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    Default What percentage of your household income goes towards your mortgage/rent?

    What percentage of your (gross) household income goes towards your mortgage/rent?

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    About 12-13%

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    About 30%. And when I think about that and look at our shoebox sized double bay apartment it makes me very cross!!! Haha!

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    Quote Originally Posted by Rara1982 View Post
    About 30%. And when I think about that and look at our shoebox sized double bay apartment it makes me very cross!!! Haha!
    Yes, I can understand that. I'm thinking of moving into the city, but I'm not sure i can justify a tiny place taking up up to 40% of my single parent income! But it will be so convenient and I can't really do it unless I'm closer to the city!

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    Between 15-20%. That's for the house we live in. We have 2 investment properties and one if them pays for itself and the other we put a few thousand into every 6 months or so, depending on whether we have tenants at the time etc. I haven't included the rental income in our household income, it's too complicated!

    Given we only use up to 20% of our income on mortgage payments I'm now wondering where it all goes - life is expensive!!


 

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