Good luck trying to find a half decent 2/3 bed house with land for $800K and only 15km from CBD.
And even if they can and they have saved $50K towards it what about in 3 years time when they want to start a family and they go back to a single income of $60K or Net approx $48K. Interest rates will likely be at least 5% by then meaning the Interest repayment alone amounts to $39K.
This also doesn't allow them to repay any of the loan and leaves them $9K a year for Insurances, Council rates, Water rates, Home expenses, Car expenses, child expenses and general living costs.
Its not possible.........which is why house prices can no longer keep going up.
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Last
$3.97 |
Change
0.005(0.13%) |
Mkt cap ! $45.81B |
Open | High | Low | Value | Volume |
$3.95 | $3.98 | $3.94 | $23.00M | 5.805M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 123405 | $3.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.97 | 423102 | 85 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
125 | 419544 | 3.960 |
41 | 627261 | 3.950 |
31 | 444279 | 3.940 |
25 | 337287 | 3.930 |
30 | 376794 | 3.920 |
Price($) | Vol. | No. |
---|---|---|
3.970 | 371248 | 71 |
3.980 | 901248 | 61 |
3.990 | 974392 | 91 |
4.000 | 1852251 | 310 |
4.010 | 366771 | 41 |
Last trade - 13.57pm 19/08/2024 (20 minute delay) ? |
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