I know that 55k in Melbourne would be about survival mode. In Perth that would be struggle street.
The rent from the IP would be cancelled out by the $400 in child care fees with Mum back at work.
Hey, if the bank says you can do it then it's possible. Just remember that as you walk out the bank managers door there'll be a cork from a champagne bottle flying past your ear. Banks love people like these two. Busting their chops to pay the minimum while the bank extracts the maximum.
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