LTD1276 Posted June 22, 2013 Share Posted June 22, 2013 Hi, we have just started the visa process coming over on a 489. We can choose from 3 states so looking for advice on the best states out of the 3 Western, Southern or Victoria. We have to stay in this state for 2 years is it best to rent or buy ? Also which is the best state for engineering jobs ? All advice gratefully received Leigh & Claire :biggrin: Link to comment Share on other sites More sharing options...
wolvesaussie Posted June 22, 2013 Share Posted June 22, 2013 2 years, rent for sure, rent is cheaper than buying in Australia also most people tend to think house prices will stay the same or drop. Link to comment Share on other sites More sharing options...
LTD1276 Posted June 22, 2013 Author Share Posted June 22, 2013 Great thanks for that - any advice on the best state and place for engineering jobs ? Link to comment Share on other sites More sharing options...
Mongrel Posted June 22, 2013 Share Posted June 22, 2013 2 years, rent for sure, rent is cheaper than buying in Australia also most people tend to think house prices will stay the same or drop. Not in Wa mate , if you have a 20 % deposit I reckon they will be the same or buyin less , you just have your rates and **** but rentings a pain esp in Wa rental market which is very tight and the landlords lookin to shove em up soon as they can Link to comment Share on other sites More sharing options...
wolvesaussie Posted June 22, 2013 Share Posted June 22, 2013 I could never afford a 20% deposit, that's like over $100,000. That's more than my Wolverhampton house is worth Link to comment Share on other sites More sharing options...
LTD1276 Posted June 22, 2013 Author Share Posted June 22, 2013 How easy would it be to get a mortgage over there ? We would have just moved and just got a job so not sure how easy it would be What about best area for jobs - engineering ones Link to comment Share on other sites More sharing options...
wolvesaussie Posted June 22, 2013 Share Posted June 22, 2013 I really don't think its worth the hassle of buying for such a short stay.. I haven't got a "home loan" here, so I don't know but I bet you they want to see a few months work history at least so your not going to be buying a house in the first week your here. Factor in it will take a while to find a place you like, win an auction etc.. 6 months would probably have gone by , by the time you move in. Then its only 18months and your going to sell, with all the costs again.... I really cant see how its worth it to buy. Link to comment Share on other sites More sharing options...
LTD1276 Posted June 22, 2013 Author Share Posted June 22, 2013 True - we may not want to move we may like the area we are in hopefully Any advice on the jobs front ? Link to comment Share on other sites More sharing options...
wolvesaussie Posted June 22, 2013 Share Posted June 22, 2013 No sorry, a lot of people on here are all doom and gloom on that front but I got a job pretty quickly and easily from the UK, could have been luck I suppose. I work in IT tho so not your field Link to comment Share on other sites More sharing options...
LTD1276 Posted June 22, 2013 Author Share Posted June 22, 2013 No Im an engineering manager - in the UK they say theirs a skills shortage especially in engineering How long have you been there ? Link to comment Share on other sites More sharing options...
wolvesaussie Posted June 22, 2013 Share Posted June 22, 2013 1 week , but I grew up here then spend 10 years in the midlands UK Link to comment Share on other sites More sharing options...
Mongrel Posted June 22, 2013 Share Posted June 22, 2013 1 week , but I grew up here then spend 10 years in the midlands UK Lmfao 1 week , depends on where they are going WA is slowin , it's pretty cool at the moment I can't say for engineering etc I work in steel The firm who bore out bars for us are an engineering firm and the machining side is quiet FIFO if you can get it might be huge best option , I'm sorry. It lookin to buy houses without a job is a bit daft Link to comment Share on other sites More sharing options...
blossom Posted June 22, 2013 Share Posted June 22, 2013 It isn't always more expensive to rent than buy, but for only two years I wouldn't bother. You would want to rent for at least six months to work out suburbs. Link to comment Share on other sites More sharing options...
