Perth versus Sydney

They can but it's dangerous.

I was in just that situation and did the maths. I can assure you that over 500k on a 60-70k wage is cutting it close. 60-70k is like $1000 per week. A loan of that size is about $600 in repayments plus add another 100 a week for rates, repairs and insurance.

So that's 70 percent of your wage right there leaving you with $300 a week to live on, pay for your car, doctors, food etc...

And that's IF rates don't go up.

Honestly as a FHB on that kinda wage you're looking at place round the 400k mark....this is a lot safer.

Hello Perth!!

 

Hey Scott
Currently looking for a PPoR in Perth, please let me know what suburbs I should look at for your third option? Ive only looked 20kms SOR and 10km NOR, havent explored 20kms NOR and what your suggesting sounds appealing to me

 

You wont be buying much in Sydney for $500k.

 

Have a look around Padbury/Craigie/Heathridge area. Very generous pricing however pretty busy market at the moment. A few development sites available with the recent re zoning

Cheers