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Experience in Buying a House

LittleBoyBlueLittleBoyBlue North RydePosts: 334Member
edited August 2014 in Other Info Bout OZ
Share nyo naman experience nyo sa pagbili ng bahay, magkano ba talaga dapat namin ipunin, ano mga hidden cost, ano ba magandang new developing area para ma-take advantage namin first home owner grant na worth $15K. Salamat!

ICT Business Analyst - Visa 189 Granted Oct 2012

«1345

Comments

  • JCsantosJCsantos SydneyPosts: 1,416Member, Moderator
    Research your preferred suburb .. I mean location wise .. kasi kami gusto namin malapit sa train station para madaling commute ... at kung meron bang malapit na school? ... kasi kami chinecheck namin yung review sa school ....

    ito muna marami e iisipin ko pa

    Google for Everything !!!

  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    about sa question mo sa kung saan lugar bibili ng bahay, medyo mahirap magsuggest dito kasi relative ang mga opinions natin sa kung ano ang "ok". iba iba tayo ng criteria sa kung ano ang gusto natin. malapit ba sa public transport? malapit ba sa city? malapit ba sa workplace? malapit ba sa amenities, schools, groceries, mall? gusto mo ba ng affordable na bahay at willing ka na malayo sa cbd / public transpo? marami talaga ang pwede iconsider
    This is fair enough...

    Pero if I am to ask, would there be any good website that you would know wherein they would give a nice overview of any particular suburbs? :)

    This will be a good start perhaps! :)

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • nfrondanfronda PerthPosts: 816Member
    Hi @LittleBoyBlue
    igeneralize ko na ung mga pointers na mabibigay ko for new and established para mas open ang topic.

    1) At least 5% deposit (may not always be the case).
    - kung gusto maavoid ang Lenders Mortgage Insurance (LMI), prepare at least 20% deposit.
    - kung gagamitin for deposit ang First Home Owners Grant - for new properties lang ito
    2) Stamp Duty - may or may not be payable depending on the property price at kung new or established
    http://stampduty.calculatorsaustralia.com.au/stamp-duty-nsw#.Ubkfffk3DL8
    3) Conveyancing Fees
    4) Building and Pest Reports - optional. kung new di na siguro kailngan nito
    5) Strata Report (unit) - optional
    6) Bank Loan Application Fees
    7) Monthly Fees - waived for some loan accounts. basahin ang fine print
    dito papasok ang offset accounts, redraw facilities, repayment options etc
    8) Credit Protection Insurance - optional
    9) singit ko na ung post expenses pagkabili bahay
    - monthly mortgage
    - council fees
    - strata fees (unit)
    - moving fees, appliances, electrical and plumbing works
    - at maraming pang iba :D

    total amount na kailngan ipunin ay naka depende sa total amount ng bahay plus mga fees involve on settlement kaya mahirap magbigay ng fixed or estimated figure ng kailngan ipunin. siguro safe bet is on top of the deposit amount kailngan pa ng at least 5 - 10% for the settlement, govt and bank fees pero di to sure case to case basis pa din talaga..

    normally required (may not always be the case) na around 6 - 9 months employed sa current company mo as a permanent employee bago ka payagan magapply ng loan. make sure maganda ang credit rating history mo kung may credit card ka or recurring bills / other loans para siguradong maapprove ang loan
    Thanks for this info sir.. Very helpful as we also planning to buy a house next year, hopefully.. [-O< .. I print this and put in my diary.. :)

    06-01-11: Arrived Australia (457 visa dependent on my dad)
    28-05-12: Lodged RSMS 857 visa (seperate from my dad already)
    28-06-12: Done Medical check
    30-10-12: Submit AFP check
    07-11-12: Went home on a bridging visa B for holiday and wedding..:)
    12-01-13: CO allocated and nomination approved
    18-01-13: CO asked documents of my husband to be included on my application as migrating dependent..Thank u LORD!
    15-02-13: Husband completed all requirements (police check, medical, english requirements and joint statement)
    15-02-13: CO issued pre-grant letter instructing hubby to apply tourist visa to enter Australia in order our 857 visa to be granted.
    27-02-13: Hubby applied Subclass 676 tourist visa.
    06-03-13: Hubby's tourist visa approved.
    16-03-13: Hubby arrived Australia.
    18-03-13: Our RSMS 857 visa granted.. (nothing to ask more)

