Can I REALLY Buy a House on a $70k Salary in Australia?

Рет қаралды 9,507

Mortgage Broker Australia - Hunter Galloway

Күн бұрын

Пікірлер: 31

@MortgageBrokerAustralia 6 ай бұрын

📚 My Free Resource Hub & Education Community 👉 go.huntergalloway.com.au/hub

@lachielil456 4 ай бұрын

I believe you failed to mention why Woodbridge and Logan Central are so affordable. What's the point of buying a home if it's only going to be vandalised and broken into. Those suburbs are so cheap because they are plagued with crime.

@TheSPazCORE 4 ай бұрын

That's true. I wouldn't live there, even if it was free.

@sgcl2276 7 күн бұрын

It's getting gentrified, I have a great job although still cannot afford in Logan. You need to be on $40 to $50 per hour just to live there on one wage.

@tokyoknight6676 6 ай бұрын

If you live in Sydney definitely not. My wife and I are on double that each and barely made it after saving all my wage for 5 years.

@MortgageBrokerAustralia 5 ай бұрын

Thanks for sharing your experience. The cost of living can be brutal, especially in Sydney with house prices where they are.

@jasonhart8580 4 ай бұрын

Me and my wife combined income approximately 200k, finally just purchased a hold house in western sydney recently for 1.1m

@Zootlordofchaos 3 ай бұрын

@@jasonhart8580 how long did it take you to save for down payment and how much.

@DarrenReidAu 3 ай бұрын

Just incase others are used to counting their wage as before tax, that’s more like $92k if you are taking home 5833 a month. Otherwise, good info about some of the additional costs.

@joshuakelley9403 5 ай бұрын

So if, you have a 70k salary in brisbane, and then you move to chinchilla...that 70k salary becomes a lot less im gonna guess. Sure seems like some major miss management on a macro level that have brought us to this point.

@yoonsiklee6151 27 күн бұрын

Well, I can't even dream about house as i live in Sydney. house here is really something very expensive. you need to be either specialist, doctor, business owner, or engineer. i got a unit. well at least i secured my own place to chillax without concerning of being kicked out by landlord.

@MortgageBrokerAustralia 18 күн бұрын

It’s definitely tough in Sydney with the housing prices being so high. But owning your own unit is still a great achievement! Having your own place to relax and not worry about rent or landlords is a big step towards security and peace of mind!

@xyzxyz4575 Ай бұрын

if house price to income ratio greater than 7 or 8 dont even think about it, for instance, house $600k and your income is $70k a year.

@Hoollyxbrown 28 күн бұрын

Well my recommendation is to buy a cheap, shitty house then do renovations. I did this and i live in a really nice house by the beach. I mean it’s the gold coast so it’s more affordable then sydney, but it’s still really expensive there. I earn about 80k annually, i work 2 jobs, at woolies and i dog sit in my spare time. I spend about 3/4 of my pay on bills, food, clothes etc, and the rest on renovations, or cheap decorations from kmart and stuff

@MortgageBrokerAustralia 25 күн бұрын

That’s such a great strategy! Buying a fixer-upper and doing renovations is a smart way to build value in a property, especially in a pricey area like the Gold Coast. It’s inspiring how you’re managing everything-working two jobs, budgeting, and still finding ways to make your home beautiful with creative solutions like Kmart finds. It really shows that with a bit of hard work and a clear plan, it’s possible to turn a property into something amazing without breaking the bank. Well done!

@Hoollyxbrown 25 күн бұрын

@@MortgageBrokerAustralia thank you so much! I mean i was struggling a lot before i built my house so i started thinking! But you’re so sweet!

@claytonives-og6kv 14 күн бұрын

Over 100k a year eg Sydney to live comfortable

@kawthooleidevelopers 2 ай бұрын

I have bought one but of course in a certain area.

@MortgageBrokerAustralia 2 ай бұрын

Yeah exactly!

@gothops2632 5 ай бұрын

Hey mate, what's your ethnic background, if you don't mind me asking?

@MortgageBrokerAustralia 5 ай бұрын

Of course, our parents are Italian background! Our last name is Vecchio - means old in Italian :-)

@markyburgs 4 ай бұрын

there are..... but they are either in undesirable areas or in the absolute sticks....

@cathiematthews1359 4 ай бұрын

I am going to call you out on your BS! If you are earning $70K, you are probably not living further out of the cities, in the more affordable areas. Houses ‘in the sticks’ are cheaper because they aren’t close to essential amenities. E.g. schools, medical, shops etc. Jobs ‘in the sticks’ are usually part time/ casual and are usually lowered paid. (Unless you are a Doctor or nurse). So younger people move to the cities to get a job, but housing is more expensive. The best way to beat this crap, is to start a KZbin channel like this one!

@CitizenNumberOne 3 ай бұрын

Facts