franklowe23 » user profile

Hope it goes well for you!

Private health is a considerable amount of the weekly spend these days!!

Thanks for your insights - really appreciate it.

Fair point! Buying is certainly not a decision that stacks up financially vs renting unless there is capital growth (a big if in my mind)…

Food today (fairly typical weekday) : - Breakfast: - Kids: Porridge with milk (all home band) - Adults: Muesli with yogurt (home brand…

If you can make it work it certainly is the way to do it.

Thanks - appreciate your insights. Being a traddie is certainly where it is at these days. No uni debt, great income, amazing tax…

Thanks - it's certainly good to know what I think is possible is actually possible!

I guess it makes little (no) difference if you are holding **all** spare working cash in your offset account.

Love us all the way to their Shiraz pile!

Thanks for your reply - your numbers are again very helpful!

No doubt we are considering an expensive suburb!

That would be a fantastic outcome!!

Thanks for your insights. And aren't houses are super expensive to build in this country! Crazy, given the prices in places like North…

Totally agree.

Thanks for your lived experience - it's good to know that it has worked out for others.

> 7% compounding interest on 1.6mill is a f-load so assume the 2% days are never coming back and all your other living costs will slowly…

Thanks for your insights. Certainly no mcmansion here. Blue chip suburb on reasonable land size, house is dated, but seems structurally…

Thanks. And agree mortgages don't need to paid off if they are working for you financially.

Quite possibly optimistic. Looking back in history though when inflation ran high, and thus interest rate shot up, wages were also running…

Yes correct it is the high school catchment that is the issue - they are locked into the primary school catchment based on our existing…

Yep this is consistent with my medium term view (12-24 mth horizon), rates will go slightly lower. Short term (as in Aug-2024) rates may…

Thanks for your insights - your place sounds a lot like our current rental! The not being a slave to the bank is a good point and one that…

Thanks it does help and the numbers seem broadly similar to how I believe ours will look if we buy.

We will have an emergency buffer of a couple of hundred thousand when we start. Some of that will need to be spend on new appliances,…

Yep it is certainly an option and one we have thought very hard about (and actively pursued for many years).

Thanks for sharing your numbers - it's really good to compare. If we go ahead I have budgeted $5.5k for house repairs - we'll be over in…

Yep bank seems to be using their benchmark figures rather than our own (at least from what I can tell)

Thanks for the tips - especially around debt recycling - we were planning on using it, but I haven't really read into it the depth I'd…

Thanks.