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.
Loses almost half its gains, page-48
Add TLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.91 | $3.86 | $69.78M | 18.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66211 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 400250 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |