Over $400,000 seems large to me
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24-08-2015 19:29 #31
24-08-2015 19:30 #32
Sydney is insane. there's just no way we could afford to live there.
24-08-2015 20:23 #33
What do you consider a large mortgage?
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!
24-08-2015 20:35 #34
I would consider $500K to be large
24-08-2015 21:17 #35
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.
24-08-2015 21:25 #36Member
- Join Date
- Dec 2014
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
24-08-2015 21:44 #37
I consider over 700k large.
Our house is 180k.
24-08-2015 22:01 #38Senior Member
- Join Date
- Mar 2015
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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24-08-2015 22:28 #39
24-08-2015 22:35 #40
Anything over 500k for the average income earners
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