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    @newgen
    Join Date: 2004
    Post Count: 151
    October 31, 2004 - 2:16 am
    Originally posted by Marc1:

    Newgen,
    I will tell you something tha may shock you, but that perhaps will help you more than a statement of sympathy.

    Interesting theory.. but it doesn’t relate to myself nor the situation I’m in [crying] I always try to see things from different views, i.e. everything’s not always in plain black and white. But in this case it was; I was careless and lost the money. There’s not much else to it :(

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 18, 2004 - 6:24 am

    Great to hear the good news, congratulations [king] [thumbsupanim]

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 18, 2004 - 5:20 am

    How about you re-read your post.. then re-read mine.. then grow up a tad?

    Thank you :)

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 18, 2004 - 2:18 am

    I only just turned 25 in August this year [cap] The world is my oyster! No.. no.. the world is my seafood platter! [king] [medieval]

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 17, 2004 - 12:40 am
    Originally posted by Pelicaninvestments:

    This is more an issue of ethics/morals….

    If you don’t tell they won’t know……

    BUT – Will that sit OK with you ???

    To be frank it sounds like you don’t really need it, if you can afford to buy an IP in NZ….. but…. it’s your call…..

    Cheers

    You may know the cost of everything…. but what about the value ????

    So you’re saying that someone who is well off shouldn’t apply for the FHOG or it would be unethical or immoral of them? Sorry to say this but I totally disagree and think that’s a load of crap. A lot of people didn’t get their money handed to them on a plate.. most people work hard for it. Saying that this grant is just for the ‘people doing it tough… the Aussie Battler’ just annoys me to bits.. I think Aussies are taking this Aussie Battler tag too far. When will people get off their arses and make an effort and stop blaming everyone else but themselves for the position that they are in?[grrr]

    *Takes a deep breath and drinks a glass of water* lol

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    @newgen
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    Post Count: 151
    October 13, 2004 - 4:32 am

    Thank you gentlemen! As usual, a great help[biggrin]

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 13, 2004 - 4:07 am

    I’ll just add that I’m 95% sure that they’ll do the latter.. a little hopeful thinking doesn’t hurt! [blush2]

    I also forgot to ask what the implications would be if I was planning to use a deposit bond for the deposit up until settlement? I’m assuming I’ll have to pay interest on the bond amount up until settlement.. what range would the interest rate be in?

    Cheers

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 13, 2004 - 3:53 am
    Originally posted by alf:

    Hi all

    Great post Monopoly now this is going to hurt but hey what can i say.

    3 boxes of cigars a week=$54 x 52= 2808
    take away 3 times a week=$60 x 52= 3120
    Restaurant once a week =$80 * 52 4160
    carton of beer a week =$35 x 52= 1820
    6 bottles of wine a week=$50 x 52= 2600

    Gee
    No facials or waxes for me

    enjoy
    cheers[cigar]

    . o 0 (tries to picture Alf’s beer gut in his head) [strum] Darn.. I thought I was living it up! lol

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 8, 2004 - 12:56 am

    My ex used to do topless dancing.. it pays pretty well. But she’s not investment minded so just saves up and buys things that she likes (new car, stuff for her RENTAL property). It frustrates me to see how much she makes and how it’s all going to waste.. well in my opinion anyways.

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    @newgen
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    October 8, 2004 - 12:34 am

    Hi Calvin!
    Don’t be silly! You were trying to help [biggrin] Plus with all the conditions and eligibility rules etc it’s pretty confusing. I’m glad you brought it up actually, I think it’s always better to be safe than sorry [medieval]

    Cheers mate [thumbsup2]

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    @newgen
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    October 7, 2004 - 6:49 am

    I’ve read that book John.. the one written by Anita Bell? It’s How to Pay Off Your Mortgage in Five Years from memory. Can’t really say I liked it much. I thought that a lot of the tips/hints were only suitable for a very small perecentage of people.

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    @newgen
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    Post Count: 151
    October 7, 2004 - 5:43 am
    Originally posted by PurpleKiss:

    Hey techna, it depends of the wife/girlfriend etc. If you get a good one, then she’s the one out there organising the IP’s, arranging the finance etc. Too busy to be spending the money elsewhere mate!

    So true!! My girlfriend works in finance so she’s the level headed one that does all the budgeting etc.. I’m the annoying typical male boyfriend that HAS to have his toys.. whether it be new home theatre equipment, a new laptop, a new mobile phone.. a new car….. haha. She puts me in my place.. but she DOES let me buy extravagant items when she sees how happy they’d make me.. SHE’S THE BEST!! [inlove]

    At the moment I’m being pretty good and not buying too many toys and gadgets (it’s probably due to the fact that I’ve got most the things I want already! lol). The only thing I spend money on now on a regular basis is DVDs for my library [happy3]

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    @newgen
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    Post Count: 151
    October 7, 2004 - 5:32 am

    My uncle’s an MGB fanatic.. he buys crappy old MGB’s.. spends a few grand restoring them.. then sells them at a very tidy profit.

