Finally Bought a House

[AndyH]

$728k AUD (they wanted $760k)

2 streets back from the beach - no ocean views though sadly.

I have not moved in yet so obviously this is all their own stuff. It is going to be a lot emptier when I do :p.

Picture 1 (http://www.hellbored.com/uploader/uploads2/102904471jl1136514035.jpg)

Picture 2 (http://www.hellbored.com/uploader/uploads2/102904471il1136514034.jpg)

Picture 3 (http://www.hellbored.com/uploader/uploads2/102904471hl1136514033.jpg)

Picture 4 (http://www.hellbored.com/uploader/uploads2/102904471gl1136514011.jpg)

Picture 5 (http://www.hellbored.com/uploader/uploads2/102904471fl1136514010.jpg)

Picture 6 (http://www.hellbored.com/uploader/uploads2/102904471el1136514009.jpg)

Picture 7 (http://www.hellbored.com/uploader/uploads2/102904471dl1136514007.jpg)

Picture 8 (http://www.hellbored.com/uploader/uploads2/102904471cl1136514006.jpg)

Picture 9 (http://www.hellbored.com/uploader/uploads2/102904471bl1136514005.jpg)

Picture 10 (http://www.hellbored.com/uploader/uploads2/102904471al1136514004.jpg)

Picture 11 (http://www.hellbored.com/uploader/uploads2/102904471ml1136514003.jpg)

Picture 5 is what will be my office. So now i'm going to be in debt for some years to come.

[agua]

Nice house Andy - looks sweet as :cool:

Did you say you live on the Goldie? I'll be up for a swim then :D

No seriously - congratulations mate

[Blue Cat Buxton]

Very Nice

Dont you mean picture 10 will be your office :)

[Masetek]

Man Im so jealous, this looks like my dream home!!

Congrats.

I think photo 11 looks like a good office!!!

Don't worry about the debt, you'll pay it of in no time :)

[Blue Cat Buxton]

Oh yeah, I meant 11 !

[Chris]

Nice looking place. How many sqft?

[AndyH]

584m2

Pretty small actually. Won't lose money on this place though ... well, its hard to lose money on any house.

[Cutter]

Looks very nice, most homes around here are pretty ugly IMO

[deronsizemore]

NICE! Congratulations. Looks like something you'd see on MTV Cribs. My wife and I are looking for a house, but I don't think we'll ever be able to afford something like that. Good Luck.

[James]

Haha I was wondering how to describe it.

It's very modern and stylish; congrats.

[Sean]

nice pad

[Mike]

That's a great house, hope I can afford something like that in the future!

[Todd W]

Awesome! Congratulations.

So now when I goto AUS I`ll have a place to stay ;) jk

[michael_gersitz]

With 728k... you could buy about 21 houses in my area... lol...

[Chris]

don't forget about the exchange rate Michael.

[Westech]

Very nice! Congratulations! :D

This brings up a very interesting point that I've been wondering about: Were you able to secure a loan based on your online earnings? If so, how hard was it to convince the bank that your earnings would remain stable, and how much documentation did you have to provide?

[AndyH]

Way too easy.

I am getting a $330k loan, all of the banks I talked to would have no problem approving me on my personal wage of $55k/yr. I just need to give the guy my ACN/ABN just to show the business is still running and it will be done, subject to valuation of the house.

[ozgression]

Well, you are loaning less than half the value of the house, so the risk is very low for them.

Worst case scenario (from their point of view) is that you default on the loan and the house goes down in value at the same time. They only need to recover their $330k and you'd get the rest (they must sell the house at market value btw - not just at the amount you owe them).

BTW, awesome house.

[marcel]

Congrats :)

[mini]

Congrats Andy H, What a very nice house :D! I wish I can afford a house like that hehe...How far is it from Sydney CBD? As far as I know, you can't really get $700K house (with a massive pool like yours :) ) but it's so close to the beach :D!

[chromate]

That looks absolutely awesome! Bet you can't wait to move in! Congrats :)

It's seriously impressive getting a house like that considering your age.

[r2d2]

Indeed very impressive - it does look like a great house.

I'm looking at buying later in the year, but I don't think mine will be anything like that :)

[Ben]

Oh how I envy you Andy. I can't believe that the internet can pay for things such as that, absolutely awesome. I love the house