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  1. #31
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    Over $400,000 seems large to me

  2. #32
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    Quote Originally Posted by SAgirl View Post
    Wow! You get SO much more for your money in WA!! That's less than our mortgage and a crap load bigger with a pool!!

    I keep telling DH I want to move out of Sydney
    not all of WA. kalgoorlie is a tiny regional town. blue chip real estate in Perth is still mega bucks. actually a lot of Perth went through a massive property boom thanks to the resources/mining boom. I think now that the mining boom is over, Perth property prices aren't as crazy as before.

    Sydney is insane. there's just no way we could afford to live there.

  3. #33
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    Default What do you consider a large mortgage?

    Quote Originally Posted by SAgirl View Post
    Wow! You get SO much more for your money in WA!! That's less than our mortgage and a crap load bigger with a pool!!

    I keep telling DH I want to move out of Sydney
    Yeah most houses here aren't that pricey,
    We brought ours 9 years ago before the boom and kids, so we are definitely out growing it but with the gold price being low it's not the right time to sell.
    Kalgoorlie isn't too bad size wise, it has everything you need and is growing considerably!

  4. #34
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    I would consider $500K to be large

  5. #35
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    I'd consider anything over about $800K to be a big mortgage... If we bought the house we live in now, our mortgage would be approx $1.3M 😐 We would only look to mortgage $800K before drawing our line.

  6. #36
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    Depends on the area you live in, how much you earn and how much equity you have.
    We're about to have a 1.4mil mortgage, but have that again and then some in equity so whilst it's an intimidating number if the worst happened and we lost our jobs and the market turned we would still have alway with some dollars in our pocket.
    1.4 mil scares the cr ap out of me and it will definitely be a struggle for the first couple of years but I suck at saving so have to have a big mortgage otherwise I just spend all my extra income

  7. #37
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    I consider over 700k large.

    Our house is 180k.

  8. #38
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    Anything over $600,000. The average house price where we live is $400,000-$500,000 for something decent.

    I don't think it comes down to $ figures though, I think it comes down to what you can comfortably afford. Income certainly plays a big factor and what I consider affordable would be very different to someone else.

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  10. #39
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    Quote Originally Posted by yadot View Post
    Wow! Do you live in sydney?? I'm assuming you must have pretty good jobs!

    I was thinking more than one wage to pay off would be large too
    Yup, where else at that price?!
    Jobs are ok, not massively well paid.
    Gotta sell up though so don't think I'll be able to re-buy in Sydney.

  11. #40
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    Anything over 500k for the average income earners


 

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