Just curious.....


When we built our first home three years ago, and mortgage repayments of $506 a week seemed ENORMOUS and embarassing....that is on only $278,000. We fixed it for 3 years, and it unfixes soon and will be about $480 a week. I am just starting to realise though that our payments are pretty average?? Just curious what everyone else pays...
We live in the country, and I have moments every now and then when I think about how much easier it would be to rent.....but then one of my friends was looking for a new rental and was telling me about how you have to go on "group viewings" as there are always more tenants than houses, and that her rent is $375 a week....that is in the country....so only $100 difference really between that and our mortgage.
It made me realise how fortunate our own situation is as we live in a country where housing affordability is really becoming an issue.... and it is not just affecting the big Cities....

Soon the only debt we will have is our home anyway, as we we have been paying off our credit card debts etc, and are about 2/3 of the way to having them paid off in full..................2 years ago I thought there was no light at the end of the tunel, but now I can see we are nearly there!! It is a very liberating feeling, and I know we will NEVER take out a credit card again....EVER!!! We took out a debt agreement to pay them off. We have paid no interest since, have NEVER missed a payment on them, and we are paying every cent back and were still able to keep our house. Hard lessons to learn at a young age, and it will affect our credit listing for another few years, but to me that is a small price to pay for learning to live within our means.