a real example...not a typical example

Here's a couple's real example that I can relate, so to give some reality-check to what could go wrong & the extreme risk involved;-

Adelaide couple, mid 20's, both working (She-Pt-time), 1st child on the way...
Total family after tax Income, (now) 55k
Home...modest,purch 2007 pp 280k...debt 270k

Rental (house,farm land/horse stables)- partial private-use
Purch 2008 pp 595k, debt 615k, incl Sd & costs

Gearing retreives 7,8-10k of tax to top up massive personal contribution pa ( as both not even on 30%Mtr)
Job stability now in question!!!!!!

Now add up the debt...yes, thats right aproaching 900k...

Not only would a 1-2% rate hike smash this eg, just one of a number of events...

This is a real example, it is IN NO WAY a typical example, but I display it so maybe some who post on here that we'v got nothing to worry about !!!! ha Ha ..can here a bit of the real world...

God knows who did the diligence on their ability to repay..
All for the love of Horses!!!!