And this is why I can never see us owning a home. We simply can not afford more than $300 per week. How anyone can afford $600 a week on one wage is beyond me
***Sent from my phone***
+ Reply to Thread
Results 11 to 20 of 43
12-07-2012 11:34 #11
12-07-2012 11:38 #12
We have looked at the calculators!!
We live in Perth and the housing prices are getting crazy!!
We just want a biggish block with a neat 4 beds.. To get it in our price we need to move a hour away from work.
Going on the calculator to borrow $390000 we have $60000 deposit we are having to repay $589 per week. Very scary if the interest goes up. Not sure if we should keep renting.
12-07-2012 11:57 #13Senior Member
- Join Date
- Jan 2009
The other thing is that you should allow another, say, $5k per year for rates, water, home insurance and repairs and maintenance (all expenses that you don't have to pay as a renter).
We have a $300k loan, and the repayments are currently between $1600 - $1700 per month, interest only right now. But the house is worth more. Thankfully we made some money from selling our previous property, as we would struggle to buy an average house on our current income.
12-07-2012 12:01 #14
2900 per month
12-07-2012 12:02 #15
The Following User Says Thank You to Janesmum123 For This Useful Post:
12-07-2012 12:50 #16Senior Member
- Join Date
- Apr 2012
Our repayment is $900 per fortnight (we pay more than that though so we pay our house off quicker).
Its for a 3 bed, 2 bath, second living/rumpus area and average block in a nice area.
As other posters have mentioned there are so many variables though so comparing to others probably wont help.
I agree that you should always budget for the rates, water,insurance, repair/upkeep bills on top of the mortgage to make sure you can afford the house you want.
Good luck searching!
12-07-2012 13:00 #17
$1949 per month
12-07-2012 13:01 #18
$1197 per month
12-07-2012 13:12 #19
$2200 per month
12-07-2012 13:15 #20
By CleverClogs in forum Family FinancesReplies: 13Last Post: 04-08-2012, 23:05
By 2BlueBirds in forum General ChatReplies: 12Last Post: 12-06-2012, 08:58
By mystical mumma in forum General ChatReplies: 0Last Post: 18-12-2011, 09:59
The MAMA CentrePregnancy, birth & beyond care with your very own midwife. Home & hospital birth support, VBACs, antenatal & postnatal ...
LATESTSurrogacy and why many parents break the lawHow to get your kids to bring home empty lunch boxesIs the secret to saving for your child’s education in your home loan?
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
Egg Donation in South Africa #14Egg Donation
Asking for a friend - names ending in 'ee'Choosing Baby Names
Help with 7 week scan interpretationFirst Trimester Chat
I am... #20General Chat
Early risers .... 7 and 5 yearsGeneral Parenting Tips, Advice & Chat
CD8, Who's also at the start of their cycle and TTC?Conception & Fertility General Chat
The Word Association Game #24Games & fun stuff
Has anyone had success on First or Second Cycle of Donor IUI?Non-IVF fertility assistance