time and possibly full-time - something I didn't want to do.
We 'own' our place and pay the minimum at the moment which is around $380 a week. We were paying $500 a week when we were both working, but are on one income now...
We bought the land about 6/7 years ago before prices went haywire, knew a builder and DH and his Dad did the concrete and rendering, so we are very lucky to have what we do.
Oh how lovely it would be to have no mortgage though :)
We have a mortgage and pay the minimum of $560 per week. We built the house a year ago though so it is a brand new 4 bedroom 2 bathroom home and we didnt finish it cheaply. It has very good resale value with double shower, big alfresco, galley kitchen etc. Mortgage is $350k and we are a 40 min train ride/drive from the city but still in a very large suburb.
We were paying around the same amount last year when the interest rates were lower (so about $100 -$150 per week more than we had too) but now that intertest rates have gone up again we are just paying what we need to.
We are currently renting. 3 BR house, about 30km from the Cbd.
We spend approx. $310 p/w. We plan on buying in the same suburb after we pay off our car debt and have our 1st child :)
we are paying just under $1300 p/fn with principal and interest on a loan that started off at $445k. it's insane. but then rent in the area is also insane. inner melbourne sucks lol.
We pay $350 in rent and we are half way between the Gold Coast and Brisbane. It is a 4 bed 1 bath +ensuite. ok sized yard. I'd love to buy, but MR Negativity reckons we'll never be able to!
We're renting at the moment. $330/week for a 4X2. Hoping to build in the future. We've looked in to it a few months ago. Even looked a few blocks and house plans. Just trying to reduce some of our other debts first.