  • amcasperforuamcasperforu Rio de JaneiroPosts: 722Member
    @nfronda and @littleboyblue ilang taon na oo kayo sa AU? I was wondering how at an average can someone own a house... thanks

    Systems Administrator (ANZSCO: 262113)
    October 12, 2012: IELTS Speaking (BC)
    October 13, 2012: IETLS L/R/W
    October 26, 2012: IELTS Results L/R: 7.0 S/W: 6.5 OB: 7.0
    October 27, 2012: Lodged ACS
    October 30, 2012: Stage 4 ACS
    Novemb 29, 2012: ACS Suitable (Thank you Lord!)
    Novemb 30, 2012: EOI and Submit NSW application via Fedex
    February19, 2013: NSW Ack letter received (Salamat po Lord!)
    April 29, 2013 : NSW SS approval
    April 30, 2013 : Invitation from SkillSelect
    May 03, 2013 : Lodge application including my mom
    May 06, 2013 : Medicals done at St. Lukes
    May 15, 2013 : My med result was uploaded
    May 23, 2013 : NBI clearance uploaded
    May 28, 2013 : Nanay's medical uploaded
    Thank you Lord sa maraming blessings. Kayo na po ang bahala sa next journey namin ni nanay.
    Jun 14, 2013 - Oct 08, 2013: Almost saying Goodbye AU... But keep pushing and believing...
    Oct 09, 3013 : Golden email from CO
    Oct 30, 2013 : VISA GRANT with nanay :)
    In HIS name nothing is impossible! Thank you Lord!

  • nfrondanfronda PerthPosts: 816Member
    @amcasperforu..2 years and half na po..

    06-01-11: Arrived Australia (457 visa dependent on my dad)
    28-05-12: Lodged RSMS 857 visa (seperate from my dad already)
    28-06-12: Done Medical check
    30-10-12: Submit AFP check
    07-11-12: Went home on a bridging visa B for holiday and wedding..:)
    12-01-13: CO allocated and nomination approved
    18-01-13: CO asked documents of my husband to be included on my application as migrating dependent..Thank u LORD!
    15-02-13: Husband completed all requirements (police check, medical, english requirements and joint statement)
    15-02-13: CO issued pre-grant letter instructing hubby to apply tourist visa to enter Australia in order our 857 visa to be granted.
    27-02-13: Hubby applied Subclass 676 tourist visa.
    06-03-13: Hubby's tourist visa approved.
    16-03-13: Hubby arrived Australia.
    18-03-13: Our RSMS 857 visa granted.. (nothing to ask more)

  • icebreaker1928icebreaker1928 SydneyPosts: 1,446Member

    This is fair enough...

    Pero if I am to ask, would there be any good website that you would know wherein they would give a nice overview of any particular suburbs? :)

    This will be a good start perhaps! :)
    Maybe you can try this...

    http://www.streetadvisor.com.au/
  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member

    This is fair enough...

    Pero if I am to ask, would there be any good website that you would know wherein they would give a nice overview of any particular suburbs? :)

    This will be a good start perhaps! :)
    Maybe you can try this...

    http://www.streetadvisor.com.au/
    Looks interesting... :)

    Thanks!!

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    @nfronda and @littleboyblue ilang taon na oo kayo sa AU? I was wondering how at an average can someone own a house... thanks
    it would depend on your priorities. set kayo ng goal para may susundan kayong budget. using this equation income - savings = expenses, maseset nyo ang mga priorities nyo and in no time mabibili nyo ung bahay sa desired timeframe nyo :)

    habang tumatagal pataas nang pataas ang mga presyo ng bahay. pataas din nang pataas ang mga rental prices. unless magkaroon ng economic reasons para mag drop ang mga presyo mas maganda makapagsimula agad kung long term ang plan tumira sa AU. you may be saving enough pero with inflation humihina ang purchasing power natin.. applicable ito kung goal nyo talaga bumili ng property kasi ang iba mas preferred nila mag rent kaysa magbayad ng mortgage
    Agree... With renting kasi, it is all expense eh...

    With mortgage payment, it is a mixture of asset (equity in your house that you are paying for) and expense (the interest portion you are paying the bank)...

    Kahit anong mangyayari naman, if wala ka bahay, chances are magrerent din tayo... So as early as possible, start saving up and aim to get your own house. :)

    Hope to do this within the next 2 yrs or so...

