Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

How much do you pay for your mortgage/rent?

How much do you pay for your mortgage/rent?

Old Jan 22nd 2009, 2:00 pm
  #1  
CDM
BE Enthusiast
Thread Starter
 
CDM's Avatar
 
Joined: Nov 2001
Location: Under the glow of my new visa
Posts: 629
CDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud ofCDM has much to be proud of
Default How much do you pay for your mortgage/rent?

As a percentage of your total net household income, approximately how much goes on monthly mortgage/rent payments? 20%? 30%? 50%?

- CDM
CDM is offline  
Old Jan 22nd 2009, 2:29 pm
  #2  
Aussie Finn Mixture!
 
teza's Avatar
 
Joined: May 2005
Location: Leschenault WA (after few locations around WA and Around Europe!)
Posts: 1,144
teza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond reputeteza has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

Originally Posted by CDM View Post
As a percentage of your total net household income, approximately how much goes on monthly mortgage/rent payments? 20%? 30%? 50%?

- CDM
20%.... rent
teza is offline  
Old Jan 22nd 2009, 6:48 pm
  #3  
BE Enthusiast
 
MartinH's Avatar
 
Joined: Feb 2005
Posts: 532
MartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to beholdMartinH is a splendid one to behold
Default Re: How much do you pay for your mortgage/rent?

Originally Posted by CDM View Post
As a percentage of your total net household income, approximately how much goes on monthly mortgage/rent payments? 20%? 30%? 50%?

- CDM

10%
MartinH is offline  
Old Jan 22nd 2009, 7:35 pm
  #4  
BE Enthusiast
 
Joined: Sep 2008
Location: newbury
Posts: 943
eugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond reputeeugene43 has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

Originally Posted by MartinH View Post
10%
5%
eugene43 is offline  
Old Jan 22nd 2009, 8:00 pm
  #5  
Has left the building
 
Geelong Gent's Avatar
 
Joined: Mar 2007
Posts: 4,079
Geelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

There was an article I saw last night that reported 84% in WA must go now and find it.


http://www.domain.com.au/Public/Arti...in%20Australia

Last edited by Geelong Gent; Jan 22nd 2009 at 8:03 pm.
Geelong Gent is offline  
Old Jan 22nd 2009, 8:25 pm
  #6  
Timelord
 
DrWho's Avatar
 
Joined: May 2006
Location: Lost in space...
Posts: 2,834
DrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond reputeDrWho has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

Originally Posted by Geelong Gent View Post
There was an article I saw last night that reported 84% in WA must go now and find it.


http://www.domain.com.au/Public/Arti...in%20Australia

"It has made the city the fourth-most unaffordable place in Australia to live."

So where's the top three...?
DrWho is offline  
Old Jan 22nd 2009, 10:25 pm
  #7  
Auntie Fa
 
Joined: Nov 2006
Location: Seattle
Posts: 7,344
Kooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond reputeKooky. has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

About 30% - rent.
Kooky. is offline  
Old Jan 23rd 2009, 12:13 am
  #8  
Canuck/Aussie
 
comet555's Avatar
 
Joined: May 2006
Location: BC, Canada
Posts: 4,547
comet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of lightcomet555 is a glorious beacon of light
Default Re: How much do you pay for your mortgage/rent?

Our mortgage is 24% of our income, although we are continuing to overpay it. So technically our payments could be as low as 17% of our income if we wanted.

We were fortunate enough though to be able to pay for half the house outright, which is why our payments are fairly low. If we had a 100% mortgage we would have been paying closer to 35% of our income.

Personally I would never get myself into a mortgage that is more than 30-35% of our take home pay. I just don't like worrying about money. I'd rather live in a less fancy house and have money to do other things, or to pay off the mortgage sooner.
comet555 is offline  
Old Jan 23rd 2009, 12:24 am
  #9  
Demi-God
 
Burbage's Avatar
 
Joined: Oct 2008
Location: Far North Queensland
Posts: 2,812
Burbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond reputeBurbage has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

Originally Posted by comet555 View Post
Our mortgage is 24% of our income, although we are continuing to overpay it. So technically our payments could be as low as 17% of our income if we wanted.

We were fortunate enough though to be able to pay for half the house outright, which is why our payments are fairly low. If we had a 100% mortgage we would have been paying closer to 35% of our income.

Personally I would never get myself into a mortgage that is more than 30-35% of our take home pay. I just don't like worrying about money. I'd rather live in a less fancy house and have money to do other things, or to pay off the mortgage sooner.
Abou 15% at the moment, rrenting. The mortgage will push me towards 25%. But then, only half of that is interest, the rest is an investment.
Burbage is offline  
Old Jan 23rd 2009, 12:33 am
  #10  
Full Throttle
 
stevemich's Avatar
 
Joined: Mar 2005
Location: here
Posts: 1,728
stevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond reputestevemich has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

36% when renting....
If we bought, we would aim for no more than 40% at a push... even that is a scary thought...
Downside is to obtain that, we would need to move from 8km from Sydney city centre, to 40km....
stevemich is offline  
Old Jan 23rd 2009, 12:35 am
  #11  
BE Enthusiast
 
Joined: Mar 2007
Location: Brisbane
Posts: 835
TMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to beholdTMRE is a splendid one to behold
Default Re: How much do you pay for your mortgage/rent?

0%, our UK mortgage has halved thanks to interest rate cuts. Our tenants now pay our UK mortgage and our OZ rent!
TMRE is offline  
Old Jan 23rd 2009, 12:51 am
  #12  
Oiiii.. You slaggg!
 
DunRoaminTheUK's Avatar
 
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
DunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

Originally Posted by CDM View Post
As a percentage of your total net household income, approximately how much goes on monthly mortgage/rent payments? 20%? 30%? 50%?

- CDM
Mortgage - About 37% presently (and falling tee-hee )

My best educated guess is that this figure will continue to fall with what is happening in the world - Then we fix...
DunRoaminTheUK is offline  
Old Jan 23rd 2009, 1:18 am
  #13  
BE Enthusiast
 
Joined: Feb 2006
Location: UK to Sydney Feb 06
Posts: 738
TillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of lightTillyG is a glorious beacon of light
Default Re: How much do you pay for your mortgage/rent?

About 40% - rent
TillyG is offline  
Old Jan 23rd 2009, 1:28 am
  #14  
Bitter and twisted
 
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Grayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond reputeGrayling has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

0%
Grayling is offline  
Old Jan 23rd 2009, 1:31 am
  #15  
Oiiii.. You slaggg!
 
DunRoaminTheUK's Avatar
 
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
DunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond reputeDunRoaminTheUK has a reputation beyond repute
Default Re: How much do you pay for your mortgage/rent?

Originally Posted by Grayling View Post
0%
Are you squatting?
DunRoaminTheUK is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information -

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.