Yay for Fiend. Yay for you. And definitely check out purchasing a property. My time renting when I first moved to Sydney was horrid. Being back in a house I own is much nicer. Stop in sometime, and bring discs. You can marvel at our ludicrous pets.
I fear the Sydney rental market right now, this may also prompt more adult soul searching regarding real estate purchase which unbelievably appears to be an easier undertaking than finding a lease.
In some ways this is true. Copetition for rental properties is extremely fierce, with people in some areas offering six months rent in advance to secure a lease. But buying property right now is cheaper than the recent past, and as long as you have a decent income and factor in possible interest rate rises when deciding how much you want to borrow, it's an option.
Getting a loan in 2009 -could- be a bit harder than 2008, though - the shortage of available money overseas isn't going away in a hurry. Unless Australians start saving a lot more of their money, it's going to be harder to get a loan.
(I find it slightly scary that I understand a lot more of the business section of the newspaper these days.)
I like the business section, but then I've always been more corporation oriented.
I'd be surprised if someone in my position had a difficult time getting a loan, especially since the longer I wait the more likely it is I'm going to get a home loan with another person.
Financial stuff is still kinda new to me. I've had to deal with Sarbanes-Oxley compliance before but in the past my "corporate mind" was focused on OH&S, EEO, harassment policies, mostly HR type stuff. Now the credit crisis in the US has a palpable day-to-day effect on what I do at work - so it's much more immediate.
You personally should have no troble. I think I was drifting into the general situation there. :P
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I'm sorry, I didn't mean to be sitting giggling at your update, but I'm tired and misread this as "goat pants".
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You *know* there's still a part of my brain going "YOU'RE WASTING YOUR LIFE YOU COULD TOTALLY FIT MORE IN WHAT ARE YOU DOING PEOPLE THINK YOU'RE LAZY"
Right?
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In some ways this is true. Copetition for rental properties is extremely fierce, with people in some areas offering six months rent in advance to secure a lease. But buying property right now is cheaper than the recent past, and as long as you have a decent income and factor in possible interest rate rises when deciding how much you want to borrow, it's an option.
Getting a loan in 2009 -could- be a bit harder than 2008, though - the shortage of available money overseas isn't going away in a hurry. Unless Australians start saving a lot more of their money, it's going to be harder to get a loan.
(I find it slightly scary that I understand a lot more of the business section of the newspaper these days.)
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I'd be surprised if someone in my position had a difficult time getting a loan, especially since the longer I wait the more likely it is I'm going to get a home loan with another person.
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You personally should have no troble. I think I was drifting into the general situation there. :P
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