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thread: what % of you income fortnightly is rent/mortgage?

  1. #1
    Registered User

    Jan 2008
    3,305

    what % of you income fortnightly is rent/mortgage?

    simple q i was curious as to what other ppls are...



    what percentage of fortnightly income goes towards your rent/ mortgage

    ill go first..
    ..
    Rent 58% here

  2. #2
    Registered User

    Dec 2007
    Sunny Qld
    14,682

    Our mortage is about a third of our income for the week.

    Its gone from being 50% to about 35% in the recent cuts.

  3. #3
    Registered User

    Feb 2008
    Down Under
    1,617

    My rent is 50%

  4. #4
    Registered User

    Jan 2008
    3,305

    hey mel thats a nice drop hey !

  5. #5
    Registered User

    Aug 2008
    Ouiinslano
    5,303

    Our rent is about 16% of our fortnightly income - while we're both working full time. On top of that, though, we pay a fake "mortgage" into savings/FHSA, because we've chosen not to buy just yet.

    So when you add them together, it works out at around 60% of our fortnightly income.

    We're pretty much living off DH's income, and stacking mine away.

  6. #6
    Registered User
    Add fionas on Facebook

    Apr 2007
    Recently treechanged to Woodend, VIC
    3,473

    about 16% but we're doing interest free for a few years .. and we need a bigger house so that will rise.

  7. #7
    Registered User

    Jan 2008
    3,305

    very interesting.

  8. #8
    BellyBelly Life Subscriber

    Jun 2005
    Blue Mountains
    5,086

    18% on rent here.

  9. #9
    Registered User

    Jul 2004
    5,756

    How do you workout the percentage?

  10. #10
    Registered User

    Jan 2008
    3,305

    add the total of your household fortnightly income....

    divide by 100 then times it by what ever number intill the answer comes the closest to the amount your actually paying in rent/ mortgage. hope that helps

  11. #11
    Registered User

    Jul 2004
    5,756

    Thanks..

    Ours is 11% Mortgage.

  12. #12
    Registered User

    Jan 2009
    5,235

    My mortgage is about 30% - I am single and on one income. Seems a lot less than the rest of you girls! I was extremely blessed at the price I purchased my home for 7 years ago!!!! I have always paid quite a lot less than others in my area were paying for rent.

  13. #13
    Registered User

    Jan 2008
    3,305

    thats nice and low thanks for sharing

  14. #14
    Registered User

    Sep 2008
    Sunshine Coast QLD
    153

    about 30% mortgage.

  15. #15
    Registered User

    Jul 2005
    Rural NSW
    6,975

    Are you people talking gross or net income???? Are you factoring in superannuation for example, regular insurance payments?

    Our rent is about 33% of Gross income.

  16. #16
    Registered User

    Jul 2004
    5,756

    Ours is only low because we only have a very small mortgage that was used to buy some land. I'm not rich or anything lol!

  17. #17
    Registered User

    Jan 2008
    3,305

    Are you people talking gross or net income???? Are you factoring in superannuation for example, regular insurance payments?

    Our rent is about 33% of Gross income.
    im talking about total income when i gave my 58% and we dont pay tax at this point no super and my insurance comes out of the remainder 42%

  18. #18
    BellyBelly Member

    Jan 2005
    Brisbane
    1,300

    We pay 23% mortgage per month, which equates to 11.5% per fortnight!
    Last edited by westy; April 13th, 2009 at 12:23 PM.

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