Who owns their own home? (1 Viewer)

[boris]

Not own in the sense of you have paid it off but paying it off as i dont expect anyone on here to have paid off a mortgage

 

[carwash]

i own humpy because i am aborignal no need to pay

 

[boris]

benefits from the govt

 

[tau281290]

soon ;P

 

[aussie-boy]

is this whether we (as in our family, i.e. parents) own the home we live in?
or us personally (as teenagers/early 20s)

 

[boris]

personally.

 

[Graney]

I did the math.

For $15'000 (or less, potentially even free) you can get land in... all sorts of places.
According to this website: http://www.sheds.com.au/process/views/catalogueItemB.html?itemId=8941&categoryId=1279
You can buy a complete 2 bedroom kit home for $19'450.

You get the $21'000 first home builders grant for this, so the house comes free. It'll cost you X amount to get it kitted out, X being the value of construction, plumbing, electrical, taxes etc... Ofcourse I have mates who are tradies, who should do us a reasonable deal...

Let's suppose you pay $15'000 for a 1/4 acre of land, plus X= $20'000 to get your new home kitted out.

And there you have it. A complete new home, paid for in full, on a years minimum wage salary.

The only downside is you have to live in a shed in the middle of nowhere.

Being a creepy loner, who's completely rejected all traditional notions of success, and finds the idea of wealth, consumption, capitalist 9 to 5 mindset absolutely meaningless, I am seriously considering this scheme. Once I don't have to pay rent, I think I can get my annual expenses down to <$6000, and can pretty much retire.

 

[Scissors]

I did the math.

For $15'000 (or less, potentially even free) you can get land in... all sorts of places.
According to this website: http://www.sheds.com.au/process/views/catalogueItemB.html?itemId=8941&categoryId=1279
You can buy a complete 2 bedroom kit home for $19'450.

You get the $21'000 first home builders grant for this, so the house comes free. It'll cost you X amount to get it kitted out, X being the value of construction, plumbing, electrical, taxes etc...

Let's suppose you pay $15'000 for a 1/4 acre of land, plus X= $20'000 to get your new home kitted out.

And there you have it. A complete new home, paid for in full, on a years minimum wage salary.

The only downside is you have to live in a shed in the middle of nowhere.

Being a creepy loner, who's completely rejected all traditional notions of success, and finds the idea of wealth, consumption, capitalist 9 to 5 mindset absolutely meaningless, I am seriously considering this scheme. Once I don't have to pay rent, I think I can get my annual expenses down to <$6000, and can pretty much retire.

wow. you've thought about this before huh?

 

[Graney]

It's been on my mind recently with the announcement of the raising of the first home buyers grant. I looked up the price of the cheapest kit-home and put 2+2 together.

I think seriously destitute, homeless youth should look into this scheme... get yourself through a year or two of gainfull employment and you can end up with a seriously usefull asset.

 

[Will Shakespear]

I did the math.

For $15'000 (or less, potentially even free) you can get land in... all sorts of places.
According to this website: http://www.sheds.com.au/process/views/catalogueItemB.html?itemId=8941&categoryId=1279
You can buy a complete 2 bedroom kit home for $19'450.

You get the $21'000 first home builders grant for this, so the house comes free. It'll cost you X amount to get it kitted out, X being the value of construction, plumbing, electrical, taxes etc... Ofcourse I have mates who are tradies, who should do us a reasonable deal...

Let's suppose you pay $15'000 for a 1/4 acre of land, plus X= $20'000 to get your new home kitted out.

And there you have it. A complete new home, paid for in full, on a years minimum wage salary.

The only downside is you have to live in a shed in the middle of nowhere.

Being a creepy loner, who's completely rejected all traditional notions of success, and finds the idea of wealth, consumption, capitalist 9 to 5 mindset absolutely meaningless, I am seriously considering this scheme. Once I don't have to pay rent, I think I can get my annual expenses down to <$6000, and can pretty much retire.

where are some of these "all sorts of places"?

and the downside thing made me srsly lol

 

[blue_chameleon]

Bahahahahahahahahaha.

Live in a shed.

Lol.

EDIT: Actually no, one of our clients lives in a studio/ 2 car shed on a 1 acre block at Clarencetown. Most down to earth guy ever.

 

[katie tully]

um yeah those sheds now r pretty sweet though

like the barn style ones with a mezzanine level, they can get kitted out pretty sweet
air con and heating and you're set

nfi where you're getting land at 15k from

 

[Crestwood's_G]

im getting 40 acres and a mule because of slavery

 

[sirfeathers]

people actually do this. i was driving through wellington with my aunt a few years ago and she pointed out all these cargo crates stacked on a hill. apparently some guy lived there. he'd really made it liveable too, had cut windows into the side and light and everything!

 

[chicky_pie]

For under $100,000 you can build your dream mansion in Asia

 

[lala2]

The newly registered pharmacist at my work has gotten a mortgage on a unit with good views in Wollstonecraft. She's only one year out of uni. How did she manage this? She had a uni scholarship so that's minimum $5k/year (and I think she's the UAI of 99.95 one but I didn't dare ask further, which would make it $10k/yr) for 4 years = min $20k at the end. She invested it all in the stockmarket and sold all her shares just before the current economic crisis, so she got a very good return. She lived at home during uni, and during her mortgage application, so the only expenses she had was her phone and shopping/personal expenses. As a prereg, her annual income is about $38k pre-tax. So, it was only a matter of ticking all the boxes before getting the mortgage. Plus, she saved $60k on the unit due to falling property prices. Now that's how you get a place of your own first year out of uni.

 

[blue_chameleon]

The newly registered pharmacist at my work has gotten a mortgage on a unit with good views in Wollstonecraft. She's only one year out of uni. How did she manage this? She had a uni scholarship so that's minimum $5k/year (and I think she's the UAI of 99.95 one but I didn't dare ask further, which would make it $10k/yr) for 4 years = min $20k at the end. She invested it all in the stockmarket and sold all her shares just before the current economic crisis, so she got a very good return. She lived at home during uni, and during her mortgage application, so the only expenses she had was her phone and shopping/personal expenses. As a prereg, her annual income is about $38k pre-tax. So, it was only a matter of ticking all the boxes before getting the mortgage. Plus, she saved $60k on the unit due to falling property prices. Now that's how you get a place of your own first year out of uni.

Not having the worries of paying for rent and associated expenses would easily knock $10,000 off her living expenses.

Taking into account FHOG, looks like she's made quite a good start.