We pay $380 per week for a brand new 4x2 house with a good sized yard, we're about 40min on a good run from the city. Our fortnightly net income varies from $1500-$5427 depending on where DFs shift falls in the month but we do get the odd fortnight with no income, I think that happens twice this year.
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11-01-2012 09:08 #41
11-01-2012 09:12 #42Senior Member
- Join Date
- Oct 2008
We pay $550 a week mortgage on a 4 bedroom, 2 bathroom, 2 living area house. Weekly income is around $1300
11-01-2012 09:26 #43
I pay $220/week (own home) for a roomy 3brm house with decent yard. My annual income for 2010/2011 was $22 but right now I live off less than $500/week because I have no cc.
11-01-2012 09:30 #44
Our mortgage is about 280 per week, which is less than 1/3 or our income
Eta: this is for an older style 3 bed 1 bath about 25 kms from the CBD
One handed hubbing on the go
Last edited by inkognito; 11-01-2012 at 09:39.
11-01-2012 09:31 #45Senior Member
- Join Date
- Jun 2007
We pay $570/ week for a 2 bed apartment about 5km (as the crow flies) from the Sydney CBD.
11-01-2012 09:38 #46
Our mortgage is $664 a week and our weekly income is about $1550. We are on one income but this amount includes a small amount we take from a savings fund we built up before I had our DS to make up the difference. Based on our budget, we should still save about $400 a month.
11-01-2012 09:40 #47
Thought i would add for the OP, general rule of thumb is to not pay more than 30-40% of your income towards accommodation.. but then depending how large your income and other expenses are, some people pay about 50% of their income towards accommodation. And of course some people pay bugger all
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11-01-2012 10:29 #48
My mortgage is $460/week, 3 bedroom 1 bathroom house with a small backyard. Income after tax is $1100/week, but increasing soon as I am starting a new job with a nice payrise
11-01-2012 10:39 #49
We pay $500 a week rent for a 5yr old 5x2 house in an awesome position an hour from the city. Love it.
Our income is around $2000 a week give or take.
Last edited by faroutbrusselsprout; 11-01-2012 at 11:54.
11-01-2012 10:40 #50Senior Member
- Join Date
- Apr 2011
Thanks for all the replies. I had heard Australians pay the highest proportion of income on housing compared to other countries and it must be true. I was away for 11 years so the expense surprised me. We are moving this month. Will be paying $340 pw for a 3br duplex. Hubby clears $750. Now I make around $450 casual but after I take maternity leave from August not sure if I will be able to get another job - current one will be a looong commute.
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