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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.
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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.