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • nfrondanfronda PerthPosts: 816Member
    agree with u both @psychoboy and @jaero.. I just started a family here in OZ just this year ksi nung march lg dumating c hubby and we are newly wed.. But then, npag isipan na agad namin na mag save at bibili ng bhay by next yr.. Laking amount ksi na pera ang pumupunta sa rent, but kung bibili ka same thing mgbabayad ka din weekly or monthly but in the long run sau na ung bhay m..

    06-01-11: Arrived Australia (457 visa dependent on my dad)
    28-05-12: Lodged RSMS 857 visa (seperate from my dad already)
    28-06-12: Done Medical check
    30-10-12: Submit AFP check
    07-11-12: Went home on a bridging visa B for holiday and wedding..:)
    12-01-13: CO allocated and nomination approved
    18-01-13: CO asked documents of my husband to be included on my application as migrating dependent..Thank u LORD!
    15-02-13: Husband completed all requirements (police check, medical, english requirements and joint statement)
    15-02-13: CO issued pre-grant letter instructing hubby to apply tourist visa to enter Australia in order our 857 visa to be granted.
    27-02-13: Hubby applied Subclass 676 tourist visa.
    06-03-13: Hubby's tourist visa approved.
    16-03-13: Hubby arrived Australia.
    18-03-13: Our RSMS 857 visa granted.. (nothing to ask more)

  • JCsantosJCsantos SydneyPosts: 1,416Member, Moderator
    yup the sooner the better ... gone are the days of entitlement .. baka scrap nila yung FHOG .. kaya kung meron kayong at least 15% or more na pang down i grab nyo na

    Google for Everything !!!

  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    Question guys; if hindi ma-afford ang 20% downpayment; gaano ka laki ang lender mortgage insurance? I know this is relative to the loan amount but how much percentage are we talking about here?

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • JCsantosJCsantos SydneyPosts: 1,416Member, Moderator
  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    http://www.homeloanexperts.com.au/lenders-mortgage-insurance/lmi-premium-rates/

    LMI calculator
    Thank you @JCsantos...

    Hindi pala ganun din kalakihan ang LMI - akala ko aabot sa halaga na equivalent to a brandnew car... :)

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • yhanie_17yhanie_17 MandaluyongPosts: 188Member
    Sana kapag na-approved kami e makabili agad ng bahay out of our CPF money from SG. Medyo malaki-laki din nmn ung makukuha namin since combined kami ng hubby ko.

    ======================================
    Occupation: Computer and Systems Engineer (ANZSCO 263111)
    Main Applicant: Wife
    29 April 2013 - ACS Skills Assessment
    27 July 2013 - Suitablle, AQF Bachelor Degree, 8 yrs experience counted
    29 August 2013 - IELTS Exam Date, IDP Singapore

  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    Sana kapag na-approved kami e makabili agad ng bahay out of our CPF money from SG. Medyo malaki-laki din nmn ung makukuha namin since combined kami ng hubby ko.
    Kayang kaya yan @yhanie_17 - you just have to wait a bit para maging stable kayo... 1 -2 yrs, sure yan! :)

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • yhanie_17yhanie_17 MandaluyongPosts: 188Member
    @psychoboy Thank you. Haayy tagal ng ACS ko. Hindi kami maka-move forward sa aming application. Hehehe.

    ======================================
    Occupation: Computer and Systems Engineer (ANZSCO 263111)
    Main Applicant: Wife
    29 April 2013 - ACS Skills Assessment
    27 July 2013 - Suitablle, AQF Bachelor Degree, 8 yrs experience counted
    29 August 2013 - IELTS Exam Date, IDP Singapore

  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    http://www.homeloanexperts.com.au/lenders-mortgage-insurance/lmi-premium-rates/

    LMI calculator
    Thank you @JCsantos...

    Hindi pala ganun din kalakihan ang LMI - akala ko aabot sa halaga na equivalent to a brandnew car... :)

    lamok man ito sa paningin, pagkagat ng bayaran mararamdaman mo pa rin :p

    Yeah I feel you mate... :)

    No question that pera din ito definitely!

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • LittleBoyBlueLittleBoyBlue North RydePosts: 334Member
    @jaero maraming salamat sa tips mo, mrami rami p iipunin pala haha!

    ICT Business Analyst - Visa 189 Granted Oct 2012

  • LittleBoyBlueLittleBoyBlue North RydePosts: 334Member
    @nfronda and @littleboyblue ilang taon na oo kayo sa AU? I was wondering how at an average can someone own a house... thanks
    2 months, sana within a year mkpasok ng market.

    ICT Business Analyst - Visa 189 Granted Oct 2012

  • NadineNadine BrisbanePosts: 481Member
    edited June 2013
    @nfronda and @littleboyblue ilang taon na oo kayo sa AU? I was wondering how at an average can someone own a house... thanks
    Eto hindi ko personal experience, but that of a close friend. She's on her 3rd, almost 4th year in Au. No kids and alam ko malaki na sweldo (I heard nasa 130-140 na, but I could be wrong). But took her that length of time para kumuha ng unit, not even a house. Syempre I asked kung bakit, and she said malaki daw talaga kasi ang initial na perang kailangan eh.

    Yung couple naman with 2 kids, in school na both, have been here for a decade and both working, just got a house less than 5 years ago.

    Mga Pinoys to. I didn't ask any Aussie coz it's easier for them, they've been here all their lives. But I got this impression it's the downpayment that's the killer.

    21 Dec 2012 - 457 lodged
    7 Jan 2013 - medical finalised
    8 Jan 2013 - visa approved

  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    @nfronda and @littleboyblue ilang taon na oo kayo sa AU? I was wondering how at an average can someone own a house... thanks
    Eto hindi ko personal experience, but that of a close friend. She's on her 3rd, almost 4th year in Au. No kids and alam ko malaki na sweldo (I heard nasa 130-140 na, but I could be wrong). But took her that length of time para kumuha ng unit, not even a house. Syempre I asked kung bakit, and she said malaki daw talaga kasi ang initial na perang kailangan eh.

    Yung couple naman with 2 kids, in school na both, have been here for a decade and both working, just got a house less than 5 years ago.

    Mga Pinoys to. I didn't ask any Aussie coz it's easier for them, they've been here all their lives. But I got this impression it's the downpayment that's the killer.
    400K house @ 20% (DP) + 10% (misc fee for purchase) = easily 120K

    Mabigat nga!! :)

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • spykes78spykes78 North RydePosts: 59Member
    And lucky if you can buy a house for 400k tapos no need to do any renovation
  • JCsantosJCsantos SydneyPosts: 1,416Member, Moderator


    400K house @ 20% (DP) + 10% (misc fee for purchase) = easily 120K

    Mabigat nga!! :)
    if both of you are earning lets say 60K annual ( 120k ) Im sure 2 years time kaya nyo ang downpayment ... for skilled people here Im sure madali sa kanila yan

    Google for Everything !!!

  • li_i_renli_i_ren North RydePosts: 434Member
    http://www.homeloanexperts.com.au/lenders-mortgage-insurance/lmi-premium-rates/

    LMI calculator
    Thank you @JCsantos...

    Hindi pala ganun din kalakihan ang LMI - akala ko aabot sa halaga na equivalent to a brandnew car... :)

    Depende din.. The l.m.i can still amount to a car:) like yung ozzie colleague ko at work.. 5% lng downpayment nila yan sabi nya sa l.m.i nila parang 2nd hand s.u.v na daw sana.
    But mind you, the ozzies rent for long periods of time in nice places even as a family kaya mahirap mag save. May mga kasama ako sa work 2 kids na but renting in bondi..malapit sa beach.. Average rent there us 800-1000 per week kaya. Kahit 2 incomes sila... But on average incomes lang mahirap pa din mag save if ganyan per week.

    @nadine: mas magaling mag ipon ang pinoy kaysa ozzie. Ang mga pinoy will opt to rent longer in affordable units or flat with others but save more para maka ipon ng malaking downpayment.

    Yung bro-in-law ni ate started same salary range mu nadine pero yung rent nya for 5-6 yrs or so very insignificant.. Like flatting rental rate. In 5 yrs. plus increasing salary hanggang nag cap sa 300k annually sya but living like nasa 50k annually lng.. Kuripot eh.


