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

  1. #1

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    Default 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

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    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

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    My rent is 50%

  4. #4

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    hey mel thats a nice drop hey !

  5. #5

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    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

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

  7. #7

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    very interesting.

  8. #8

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    18% on rent here.

  9. #9

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    How do you workout the percentage?

  10. #10

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    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

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    Thanks..

    Ours is 11% Mortgage.

  12. #12

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    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

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    thats nice and low thanks for sharing

  14. #14

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    about 30% mortgage.

  15. #15

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    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

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    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

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    Quote Originally Posted by Bathsheba View Post
    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

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    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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