mine is $320 on $200k, I'd probably be paying $40-50 more to rent something similar. I've always paid much more than needed on my mortgage until recently, I can't to start hacking back into the debt once it's rented out!
ours is a bit under 300 a week (four bed/two bath/two living) - which is cheap compared to rent in the towns nearby. we live way out in the country though, and do pay a bit in petrol for me to get to work. i sat down and worked out the figures though - to live in town, to get a house maybe 2/3 this size (and with no yard - we have a huge yard) - we'd be paying 70-100 more per week. so the petrol/travel balances it out - and we get to have a home we are happy with
About $170 per week here, just about to go up to $210 as we have extended on the loan to buy some surrounding land. We live out of town, have to deal with our own garbage and need 2 cars. At the current petrol prices a round trip to town costs $6 without any running around in town. That adds up if I go in everyday, plus DH drives in for work, but he has a more fuel efficient car. Our mortgage is low, but we can't get ADSL out here, so no cheap phone or internet and that is really hurting us right now. We also lost $50 rent assistance per fortnight
We were renting in town, an 80's 3 bedroom, 2 living area, 2 bathroom, 2 car garage et for about $260 per week (that was 2 years ago, so it would be more now). We would just live with one car if I dropped DH off at work, he was only 5 minutes up the road.
Lucy in the sky with diamonds.
Reply With Quote
Bookmarks