First homeowner Perth property market is healthy and affordable.
10-15 mins from city center 3bed 1 bath homes
$300k, no stamp duty
30k deposit
40k/yr $800 wk income/after tax
270k loan 7%
30yr loan $414wk
25yr loan $440wk
20yr loan $482wk
expences
$1200 rates
$770 water
$1800 power
$500 gas
$3000 petrol
$400 car rego
$7500 food etc
$800 insurance
total
$15970 yr/ $307 week
The Basic truth is it comes down to the standard of living people think or rather expect they deserve and how much they have saved. if you have worked for 10+ years you should of saved 30k - 100k. Forget about your dream house, that comes later when you have earnt it. land is cheap, cost of building is high, buy in the cheapest developed areas for safest return.
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