Property Market

[Goldust]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 😂

 

[Demps]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 😂

Whats your interest rate brah

 

[Goldust]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 ?

Whats your interest rate brah

Fixed for 5 years 3.91%
Actually gotta renew next month

 

[Demps]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 ?

Whats your interest rate brah


Fixed for 5 years 3.91%
Actually gotta renew next month

Not bad.
Who'd u get finance with?

Always worth seeing a mortgage broker to see if u can get a better deal brah.

Ive had 3 different lenders in 5 years.
No loyalty with these dogs bra.
Look out for your own back pocket.

 

[Goldust]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 ?

Whats your interest rate brah


Fixed for 5 years 3.91%
Actually gotta renew next month

Not bad.
Who'd u get finance with?

Always worth seeing a mortgage broker to see if u can get a better deal brah.

Ive had 3 different lenders in 5 years.
No loyalty with these dogs bra.
Look out for your own back pocket.

Comm bank
But Newcastle limited at time we’re offering slightly better
I just had all my accounts with the commonwealth bank

I know a dude who changes every year
Some banks give have given him up to 1500 bucks to jump ship

 

[Demps]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 ?

Whats your interest rate brah


Fixed for 5 years 3.91%
Actually gotta renew next month

Not bad.
Who'd u get finance with?

Always worth seeing a mortgage broker to see if u can get a better deal brah.

Ive had 3 different lenders in 5 years.
No loyalty with these dogs bra.
Look out for your own back pocket.


Comm bank
But Newcastle limited at time we’re offering slightly better
I just had all my accounts with the commonwealth bank

I know a dude who changes every year
Some banks give have given him up to 1500 bucks to jump ship

Yeah brah.
My brothers best friend is franchisee of a Aussie home loans.

I started with CBA and they gave me 2k cash
Then went to an online one called Liberty Financial.
Then a while back changed to ANZ who also gave me 2k haha.

Highly recomend brah.
Its free and u might be able to get a better deal eh.

I never restarted the duration either so still chipping away, 20 more years to go!!!

 

[Goldust]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 ?

Whats your interest rate brah


Fixed for 5 years 3.91%
Actually gotta renew next month

Not bad.
Who'd u get finance with?

Always worth seeing a mortgage broker to see if u can get a better deal brah.

Ive had 3 different lenders in 5 years.
No loyalty with these dogs bra.
Look out for your own back pocket.


Comm bank
But Newcastle limited at time we’re offering slightly better
I just had all my accounts with the commonwealth bank

I know a dude who changes every year
Some banks give have given him up to 1500 bucks to jump ship

Yeah brah.
My brothers best friend is franchisee of a Aussie home loans.

I started with CBA and they gave me 2k cash
Then went to an online one called Liberty Financial.
Then a while back changed to ANZ who also gave me 2k haha.

Highly recomend brah.
Its free and u might be able to get a better deal eh.

I never restarted the duration either so still chipping away, 20 more years to go!!!

I heard banks trying to say something like changing constantly ruins your credit rating ? what a load
Banks will do whatever they can to lock you up
But yeah man I need to shop around like you
20 years will fly by

 

[Demps]

I saved up 100k with my wife
Then had to save an extra 25k for stamp duty
A few years later the government waved stamp duty for any first home buyers purchasing a house for under 650k
I was lucky I didn’t live there for a few years and let someone else pay it off
I’m not really old enough to be giving advice to young dudes
But I always say to my apprentice,try and buy a house asap,and live with your parents till you’re 30 ?

Whats your interest rate brah


Fixed for 5 years 3.91%
Actually gotta renew next month

Not bad.
Who'd u get finance with?

Always worth seeing a mortgage broker to see if u can get a better deal brah.

Ive had 3 different lenders in 5 years.
No loyalty with these dogs bra.
Look out for your own back pocket.


Comm bank
But Newcastle limited at time we’re offering slightly better
I just had all my accounts with the commonwealth bank

I know a dude who changes every year
Some banks give have given him up to 1500 bucks to jump ship

Yeah brah.
My brothers best friend is franchisee of a Aussie home loans.

I started with CBA and they gave me 2k cash
Then went to an online one called Liberty Financial.
Then a while back changed to ANZ who also gave me 2k haha.

Highly recomend brah.
Its free and u might be able to get a better deal eh.

I never restarted the duration either so still chipping away, 20 more years to go!!!


I heard banks trying to say something like changing constantly ruins your credit rating ? what a load
Banks will do whatever they can to lock you up
But yeah man I need to shop around like you
20 years will fly by

Brah mortgage broker is a free service to u and can save u some money each month.

All u gotta do is make the appointment.
They do all the hard work and find a good deal for u.

Get onto it.
Better in your pocket than the banks.

 

[tiger05premier]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

 

[Demps]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

Ballin

 

[diedpretty]

I'm a bit of a land baron. Have a hpuse at the beach at Lake Cathie, a house on 5 acres on the lake at lake cathie, a house at trinity beach cairns, a unit in port macquarie and a unit in coffs harbour. Its a pain in the butt managing them and kids keep telling me which one they want when i pop off. Might just sell the lot and move to Spain.

 

[tiger05premier]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

Ballin

??

 

[Demps]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

Ballin

??

https://www.urbandictionary.com/define.php?term=ballin

 

[Cultured_Bogan]

I just refinanced with NAB when I bought my land. Once I sell this house I'll clear all my debt and only have to borrow to fund my construction. NAB gave me a 3.23% variable interest rate and $4K to refinance with them and for initiating an interest only loan on the land. Did more for me in the last six months than St. George did for nearly 20 years.

 

[earl]

My misses doesn’t work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

We (the wife and I) have bought a bunch of shares. If anyone wants to know what to buy you buy the index because it's simple and it works. If you don't trust a random dude on the Internet do your research but Warren Buffet and Jack Bogle will tell you the exact same thing. Anyway this year I've had to pay additional tax due to the increase in income from being paid dividends.

I'm hoping to retire in the next 5 years.

 

[Cultured_Bogan]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

Jesus... Well in mate.

 

[tiger05premier]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

Ballin

??

https://www.urbandictionary.com/define.php?term=ballin

Been driving for 30yrs and only ever owned 3 cars

On my 3rd now

Spend nothing on clothes each year as they come from birthday and Xmas presents

Just spend on lifesyle and investments

 

[Demps]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

Ballin

??

https://www.urbandictionary.com/define.php?term=ballin

Been driving for 30yrs and only ever owned 3 cars

On my 3rd now

Spend nothing on clothes each year as they come from birthday and Xmas presents

Just spend on lifesyle and investments

Inspirational mate.
Well done.

 

[tiger05premier]

My misses doesn’t work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

We (the wife and I) have bought a bunch of shares. If anyone wants to know what to buy you buy the index because it's simple and it works. If you don't trust a random dude on the Internet do your research but Warren Buffet and Jack Bogle will tell you the exact same thing. Anyway this year I've had to pay additional tax due to the increase in income from being paid dividends.

I'm hoping to retire in the next 5 years.

I have shares in about 18 individual companies

Absolutely love the share market and the opportunities the volatility offers

Most dividends should have 30% franking credits attached meaning if you pay 40% tax you should only have to pay an extra 10% to cover your dividends

 

[tiger05premier]

Bought my house in 1998 for 107k

Paid it off in 2008

Knocked it down in 2011

Built a new house on the land which was completed in April 2012

Had offset account set up and enough in it to not pay any interest by 2018

Than put an 8m by 4m in ground pool in and a 9m by 7m triple garage over looking the pool with a pool table table tennis gym basketball hoop bar stereo fridge for parties and family fun

Built the offset account up again to not pay interest anymore but leave loan open so if the market crashes I have money to buy shares

I have been buying shares since 2005

In 2018 my eldest son and I bought a block of land and built 2 new properties which gives us 2 lots depreciation and the properties are positive geared . After tax done for the year we come out with just under $100 per cash each from them which is good

My misses doesn't work so I got a loan in her name for the shares and she gets the dividends throughout the year and a tax return from franking credits of 4.5k a year

Want to one day do heaps of travelling so setting myself up for that

Jesus... Well in mate.

I love the share market

It's my son who got me into property

He wanted to go halves with me to get a start

He had a deposit and I used equity and that got us out of mortgage insurance and the rest we borrowed

My son sends me messages daily on houses that we should look at buying

But you can only buy so much