>>> So you would need to have around AU$100 =96 170K as =93first payment=94=
 (I
>>> don't know the english term, in spanish is called =93initial=94) and the
>>> rest through a bank credit, right?
>>>
>>>       =

>> Typical deposit is 10-20% so on a 200K house you would deposit $20k.
>> We got a 220k house and repayments are $700 a fortnight.
>> We were quite lucky, we got the second worst house in the street, its
>> 90% asbestos, the paints peeling off, I've seen walk in wardrobes bigger
>> than our kitchen, but our feeling is after we get the asbestos removed,
>> renovate the inside of the place (who puts carpet in the bathroom!?) and
>> put a small extension on we should sell it for ~$350k or more likely
>> rent it out for around the mortgage payments.
>>     =

>
> As per usual, if you put down a bigger deposit you could lower the
> $1400 monthly payments, right? I don't want to sound stupid but I
> believe that its better to have "too much" information than to
> hesitate later.
>   =

yeah, home ownership is the norm here, i think something like 60-80% of =

the population "owns" their homes (well the banks do ;->)
interest is ~6% at the moment
depending on the term of the loan a first estimate is you pay a bit over =

that rate per year
IE ~7000 a year on a 100k loan

>   =

>   =

>> We are 10-15 minutes walk from a highschool, a primary school and a
>> private high school.
>> I think theres also another 2 schools a bit further away.
>> 20 minute walk to UWS university penrith campus, 10 minute push bike or
>> go to the uni and catch the bus to get to the tafe.
>> Small strip of shops 10 minutes walk up the road but we always wind up
>> driving 5-10 minutes to the major shopping centre in Penrith proper.
>> Trains are 10 minutes walk away, then its an hour to the city. Between
>> 40 and 120 minutes to drive to the city depending on what time of day
>> you want to do it.
>>     =

>
> Is it too necessary to go frequently to the city? Or you could get by
> with minimum travelling there?
>   =

I hardly ever go there (1-3 times a month tops) but its hard in an IT =

role to stay outside there, allot of manufacturing and the like is done =

in western Sydney.
If you can find employment working for a producer of products odds are =

you will be in the "greater west".

>   =

>> There is also a world class robot wars competition running here ;->
>> http://www.robowars.org/forum/
>> which should keep you entertained lol
>>     =

>
> And now you have ruined my day, I will be reading from the site and
> stop working all day long! :)
>   =

I'm Valen on that forum btw, the one with the "flashy" avatar ;->


-- =

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