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what's your monthly repayment ? (aussie.zone)

submitted 6 months ago by yoz@aussie.zone to c/ausfinance@aussie.zone

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I am paying $2100/month for a house that I bought recently for $645k with 50% LVR.

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[–] yoz@aussie.zone 2 points 6 months ago (1 children)

I am glad atkeast you've something to be happy about. Mine is a shitbox of a house but atkeast its only 4km to work so yea there's that. CBF travelling 1hour+, to and from work for the next 10-15 years lol.

[–] BlueSquid0741@lemmy.sdf.org 2 points 6 months ago

Yeah, I’m going 1h 15m each way for work. As soon as we see interest rate cuts I will gladly take the pay cut to work closer to home, but I can’t do that now until repayment gets down under 3000/month at least but I dream of something like 2800..

Mate, that sucks. For 15 years I lived in a 1 bedroom place I bought in Melbourne. No aircon, and no car, so had some brutal summers to get through. I thought I’d be stuck forever, never thought I’d know anything different.

I’m surprised we’re not seeing house prices come down. Where I am now in central Victoria, there’s 6 or 7 places around our street on the market for 6 - 9 months or longer. No one wants to budge and sell for cheaper so no one’s buying.