HI Shahin, 

New house will be purchased in both our names. That's the plan to use the 150k in the new purchase. But just not sure how to get that (well more sure now thanks to the tips here!)

Just to be clear, I don't have the 150k deposit. Only the equity in the apartment – that's all. 

hey there,

great point thanks Jac.

You’re right tho, about the tenants. My current tenants are great and I’m confident I can weed out the baddies, famous last words hehe.

I was looking at laminate – do u know if this would be the same result in noise compared to wooden floorboards??

Cheers

Hello Jac,

I am a very light sleeper myself, and have been living in apartments for the last 3 years.

The guy above us is quite annoying – he is just not considerate. We only hear the occasional thud when he drops his boots on the floor after coming at 5am sat morning which he does every week and sometimes music when he has a party.

I totally understand what you mean and have experienced it myself … (as I said the people above our current place have floorboards) – we had to ask them to stop wearing high heels… again they just didn’t think.

I am putting a rubber acoustic underlay below these floorboards to stop the noise most people would just put in the standard foam underlay, but yes they may hear us drop something, but that is no different to the current situation.

We do not wear shoes in our apartment, so they won’t hear us walking around and we will be putting in nice rugs in the main walkway. And any future tentants we have, our lease will include a clause to ensure heels are not worn and rugs are put down…

I’d be very surprised if we disturbed them with the floorboards. Floorboards will create noise if they are not installed with an underlay and the people living there do not think about what they are doing i.e wear high heels…

We have never had any complaints from the folks below us e in our apartment..

anyway I am after advice on what I can do to get this through.. I am not selfish and am certainly considering the people below. Otherwise I would have just installed it without permission.

Cheers

Hey All thanks for that. I gave it a miss. besides someone offered alot more for teh property than it was worth so good for them!

Thanks both for your comments. Good tips… If i were to move in and out at later date essentially it would be like a year or so to still get CGT benefits… decisions decisions!

Your right tho it is a lifestyle choice!

Thanks

Joel

Hi Richard,

Thanks for your reply.  So I should be able to get the finance finalised prior to auction – depending of course on the final bid?

I will be living in the property for a minimum of 3 years. I will be doing it up and so it should be pretty sweet once im finished hence i'll want to stay there

Im sorry I dont understand what you mean by : "square box of the average lender."

Cheers

Hey again – i have another alternative… to buy with my sister- which i hav ea great relationship with. We could get someting worth 500k between us give or take 20k. . But then i have to divide the profit by half…

what do you think?

hey all,

thanks for your comments above. I guess the reason I'm looking at buying off the plan is because in two years (when the complex is finished) i will be better off financially less in debt and be earning alot more at my work. I guess there is no gaurantee that the price will go up in the apartments… if they go down id die! . So yeh thast the reason id look at off the plan…. gives me time to settle save more, and earn more rather than start paying a mortgage off now (only jsut started at my new job – im off probvation now to).

anyone know the best way to compare prices of the off the plan complexes in the last 5 years to that of what tey are worth now? any help would be grealy greatly apprecaited.

Cheers

Joel

Hi Richard,

Thanks for that.

So its not a bad thing for mwe to ask for them to do gather? The only problem is they will be selling our home (we've had it for over 20 years) as us kids have all grown up and moved out except me. They will be selling it in the next 2 – 3 years. Not sure what would happen with that loan then? Would it have to be payed out? or can they move it onto the next house? i guess it really depends on the loan itself.

thanks

Joel

Hi Simon,

Well for instance if i go to a standard loan calc on the net. and punch in:
Loan Amount: 250K
Int: 7.25%
Length: 25 years
Freq: Monthly
Repayment Type: Interest only

Monthly repayments: $1510.42

and

Loan Amount: 250K
Int: 7.25%
Length: 25 years
Freq: Monthly
Repayment Type: P&I
Monthly repayments: $1807.2

That extra 300 bucks is not a big monthly diff at all really is it? id rather pay that extra and be paying off the debt.

Thanks

Joel