“645k with a 50% LVR”…. Sure your cost seems low because you put down at least $320K. Don’t know of many people that have that much lying around. So it’s basically similar to financing $320K which would put you in that range.
Are you happy ? Mate I am not feeling happy at all. The only reason I bought was because Mrs. wanted a place to call "home" which technically the bank owns for 30 years..
The kicker : the house is a duplex, strata title with another owner and was built in 1977. I could have got almost brand new house if I 'would've ' purchased before covid.
I’m not happy with current prices for sure, has put a real pressure on us.
I am happy about the house. Built 1985. Relocated to an area I have grown to love and gotten away from a poor 1 bedroom place I lived in for 15 years. And a real nice place to raise our daughters.
When I bought it, we said we worked hard to be able to do this, and we’ll keep working hard and one day be on top again.
But then the economy shifted and we’re struggling to keep that optimism.
~1500 for a 2x1 unit purchased in 2015 at a stupid time for nearly 400k when the market was coming way down.
Could have waited a year or two and been able to afford a house with a better deposit.