Ya Flamin’ Galah!!!

Hickinbottom’s Aussie Ramblings

Cars and Houses

Posted by captainbeaky on March 5, 2008

n867580483_2446433_28.jpgOk, work has been good and enjoyable. Weather has been hot and lovely. Done!

The Motorshow yesterday was really good. Nowhere near as huge as the one that I used to go to at the NEC but pretty decent non-the-less. Lots of old antique cars from 100 years ago to modern day stuff, and of course the main hall with all the current/future range of cars. Cars of note (and you can see them on Facebook/webspace) include the Fiat 500 (which I had to forcibly remove Becca from!), the Lexus that reverse parks itself, the Hyundai concept coupe, Mitsubishi Lancer Ralliart, the Mazda MX-5 (but only cos it hopefully, going to be my new car) and my favourite car there, the Maserati Gran Turismo. It had that thing that thats pretty rare in car design, a sense of raw power coupled with elegance and sophistication. No footballer Ferrari nonsense, all brash and cock-like. If only money werent an object, it would be mine! I think Becca is now 100% convinced that the Fiat 500 is for her, and to be honest, it was a great little car. Surprisingly roomy inside and the interior is a lovely place to be. I had a nice time sitting in the Mazda MX-5 and pressing buttons and stuff. Plenty of headroom, and leg room which were the 2 things I was concious about but it really isnt an issue. Overall, it was a great evening, and we topped it all with gourmet fish and chips back in St Kilda. Yum!

Today, we made an appointment to speak to a mortgage advisor at the local estate agents just to run some ideas past him, get a feel for how things lie right now, and to find out about the mortgage application process. The short story on all 3 fronts is that the market on the whole IS slowing down, but the inner suburbs, like St Kilda are much less effected than rural sites. However, on my money alone, we cant afford to get a mortgage for any property around here, so we have no choice but to wait until Becca is employed. And as far as the process of application process goes, it all seems pretty straighforward. I  ran our idea of renting for a year past him and he advised agasint it. We would be spending over $25,000 a year on rent, which is effectively dead money, plus we would loose out on the natural increase in house prices which in St Kilda is about 15% per year, so after 1 year of renting we would be nearly $80,000 down, so its time to knock that idea on the head. The one option he mentioned is to try and get a large 1 bedroom place, preferably art deco design, as they retain their value more. Plus he said its pretty easy to pick up a place that has 1 bedroom, and has living space AND a seprate dining area, which could easily be turned into a study/office/games room. This would be ideal for us, as we wouldnt use the potential of a 2nd bedroom, and its really no bother for us to live as we are now, with 1 bedroom. At the end of the day, it comes down to a compromise. We can get a 2 bedroom place in a shit area, or have to live frugally to afford the mortgage payments in St Kilda, OR get a 1 bed place in St Kilda and live comfortably. We both agree that the latter suits our lifestyle much more than the 1st option. A decent 1 bed place is $400k maximum, compared to a decent 2 bed place which goes for $550k upwards, so we’re going to keep our eyes peeled. 

Again, there may not be another post tomorrow as Im going straight from work to have a game of badminton with one of the other new engineers that started the same time as me. Should be good, and am looking forward to getting back into the swing of things. I havent played in over 14 months so Im expecting to be rusty, and very achy!  

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