Experience in Buying a House

JCsantos

Sabi ko naman...if kaya naman why not? Imagine cleaner/aid and driver in au may bahay na worth 1 million if they sell it off.. Good location is the key. If uwi sila sa pinas kahit maging 100 plus years old pa sila d nila ma ubos yun! </blockquote>

Hehehe I heard a similar story yup .. they can sell it for a Million spend the half on buying a property in the west and still enjoy the fruits of their labor ... whew iba iba talaga mind set ng tao ... kami we want to pay off our loan on the next 10 years then maybe retire after then

kremitz

@JCsantos both working po ba kayo?how many years na kamo sa oz?

JCsantos

<blockquote rel="kremitz">@JCsantos both working po ba kayo?how many years na kamo sa oz?</blockquote>

Yes ... 6 years na kami dito

kremitz

Oh i see. Baka mas matatagalan kumuha ng house pag isa lang ang working noh?thanks po

kremitz

@jengrata kung isa lang working baka it will take four years para makakuha nghouse or lower dp siguro. Kaya kami siguro paunahn ko si hubby para makapagipon then pag malapit na ied saka nalang kami sunod para less gastos 🙂

kremitz

@johnandjosh around 400k din po ba nabili nyong house? If 450 per week lang di naman sobrang bigat since sayo na yung house 🙂

TasBurrfoot

<blockquote rel="kremitz">@johnandjosh around 400k din po ba nabili nyong house? If 450 per week lang di naman sobrang bigat since sayo na yung house 🙂</blockquote>

Put it this way...

When you rent, that is dead money and it is all expense...

When you pay amortization, that is paying for your house and partly some dead money/expense in the form of bank interest... 🙂

Nadine

Renting is paying somebody else's mortgage.

Yun pa lang depressing na, ma-enganyo ka talaga bumili eh. I tried computing my apartment's mortgage. I reckon nasa $400 to a week for the owner. And since property rental increase regularly, I am paying so much more. So, may sukli pa may-ari !!!

If you can see yourself staying in Au for the next 10 years at least, might as well buy property now or soonest possible. Nahala, makapag-umpisa na ngang mag-ipon ng downpayment.

yhanie_17

Sa mga tga-Singapore na nakakuha ng malaki from CPF, nakabili ba agad kayo ng house after magka-work? I was asking kasi my husband and I are both working in Singapore and plan naming irevoke CPF namin. Medyo malaki makukuha namin since of us are both working and we're thinking of using the money para pang-DP.

Bigfoot

Hi guys, for those who had purchased their own homes (new, off-the-plan), can you suggest a developer. I have met with Central Equity during their road show in Singapore but I would also like to consider other developers within Melbourne area.

Thanks and regards!

meehmooh

If the house cost around 400k... so it means kailangan mo ng around 80k for downpayment at 20k for misc... so at least must prepare 100k... tama ba?

iambratinella

how much is the dp usually when buying a house in AU? 20% ba? thanks!

atchino

For those who are in Australia and planning to build a new home or renovating or just want to look at new ideas about house designs....

bka interested kayo... FREE tickets! May artista pa daw... bka yung artista sa mga house renovation TV show.

http://yzzymae.blogspot.com.au/2014/08/free-ticket-to-grand-designs-live-home.html

rylynn

hello po pag 20% yung downpayment including the 15K FHOG dapat ba wala nang LMI?

What if dalawa yung loan : land + building home? Total ba nito 20% dapat DP mo sa bangko para ma waive yung LMI? Nagpa pre approve kami sa NAB tapos "what if 20% DP" pero noon final computation parang may insurance na dinagdag +179 Monthly..

TasBurrfoot

<blockquote rel="rylynn">hello po pag 20% yung downpayment including the 15K FHOG dapat ba wala nang LMI?

20% DP will have no LMI - what I am not sure is if pwede isama ang FHOG sa computation ng 20% m0...

atchino

Sa tingin ko, dapat kasama yung 15k (new house) in Sydney sa calcualtion ng Deposit.

yun nga ang purpose ng FHOG is to help for the deposit ng new property.

PAra sigurado, itanong mo na rin sa bank kung san ka kumukuha ng loan since sila yung nag chanrge ng LMI at sa kanila napupunta yuhng LMI.

Bka insurance ng property mo yung sinama sa calculation since required ang insurance. Kung ano man manyari sa property at biglang hindi ka makabayad, naka insured at hindi mag kaproblem yung bank.

Pag kaka alam ko LMI is not paid montly. Isang bayaran sya.

Kung monthly yug insurance charges, bka home insurance yan ng property.

Required na insurance yung property.

TTam

@TasBurrfoot sir question po ulit. Sorry ikaw po ang lagi ko tinatanong, tanong ko lang po if how much ang interest rate (i know that it varies depending sa credit rating pero ano po yung average?) May naresearch po ako na 5% daw but not sure about it. And kailangan po ba na 2 years ka na employed? If i-avail yung 5% dp and LMI? Thanks po!!

atchino

<blockquote rel="TTam">@TasBurrfoot sir question po ulit. Sorry ikaw po ang lagi ko tinatanong, tanong ko lang po if how much ang interest rate (i know that it varies depending sa credit rating pero ano po yung average?) May naresearch po ako na 5% daw but not sure about it. And kailangan po ba na 2 years ka na employed? If i-avail yung 5% dp and LMI? Thanks po!!</blockquote>

Interest rate varies depende kung san ka nag loan.

If basesis is this website: http://www.infochoice.com.au/home-loans.aspx

as low as 4.545 interest rate

Bkit kailangan mo ng average? look for the lowest and features of loan that fits your needs/requirements.

Not ncessary na 2 yrs working experience... If you can provide a huge deposit and show a regular monthly savings is enough to convince them that you are capable of paying your mortgage.

Cguro sinasabi na 2 yrs since by 2 yrs dapat medyo stable ka na in australia at alam mo na kung ano expenses mo at magkano kaya mo loan at bayaran. Kung one year kasi syempre hindi mo pa ma picture ano ang pwede mong maging expenses mo in a year at kung ano ang actual savings mo. Dyan yung time na iisipin mo pa na bumili ng kotse at ng mga gamit ng bahay or kung gano ka kadalas ma holiday.

If your downpayment is 5%... you are subject for LMI

Sample LMI calculator: http://www.yourinvestmentpropertymag.com.au/calculators/mortgage-insurance/

vhoythoy

^^ kano lahat cash outlay nyo and how many years to p<blockquote rel="TasBurrfoot"><blockquote rel="rylynn">hello po pag 20% yung downpayment including the 15K FHOG dapat ba wala nang LMI?

20% DP will have no LMI - what I am not sure is if pwede isama ang FHOG sa computation ng 20% m0...</blockquote>

May FHOG ba na binibigay sa Victoria for new immigrants and how much?

TasBurrfoot

<blockquote rel="vhoythoy">^^ kano lahat cash outlay nyo and how many years to p<blockquote rel="TasBurrfoot"><blockquote rel="rylynn">hello po pag 20% yung downpayment including the 15K FHOG dapat ba wala nang LMI?

20% DP will have no LMI - what I am not sure is if pwede isama ang FHOG sa computation ng 20% m0...</blockquote>

May FHOG ba na binibigay sa Victoria for new immigrants and how much?</blockquote>

10K ata but this is only available for new homes... We didn't avail of this kasi 8 yr old house ang kinuha namin.

May rebate though for the stamp duties; 50% if first home.

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