$3009 (1250 GBP) average monthly mortgage
#1
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Thread Starter
Joined: Oct 2005
Location: Perth
Posts: 3,453
$3009 (1250 GBP) average monthly mortgage
payment in Perth now.
WOW!!!
Can everybody please respond whether you live in Perth or not and say whether that would be difficult for you?
Thanks
WOW!!!
Can everybody please respond whether you live in Perth or not and say whether that would be difficult for you?
Thanks
#2
Re: $3009 (1250 GBP) average monthly mortgage
Mine's half that (well nearly).
I could pay that much on my OH's wages and I doubt I could earn enough to be able to afford it either.
I think I'd have stuck to renting had I lived over there.
I could pay that much on my OH's wages and I doubt I could earn enough to be able to afford it either.
I think I'd have stuck to renting had I lived over there.
#6
Joined: May 2007
Posts: 5,133
Re: $3009 (1250 GBP) average monthly mortgage
But we don't have other loans or credit cards, I'd imagine those are the people that will get hit first if (when?) the whole resource sector thing crashes.
We are also trying to make extra payments to get the variable-rate bit of the loan down and paying fortnightly.
At this point I'd like to thank my OH for the prudent financial planning bit of our relationship ...
#7
Re: $3009 (1250 GBP) average monthly mortgage
The median house price is approaching $500K so for a first time buyer with little deposit that sounds about right. I have sympathy for youngsters looking to get in the market today. With average incomes at around $60K (say $4K take home per month) you need two incomes to buy an average house. But you could say the same in most of the developed world these days.
#9
Banned
Joined: Jul 2006
Location: here there,fluck knows where?
Posts: 7,444
Re: $3009 (1250 GBP) average monthly mortgage
sprry to go off track a little,but what can you borrow for that kind of payment over 25 years?
thank you
thank you
#11
Banned
Joined: Jul 2006
Location: here there,fluck knows where?
Posts: 7,444
Re: $3009 (1250 GBP) average monthly mortgage
flippin hell,am i right in thinking that,thats borrowing 420k???
#14
Re: $3009 (1250 GBP) average monthly mortgage
Bloody hell - I feel extremely lucky to be paying about a fifth of that
#15
Re: $3009 (1250 GBP) average monthly mortgage
How do first time buyers (ie. ozzy kids) save up enough to get a deposit on something with a mortgage of that size???