grayzeee

I think the 17.5% was a record high in 1990. average supposed to be 5.1 ish. We'd def lock half the loan in anyway

Having just left Perth, we were tossing up whether to rent or sell our house. There was a time , up until quite recently , where new rentals would come on the market , and there would be hoards turn up and start filling out the applications. In 2014 we started seeing a lot of rentals come up in our suburb (mullaloo) and sit there for months. We decided to sell and in sept we luckily did. The neighbour opposite us had a chat with the agent a few months later and was told not to expect the figures we got as property market had the brakes on. I can see many good points in this article. (particularly for Perth which rode the back of the mining industry to get where it is now)

That one will. The others ... not so much.

I'll answer my own question NAB. And cut out the broker

Having lived in Perth for 7 years, I can confirm it is indeed dull. Hot , windy and dull. It has 2 seasons being hot and mild. It's incredibly isolated , which leaves you with the holiday problem. Get used to Bali as your number 1 cheap hol destination. If you want to spend more , you can stay in WA and drive "down south" to the capes, or waaaaaaaaaaaaaay up North where it's even hotter and there's plenty of nothing. If you happen to love wind sports, it'll be heaven. I lived in Queensland for a while too,(Goldy) but def prefer NSW. Just moved to Melbourne , and there's plenty to do. Plenty of places to go , and it is the most culturally diverse of the city's I've been to. Drive to the snow in winter, short flight to NZ , heaps of places to drive to in any direction. Lovely in summer. Wages for me are lower than other places , but I'll still take that , as it immediately felt like home. It's the best city in Aus IMO (have lived in Sydney which was pretty good) Just remember, you can dress for cool weather , but you can spend days inside with the aircon full blast in some places. Outdoor lifestyle for me.

Def changed since we first bought, when they'd lend us enough to go broke. It's ridiculous though. We are paying 59% of my income to rental costs. I want to borrow enough that the repayments would be 30-35%. Computer says no.

Hi Guys Apologies for not searching posts. We have sold our house in WA and have moved to Vic We have over 50% deposit for new place , but the Missus has just had our 2nd child , and on 1 wage, we just can't borrow what we need. Currently looking at only a 60000 shortfall. Have tried Mortgage choice and the big banks but no luck. Anyone got any info on different lenders that may come to the party?? cheers

Thats exactly what I currently earn on a flat week. Just moved to Melbourne from Perth. Rent in Mornington will be 400 - 450 per week for 3 to 4 bed house , food 200, bills/budgeting take us up to the limit. It's tight and I have a family of 4. I need overtime to be comfortable