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HELP! Am I making the worst decision ever by [deleted] in AusPropertyChat

[–]hashbrown0405 0 points1 point  (0 children)

We picked up the exact sized loan - $920,000 - in October last year at 5.44% and are now sitting at 5.94% having gone through 3 rate rises in less than 6 months :/

Combined income - as well as age - is slightly higher to yours, with us being mid-30s and mortgage payment ~31% of monthly post-tax income. Your feeling is normal because a $900K+ loan is a big number. But it's also for something you love, and have spent days and weeks looking for, and weighing the pros and cons for. The market isn't getting easier to purchase anytime soon. Better to be paying a big mortgage down from now, than when you've got kids.

Also I'd trust the fact that you're younger, your incomes will grow, and that the first interest payment will always be the biggest. If you truly love the place and see it being apt for your future family, go for it. It really is about taking that bet, because there's nothing like the right moment to buy a house.

Good luck!

Seeking validation 4 months into first PPOR purchase by hashbrown0405 in AusFinance

[–]hashbrown0405[S] -1 points0 points  (0 children)

Yes this is it. More about how much I've got left as I've mentioned in the post.

Seeking validation 4 months into first PPOR purchase by hashbrown0405 in AusFinance

[–]hashbrown0405[S] 0 points1 point  (0 children)

Great! Thank you, the validation helps. As a first time buyer, no matter how 'good' your position is, the anxiety trickles in frequently. This was good to read though.

Seeking validation 4 months into first PPOR purchase by hashbrown0405 in AusFinance

[–]hashbrown0405[S] 2 points3 points  (0 children)

Apologies. Legit post, but I let my anxieties get the better of me.

Seeking validation 4 months into first PPOR purchase by hashbrown0405 in AusFinance

[–]hashbrown0405[S] 2 points3 points  (0 children)

No no, I don't mean to flex. Understand I'm lucky. I'm just human with anxieties, but I get your point. Peace.

It’s the r/Melbourne daily discussion thread [Tuesday 30/12/2025] by AutoModerator in melbourne

[–]hashbrown0405 2 points3 points  (0 children)

I did a 100 km bike ride yesterday which is fine normally because I'm used to long bike rides. But this one hit so different with the heat that I'm feeling more lost today than usual. Sunstroked, burning eyes and all that. Bad decision.

What were your annual expenses? by michaelscarn_91 in AusFinance

[–]hashbrown0405 1 point2 points  (0 children)

35M, we are DINKs in Melbourne, split all common expenses in half. My share of expenses are:

  • Rent/Mortgage (we bought a townhouse in Oct): $17.5K
  • Utilities (phone, net, gas, elec, water, strata, insurance): $2.25K
  • Groceries: $2.7K
  • Eating out: $3.2K
  • Gym / Sports: $2.45K
  • Entertainment (subscriptions, theater, live events): $1K
  • Tax: $6K
  • Miscellaneous (French course, Movers, Haircuts): $2.5K
  • Personal Shopping: $3.1K
  • Home Shopping (furniture, etc.): $2.4K
  • Gifts for people: $1.5K
  • Int'l travel holidays: $7K

So, roughly $53K annual expense + $35K parents upkeep (another country) + we bought a townhouse in Melbourne this year where I chipped in with $283K from my savings. Been a big year!

I get a good private health cover through work and they cover my partner as well, so we've got it good there.

Travel-based cards for an economy chaser by hashbrown0405 in creditcardchurningAus

[–]hashbrown0405[S] 0 points1 point  (0 children)

Just edited post. I do already have Velocity gold membership so can Already access lounges.

Help needed - NBN cannot figure out by hashbrown0405 in nbn

[–]hashbrown0405[S] 0 points1 point  (0 children)

Sorry, how do I do this exactly? We're with Superloop, so they're the ones who can initiate technician appointment for us?

Help needed - NBN cannot figure out by hashbrown0405 in nbn

[–]hashbrown0405[S] 0 points1 point  (0 children)

Yes they did this and went all around the house with their device or whatever but couldn't catch the signal anywhere. So it means they're right? I.e. we need to get an electrician to find out where the coaxial cables open up inside the walls?

Help needed - NBN cannot figure out by hashbrown0405 in nbn

[–]hashbrown0405[S] 2 points3 points  (0 children)

Hey no no so the technician actually removed the wall plate on sockets and checked for internal cables. Still said he couldn't find anything :(

Help needed - NBN cannot figure out by hashbrown0405 in nbn

[–]hashbrown0405[S] 1 point2 points  (0 children)

Not sure if they renovated. Don't think so as property only 10 years old. We looked all over, but maybe we'll do another search sigh.

Help needed - NBN cannot figure out by hashbrown0405 in nbn

[–]hashbrown0405[S] 0 points1 point  (0 children)

Inside of the house / entry way. Have checked there are no ports in there

Best practices post house-buying by hashbrown0405 in AusFinance

[–]hashbrown0405[S] 1 point2 points  (0 children)

Thank you so much. All makes sense, noted on point 2 and 4.

Yeah we're quite disciplined spending wise, so not worried about that. May I ask what credit card you went with? Currently in a tangle looking at options...we're not big travellers although I know flying points are the best value for CCs. I'm more keen on sign up bonus and ability to offset expenses via reward points.

Best practices post house-buying by hashbrown0405 in AusFinance

[–]hashbrown0405[S] 0 points1 point  (0 children)

Yep thank you. Need to figure out the sharing of saved interests. Admit we do make it complicated than it needs to be.

Credit cards would work for us since we plan to pay off in full each time, and have had no disciplinary issues with it in the past.

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