BF and I will now be paying $420 a week from the 19/1/09.
Flatmate will be moving out before then, so we will have maybe a week or two of 'only paying' $390 a week.
To put a cherry on top, they have only offered us a three month lease as well. Which means that on 19/4/09 we will:
a) have to find another place to rent. we will have to sign a 6 month lease, which will put a major kink in our plans to take advantage of the $14k first home buyers grant. rents are still going up so it's likely we will be paying the same, or more, as now.
or
b) come the New Year, start visiting banks and organising pre-approval. start looking at houses to buy and be ready to buy should something good come up. pay the $11 000 mortgage insurance and then claim the $14k first home buyers grant and put that straight onto the loan.
or
c) do exactly the same as option b, but find out exactly which banks allow you to use the FHBG as a deposit and research whether it would be worthwhile doing that.
right now we are both leaning toward b or c.
rent went up $30 a week
December 16th, 2008 at 09:31 pm
December 16th, 2008 at 09:34 pm 1229463245
December 16th, 2008 at 10:13 pm 1229465592
December 17th, 2008 at 12:39 am 1229474377
December 17th, 2008 at 03:46 am 1229485573