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  1. #21
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    Quote Originally Posted by MrsMorrisseyBrisbane View Post
    The mortgage will be 50% of my husbands wage.

    I also earn a very similar wage.

    Overall the mortgage will be 25% (maybe up to 30%) of our overall net income.
    I would definately do it!! Our mortgage is about 45% of our combined income but dh has a new job and that should make it a little easier.

  2. #22
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    Bout 40% of total wage! And yep, teeny tiny 3 bedroom house. But that's paying interest and Extra principle.

  3. #23
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    Do it!!!

    Ours is about 50% of dh income. I am a sahm.

    We are a low income family an survive just fine!!

    We live in a great suburb in an awesome house!! Wouldn't swap it for renting when it would be the same $$.... (but we do pay rates etc which are more than renting but we can also do whatever we want to the house Which we love!)

  4. #24
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    Haven't done these sums for awhile, but a few years ago...

    Monthly Mortgage pymts on 2 houses was three times my salary. My salary was about 20% of the total family income.

    Now that I'm not working.....still two houses (but different ones and therefore more $$$$) we probably pay about 40% of DHs salary.

  5. #25
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    About half my current income, which is less than $500/week total household income. Hopefully things will improve soon. I have a car loan, too.

  6. #26
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    Tinylittletootsies- to answer your question, my mat leave will be my saved leave(maybe 4 months?don't remember fir sure) plus whatever the baby bonus/paid parental leave will cover (8weeks more maybe). And then we will both be full time, but hopefully my work will allow me to do full time hours over 4 days instead of 5.
    We have only had our mortgage 3 yrs and we increased the payments when we fixed most of it ( if the variable had gone higher we wouldn't have been able to make the payments so chose peace of mind over smaller mortgage payments).
    It will get easier as the years pass, but for now it will be tough, especially as we are now going down iui/ivf path. Luckily I do get some overtime ATM so that helps.

  7. #27
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    ours would be approx 60-70% of hubs income.. he lost his job just after we bought - how lovely! but thankfully found work fairly quickly. its just less than he was earning before.
    im a sahm, and recieve a little ftb each fortnight, if we find ourselves really struggling i do have the option to work night fill.. but right now we're going fine

    owning our own home is worth it.

  8. #28
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    Currently renting at 17% of DH's wage.

    Bought a property recently that we will move in to at the end of the year, repayments will be 35% of DH's wage.


 

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