    Mine = buy something for $$$.. sell it for $$$ + 10-30%.
    I’m always on the lookout for bargains..
    At the moment I’m also working on two websites (neither of which are up and running yet). They are:

    http://www.diyhome.com.au You guessed it.. a home reno site with a discussion forum similar to this.

    http://www.shopandswap.com.au Free online classifieds..

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    @newgen
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    Post Count: 151
    October 7, 2004 - 5:11 am

    Yayy!!! Lizzy, I’d kiss you but… yeah [blush2]
    I had a conversation with one of my mates about this yesterday. Everyone seems to think that my girlfriend and I are ‘rich’ because we have two properties in our portfolio. What they don’t seem to realise is the fact that the bank owns them not us [specs] When I brought up the topic of the FHOG I was kinda hinted that because I’m ‘well off’ I shouldn’t be trying to get the grant. My argument was that I didn’t get to where I am by slacking off.. or from living off the Government. No siree! My girlfriend and I have worked our arses off to get where we are and we genuinely believe we deserve the grant. We don’t believe that we should be penalised for our ‘good’ control of our finances. (I hope that came out right..). [strum]

    Anyways, the meeting with the St. George rep yesterday went really well! The banker I spoke to was quite knowledgable and showed a genuine interest in our situation.. he even came across ‘excited’ at times when he worked out different/better options for us! haha.

    Basically he couldn’t match the fixed rate we’re on at the moment (6.4% for another 2.5 yrs or so). But could put us on a 6.37% variable rate.. this is what’s holding us back at the moment. We want security and to know what the repayments are going to be.. so the fixed rate is our preference. I also looked at the 5.98% (?) introductory rate fixed for 1 year… if anyone can comment on these packages that’d be great because we’re more confused than a mullet swimming in a bucket. [strum]

    Oh I forgot to mention, we really want to split the loans and make them both IO with the option of paying off the principal at any time without being penalised for it.

    Thanks guys and gals!

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 6, 2004 - 5:09 am

    Strange..
    I did the eligibility test and it gave me this:

    Based on the information you have provided you may not be eligible for the grant because you answered:

    ‘No’ to the question:

    Has each applicant on or after 1 July 2000, either:
    (a) entered into a contract for the purchase of a home in New South Wales;
    OR
    (b) entered into a contract to have a home built in New South Wales;
    OR
    (c) in the case of an owner-builder, commenced construction of a home in New South Wales? (ie. laying of foundations)

    I thought that answering NO to that would make me more eligible?

    Ahh well, if I can’t get the FHOG it does make working out my finances a lot easier. [blush2]

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    @newgen
    Join Date: 2004
    Post Count: 151
    October 6, 2004 - 2:25 am
    Originally posted by calvin@thirty4:

    Newgen,
    regarding the FHOG, if property #2 is 95% in your name you might not be elegible for the FHOG!

    Please include this in your calculations becuase you might end up with a red-faces moment!

    Cheers

    C@34

    Hi there
    Property number 2 is 95% in my name and 5% in my girlfriend’s name and is an investment property. Neither of us have lived in it since it’s purchase in February this year. I was under the impression that I would still be eligible for the grant ?

    Cheers :)

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    @newgen
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    Post Count: 151
    October 5, 2004 - 7:16 am

    My partner and I have both our mortgages through CBA/Colonial.. their service is OK.. nothing to write home about though. We’ve been looking at refinancing and going with St. George because a lot of our friends have their loans with them and I’ve heard many good things about them. I thought I’d test the waters first so I applied for a personal loan (only $10k). Took 20 mins on the phone, went into the bank the next day, signed the loan contract, and the money was in my account :D I tried doing the same with ANZ and NAB but they took AGES! In one case I applied ‘online’ which is meant to ‘streamline’ things.. after 2 weeks there was no progress so I told them where to go. I’ve got an appointment with a St. George loan manager tomorrow, so fingers crossed they can offer me something good :D

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    @newgen
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    Post Count: 151
    September 15, 2004 - 10:54 am

    Thanks everybody :) Good news was I got a decent tax return, bad news is I didn’t get to spend it on what I wanted to :( Things are slowly picking up though, my girlfriend’s happy again and that’s the main thing! [strum] [inlove]

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    @newgen
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    September 2, 2004 - 10:23 pm

    If you live life taking into consideration what the worst case scenario of every situation is you’ll do a lot better :) My girlfriend always says ‘it’s not a question of IF sh*t will happen, it’s a question of WHEN’ [goatee] I’d definitely get insurance.. he can probably claim some of it back anyways.

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    @newgen
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    Post Count: 151
    September 2, 2004 - 10:18 pm

    I’d pay off my credit card, pay off the balance of the mortgage on my ppor then take a holiday with the missus thinking ‘yayyyyy we don’t have to stress about debts anymore’ haha [biggrin]

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