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  1. #91
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    About 18% for our mortgage. We recently bought a brick 4bedroom 2 bathroom, 2 car garage on an acre about 10mins from town.

    We are loving the space.

  2. #92
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    Quote Originally Posted by Purple Lily View Post
    The rent prices where I am are ridiculous (NT). We are moving to another suburb (nicer one) and our rent will be $1040/fn but the house and garden is smaller! The house we are living in is in one of the worst suburbs and is older. I would love to live in the country

    Eta: When we were searching for houses the parameters I put in were maximum $550. The majority of the places that came up were units and most only 2 bedroom.
    I LOVE Darwin and would move back in a heartbeat, but what you get for your money for housing is just insane.
    When we were defence it was doable but we'd struggle in civvy housing. I dont envy you!

    Sent from my C6603 using The Bub Hub mobile app

  3. #93
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    Quote Originally Posted by #Mama View Post
    Is this based on gross or net income?
    I just used DHs salary as we're trying to live only on it as I'll go on mat leave in July.
    If I do it net it's 43% but if I use his annual salary the target of 30% is $2250 per month and were a bit under that.
    That being said I'm RUBBISH at maths and could be way off. Ha ha!
    The OP referred to your gross income

  4. #94
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    We spend approximately 15% of our gross income on our mortgage

  5. #95
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    MilkingMaid is offline Winner 2009 - Mod Award - most supportive member
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    Mind you I have arranged it that way as I am on a very low fixed mortgage rate at the moment, and want to make the most of it while it lasts.

    If I were paying the minimum, it would be only 23%

    If the $hit hits the fan, I could always re-mortgage, and start paying the minimum.


 

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