franklowe23 » user profile

Indeed.

Yes I've checked that. I have to say I'm not sure about their numbers (in general that is), I know living in retirement is cheaper than…

I didn't buy a house for 20yrs+ in this country because I think they are way too expensive vs incomes. Of course that decision hasn't…

Indeed it is, which is fine as they are all contingency like things (aka building a tiny savings pool in addition to the "emergency fund"),…

No not at all (absolutely no apology needed!)

No it doesn't include depreciation and one of cars isn't exactly new, well loved (over loved perhaps) could be a more accurate description.…

Yep it is a considerable difference!!!!

Yes this is a good point and perhaps that trumps diversity.

All incomes I provided are net incomes (as I can't spend our gross income; sadly) so perhaps that might be the difference?? It's actually…

I think I've accounted for everything. Our electricity is about $55/fn, but our winter gas bill is huge (not so in summer). Water /…

Ack and thanks. I'm certainly not up for pissing contests and that certainly wasn't the purpose of this post. I also totally agree that…

Thank you. Utilities are expensive. It is based on our current spend for a similar aged, but smaller and possibly better insulated house…

Thought about it lots. We've been renting for over 20 yrs now as I thought housing was expensive (vs incomes) back then and it is even…

Certainly an option, I just don't like the thought of having everything tied up in Australia's housing bubble.

Thanks for your thoughts and I kind of agree with everything you've said and my commonsense brain says you are probably correct. My risk…

Thanks for your thoughts. 1. I certainly don't want to be working into my 60's (20 yrs off), but assuming govt's don't make significant…

Assuming govt's don't make significant changes to the super system (tinkering should be ok) then super should cover it. If they do make…

Thanks for sharing, that is very interesting and worthy of considering. We all live on top of each other now, and hence the drive for more…

Yep a $1.7m loan doesn't buy you anything fancy in inner Canberra!! Car costs of $480/fn covers 2 x cars including: rego, basic servicing,…

Did you have a fully assessed pre-approval? Cause I'm hoping that the fully assessed pre-approval means that this risk is minimal, but I…

Yep good with insurance - assuming the policy is worth the paper it is written on.

Yep. Finer than I really want to too, but this is the Australia we live in, even if I wish it was different.

Depends what salaries do in that scenario. If they don't move then it would be baked-beans on white bread only, if they move in line with…

Yes totally agree, moving costs, buying additional furniture and other additional stuff will easily come to $20k+, but hopefully that will…

Gottya - the increase from renting to mortgage would be a whopping $3375/fn.

Couldn't agree more

The crunched numbers say it is ok, but I'm naturally skeptical of everything I'm told, so don't necessarily believe them. Plus if they are…

Spoken to a broker and they and the bank seem to think it is all fine, but they are in the business of selling mortgages so can't exactly…

Yes that one is in the cross hairs for sure.

Yep that is correct mortgage is going to cost 53% of net income; approximately 35% of gross income. Add to that insurance, rates etc and…