I am paying $2100/month for a house that I bought recently for $645k with 50% LVR.

  • YⓄ乙 OP
    link
    fedilink
    English
    arrow-up
    3
    ·
    9 months ago

    Are you happy ? Mate I am not feeling happy at all. The only reason I bought was because Mrs. wanted a place to call “home” which technically the bank owns for 30 years… The kicker : the house is a duplex, strata title with another owner and was built in 1977. I could have got almost brand new house if I 'would’ve ’ purchased before covid.

    • BlueSquid0741@lemmy.sdf.org
      link
      fedilink
      arrow-up
      3
      ·
      9 months ago

      I’m not happy with current prices for sure, has put a real pressure on us.

      I am happy about the house. Built 1985. Relocated to an area I have grown to love and gotten away from a poor 1 bedroom place I lived in for 15 years. And a real nice place to raise our daughters.

      When I bought it, we said we worked hard to be able to do this, and we’ll keep working hard and one day be on top again. But then the economy shifted and we’re struggling to keep that optimism.

      • YⓄ乙 OP
        link
        fedilink
        English
        arrow-up
        2
        ·
        9 months ago

        I am glad atkeast you’ve something to be happy about. Mine is a shitbox of a house but atkeast its only 4km to work so yea there’s that. CBF travelling 1hour+, to and from work for the next 10-15 years lol.

        • BlueSquid0741@lemmy.sdf.org
          link
          fedilink
          arrow-up
          2
          ·
          9 months ago

          Yeah, I’m going 1h 15m each way for work. As soon as we see interest rate cuts I will gladly take the pay cut to work closer to home, but I can’t do that now until repayment gets down under 3000/month at least but I dream of something like 2800…

          Mate, that sucks. For 15 years I lived in a 1 bedroom place I bought in Melbourne. No aircon, and no car, so had some brutal summers to get through. I thought I’d be stuck forever, never thought I’d know anything different.

          I’m surprised we’re not seeing house prices come down. Where I am now in central Victoria, there’s 6 or 7 places around our street on the market for 6 - 9 months or longer. No one wants to budge and sell for cheaper so no one’s buying.