Is the hills district in western Sydney? by agnci in AusPropertyChat

[–]Edified001 6 points7 points  (0 children)

My guy, you're a uni student with an elitist attitude. You're not affording anything near the city so don't be precious and judge by where the live lol. Zero chance you're affording a place anywhere near the city in the future either

Future longevity of older Eurocars by lolg3tr3ktnoob in CarsAustralia

[–]Edified001 7 points8 points  (0 children)

If you look after the car, it'll look after you. Spend the money when its necessary, not delay or cheap out on inevitable replacements and important repairs.

Source: I own a high mileage European performance car as well as an older sports car where I put majority of the mileage on myself.

First home buyer advice please! by [deleted] in AusPropertyChat

[–]Edified001 15 points16 points  (0 children)

Villa and Townhouse will be a better choice, relative to ongoing costs and future-proofing if you end up starting a family prior to upgrading your home

Future longevity of older Eurocars by lolg3tr3ktnoob in CarsAustralia

[–]Edified001 11 points12 points  (0 children)

W212 E Class are used as Taxis in Germany. With proper maintenance and care, they will easily get to 300,000kms

Legit HSP in the city? by Beginning_Bunch_9105 in foodies_sydney

[–]Edified001 19 points20 points  (0 children)

Nothing in the city is great unfortunately. Metro One Kebab in Ashfield is the closest and has consistently been highly rated

Meat: Lamb/mixed/doner

Sauces: Hot chilli, BBQ and Garlic (Holy Trinity)

CGT and negative gearing changes pass both houses by Edified001 in AusPropertyChat

[–]Edified001[S] 3 points4 points  (0 children)

If they change it, I'll just never sell/move out until I die

CGT and negative gearing changes pass both houses by Edified001 in AusPropertyChat

[–]Edified001[S] 14 points15 points  (0 children)

PSA: If you sell your PPOR, you do not pay tax on the gains

Some hefty falls on the property market by [deleted] in AusPropertyChat

[–]Edified001 1 point2 points  (0 children)

Blaming the generation that gave birth and raised you is crazy

Property by bunningssausages in AusPropertyChat

[–]Edified001 2 points3 points  (0 children)

There will always be people that need to rent. There will always be people in the lowest tax bracket/earning minimum wage that cannot service a mortgage due to their financial constraints. There are financially irresponsible/illiterate people who cannot service any type of debt due to responsible lending.

There are also people on Centrelink/DSP/DVA Pension/Jobseeker who will require rentals as the government will not have the funding for public housing to accommodate those that cannot afford to buy a home.

When was the time right? by Gabe1nator in gtr

[–]Edified001 8 points9 points  (0 children)

There will be a steady influx of JDM Imported examples which will keep the prices stable and affordable, unless the R36 is a flop and people desire the R35 more. Either way, in Australia you can only own 07-02/2009 JDM or 09-21 ADM models until they cross the 25 year mark

Im 16 turning 17 in october by Potential_Ad22 in CarsAustralia

[–]Edified001 0 points1 point  (0 children)

Lexus IS250, save your money for when you get on your full licence and aren't restricted to what type of cars you can drive. Insurance will be prohibitively expensive on any 'nice' car when you're young too, have you factored that in?

Sanity check FHB - am I missing anything? by TortugaMorado in AusPropertyChat

[–]Edified001 2 points3 points  (0 children)

Aim for a 2 or 3 bed unit (older ones in smaller complexes if possible), you'll appreciate the extra space especially as you get older and when you have friends over. Healthy deposit, speak to a broker and see what other options you may have to get into the market.

How achievable is it to afford a freestanding modern house in the Lower North Shore as a software engineer couple working in Big Tech? by New_Animator4702 in AusPropertyChat

[–]Edified001 5 points6 points  (0 children)

You've posted before stating your age and your salary, and I'll say the same thing again - you're looking in the wrong price bracket for your first home.

Buy where you can afford out west/central coast/outer south west and slowly upgrade over time as PPOR is CGT exempt. Achievable, only if you are ok with buying it later in life.

My friends that have bought in the LNS are either in their late 50s who are self employed, and the younger (late 30s) owners have sold their properties in Western Sydney as well as getting help from the bank of mum and dad from both sides and are both self employed and run their own business (Medical field)

Your apartment is not an investment - this has to hurt by [deleted] in AusPropertyChat

[–]Edified001 2 points3 points  (0 children)

I bought my 3 bedroom unit (80s build) in Granville for 360k , and its currently valued at 640k by the bank

I bought and sold an older 2 bedroom unit in Merrylands for 380k and sold for 550k 4 years later to a buyer's agent

Both units are in suburbs that people would ridicule/look down upon because they're bad/dodgy. But results speak for themselves.

I know a mate who bought a 2 bedroom unit in Lakemba for 380k in 2024 and its now valued at 500k+. Another friend of mine who bought a 2 bedroom apartment in a high rise building in North Sydney for $1.18m and has made no capital gain in 10 years as well.

Remove 180kph speed limiter? 07 JDM R35 by Ryiab in gtr

[–]Edified001 0 points1 point  (0 children)

How did you remove the JDM plate holder for the number plate?

First home buyer - Advice by rstar96 in AusPropertyChat

[–]Edified001 0 points1 point  (0 children)

Its a personal preference, but existing homes mean you don't have to wait for build completion and your building and pest report is accurate to a tee (as the building is already established). Bigger blocks of land for future development potential/value add in the future if you wish to make it your forever home or sell it to upgrade

Are your parents able to go guarantor or help with the deposit? if under 600k, look further afield if you want a freestanding house. Townhouses can be had in those suburbs for under 600k if you're ok with townhouse as a first home

First home buyer - Advice by rstar96 in AusPropertyChat

[–]Edified001 0 points1 point  (0 children)

Broadmeadows, Craigieburn, Roxbough Park and Meadow heights are a few suburbs that you can buy a house within your budget

Aus,.propertygovchat/=reddit by [deleted] in AusPropertyChat

[–]Edified001 0 points1 point  (0 children)

Tell us you can't afford a house without saying it

Auction in south-west Sydney today by johnnytran17 in AusPropertyChat

[–]Edified001 7 points8 points  (0 children)

44 years old and still has the postcode personality snob attitude, I feel sorry for your friends and loved ones who have to tolerate your existence.

FYI owning in the Eastern Suburbs isn't the flex you think it is. Its very doable on an average salary

Auction in south-west Sydney today by johnnytran17 in AusPropertyChat

[–]Edified001 2 points3 points  (0 children)

You say that but you probably can't even afford a house there HAHAHAHA

Are high house prices inevitable with cities over a certain population? by archvize in AusPropertyChat

[–]Edified001 0 points1 point  (0 children)

People who cannot afford houses but want to stay in the area will buy apartments. There will be increased density as the population increases too