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Old 20-02-2007, 05:18 PM   #7 (permalink)
BullCreek_Bob
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Join Date: Jan 2007
Location: Bull Creek, WA
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BullCreek_Bob
Quote:
Originally Posted by spock
Thanks both for your help.

We are thinking seriously about living in Point Cook Melbourne, driving a $15k Zafira, buying a house approx $300k - $350k. At the moment we don't eat out, but might start when we move - hopefully about the end of the year.

Cheers,

Spock.
G'day

Working backwards, mortgage payments of $2,450/month, typical costs to run a "typical" house for a family of four are about $1,750/month; a bit of money for extras $500/month so that comes to an after tax income of $4,700/month.

I think a gross income of $65K for one person supplemented with Family Tax Benefit or a second part time job would go close.
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Take care

Bob Johnson
Accredited Mortgage Consultant
Mortgage & Finance Association of Australia
____________________________________
Specialising in helping new migrants
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