LTD1276 Posted June 22, 2013 Author Share Posted June 22, 2013 We fully intend to have a job before we come out - I think we should rent but my partner wants to buy he hates wasting money We want to stay for more than 2 years but we have to stay for 2 years in the same area before we can move on - hope that explains it a bit more Link to comment Share on other sites More sharing options...
Mongrel Posted June 22, 2013 Share Posted June 22, 2013 We fully intend to have a job before we come out - I think we should rent but my partner wants to buy he hates wasting money We want to stay for more than 2 years but we have to stay for 2 years in the same area before we can move on - hope that explains it a bit more Unless you have a wedge to put down you will need 6 months employment history , wasting money ? , codswallop. , if you but the sell in 2 years you're looking at 2 lots if stamp duty , then more on the next buy which would be about 15k for the 3 transactions them estate agent fees. You'll be looking at 20 k for a buy, sell and more that's about a years rent hmm should have gone to brainsavers Link to comment Share on other sites More sharing options...
Wellers and Whitehead Posted June 22, 2013 Share Posted June 22, 2013 I think u will decide what to do when you get here, it depends if you have enough money with you to put down, my friend went to look at getting a mortgage, she was told on a $350k property, she would have to put down $50k, and basically in Sydney you will find very little for that price. I would rent, you might not like the area/ oz etc etc. they did also want her to have worked in the same work place for over a year. Link to comment Share on other sites More sharing options...
LTD1276 Posted June 22, 2013 Author Share Posted June 22, 2013 Thanks for the helpful advice Wellers and Whitehead Link to comment Share on other sites More sharing options...
Eera Posted June 24, 2013 Share Posted June 24, 2013 What sort of engineering do you do? It's getting very tight here right now; locally a project management company has gone belly up, half the enviro engineers have been laid off and there certainly isn't the mad grab that there was 2 years ago. Honestly, move wherever you can get a job, rent for a while and later down the track when the industry picks up look at finding your ideal spot and buying. Link to comment Share on other sites More sharing options...
Guest Ptp113 Posted June 24, 2013 Share Posted June 24, 2013 Rent Link to comment Share on other sites More sharing options...
LTD1276 Posted June 25, 2013 Author Share Posted June 25, 2013 Im an engineering manager in the food industry - I did an electro-mechanical degree so Im able to do both mechanical and electrical and have to on a daily basis Renting it is for sure Link to comment Share on other sites More sharing options...
gpo1971 Posted June 25, 2013 Share Posted June 25, 2013 Wouldn't bother buying, there are high costs buying AND selling a house, and long drawn out processes. Plus, generally, I'd always advise living (& renting) here a year or 2 to decide whether it's a goer. If that's all you're going to be here anyway, don't bother. Lot of cost and risk. Link to comment Share on other sites More sharing options...
LTD1276 Posted June 25, 2013 Author Share Posted June 25, 2013 We have to stay in the same state for 2 years then we can apply for permenant residency so we will hopefully be there for a lot longer if all goes well Have you brought out there ? How long have you been there ? Link to comment Share on other sites More sharing options...
gpo1971 Posted June 25, 2013 Share Posted June 25, 2013 5 years, we rented for the first 2. We have lived in about 4 suburbs, albeit fairly local ones, we live near family so can't live too far away. I would get to know where you are living for a year or two before you sign for a mortgage otherwise it could end up being an expensive mistake. Might not, but it's a risk all the same. We would never have bought the house we are in now when we first moved here, it wouldn't have ticked our boxes then. But thankfully we waited and are now pigs in muck. Link to comment Share on other sites More sharing options...
starlight7 Posted June 25, 2013 Share Posted June 25, 2013 If you think you will stay it might be best to buy. Because of the increasing number of people coming to live here in Victoria the prices of houses are going up in some areas- not so much in the CBD but around the suburbs. I would look at Victoria rather than SA or WA- it is a lot more developed culturally and also I think the 'attitude' is a bit less prehistoric and macho. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.