    Almost 50% downpayment sa 700k house... Then he got married and wife also had a job.. House paid off in. 3 years. Debt free in 3 yrs is amazing:)

    Mahirap mag ipon if you are paying rent na malaki din.. Imagine yung rent namin per week is more expensive than my ate's weekly repayment sa mortgage nila but 21% downpayment sila sa 500k house nila..single income sila as of now but 6 yrs worth of savings yun ni hubby as a teacher.

    Pero saying that yung savings naman ni hubby na sulit na din nya..he has travelled extensively while he was single but he did not pay rent in all those years kasi he lived with his parents.

    It depends on lifestyle how good one can save... Kung anu ang priorities. If single, on average income of 65-75K i think it will take 5-6 years to come up with 20% downpayment factor in leisure also. Pero if nasa 100k salary range nadine..i think it can be cut in half to come up with 20% pero dapat din mindful spending.. Like opt for flatting rather than getting a place of your own.

    Rent is killer talaga in au. Grabeh mahal ng rental dito. Kumakain talaga ng huge percentage of the take home pay.
  • li_i_renli_i_ren North RydePosts: 434Member
    @nfronda and @littleboyblue ilang taon na oo kayo sa AU? I was wondering how at an average can someone own a house... thanks
    2 months, sana within a year mkpasok ng market.
    eto ang mabibigay kong options
    1) as soon as you can have 5% to 10% DP plus 5 - 10% extra for misc fees, bili na
    pros - no rent at matatapos na ang paghahabol sa property price hike
    cons - monthly mortgage will be higher and merong LMI. option to lower this is to do extra repayments hanggang maachieve ang mortgage balance na equivalent sa 20% DP. or if you want to pay your mortgage at the shortest possible time, sagarin ang extra repayment pero it would mean mababawasan ang spare cash na pwede ilagay sa ibang bagay like other investments. it will depend on you as i've mentioned about setting priorities and monthly budget.

    2) antayin makaipon ng 20% plus 5 - 10% extra for misc fees
    pros - lower monthly mortgage
    cons - kalaban ang inflation sa option na to. sa oras na makaipon kayo ng 20%, tumaas na din ang presyo ng bahay sa place na tinatarget nyo. also, for you to ensure na magiging on track kayo, it would take a good amount of discipline para hindi magalaw ang inaallot nyo for the deposit

    stressful ang buying process pero once matapos ang settlement i'm sure sobrang masusuklian ang mga efforts na binigay nyo :)





    Very well explained by jaero:)
  • JCsantosJCsantos SydneyPosts: 1,416Member, Moderator
    yup like the old forum says .. rent is dead money ... its actually like you are paying somebody elses mortgage ( i know this because we have a rental unit )

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  • johnandjoshjohnandjosh BrisbanePosts: 107Member
    Makasabat nga...Me and my wife are now building our home here in NW Qld. We are first time home owner kaya na avail namin yung FHOG na $15K. Our deposit was only 5% at tama kayo, we need to pay LMI na di naman ganun kataasan. We've been here in Au for 3 years at ako lang ang in-assess ng bank for our loan dahil my wife has just started working about a year ago. Sabi ng mortgage broker ko, she needs to have at least 2 years work para i-consider yung income nya. Kaya hindi ganun kalaki ang naging borrowing capacity namin. Pero enough naman to buy a house and land package.

    If I were you, I would aim to save at least 5% of the targeted amount ng bahay nyo rather than wait until maka save ng 20%. You'll never know, baka before maipon nyo yung 20% at that time e ang presyo ng mga bahay e sobrang taas na.

    Hopefully, makalipat kami by December of early January. It is not our dreamhouse pero once nakalipat kami dun, we are not renting anymore at yung mortgage na binabayad namin, although medyo mataas ng konti kesa sa rent amount, in the long run, napupunta na sa investment.
  • vhoythoyvhoythoy MelbournePosts: 1,549Member, Moderator
    ^^ kano lahat cash outlay nyo and how many years to pay?

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  • TasBurrfootTasBurrfoot OsakaPosts: 4,336Member
    To all:

    Just to clarify, I take it na ang LMI is one off payment noh? Hindi sya yearly binabayaran?

    Tks! :)

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  • JCsantosJCsantos SydneyPosts: 1,416Member, Moderator
    ^^ kano lahat cash outlay nyo and how many years to pay?
    Normal ata dito yung 30 years to pay .... ang kagandahan dito pag meron kang extra money pwede mong ibayad sa loan mo

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