The Housing Crisis

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abc
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Re: The Housing Crisis

#76 Post by abc » Tue Apr 02, 2024 12:45 pm

Goodsy wrote:
Mon Apr 01, 2024 12:40 pm
using Commbanks borrowing calculator with an 8% interest rate they'd let you borrowing 450k on a 100k (pre-tax) salary.. a 163k salary at 8% they'd let you borrow 680k

Maybe they're only talking about the actual City of Adelaide and not the suburbs?
you cant buy much for 450k these days.

Goodsy
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Posts: 1099
Joined: Thu Jul 18, 2013 10:39 am

Re: The Housing Crisis

#77 Post by Goodsy » Tue Apr 02, 2024 4:29 pm

abc wrote:
Tue Apr 02, 2024 12:45 pm
Goodsy wrote:
Mon Apr 01, 2024 12:40 pm
using Commbanks borrowing calculator with an 8% interest rate they'd let you borrowing 450k on a 100k (pre-tax) salary.. a 163k salary at 8% they'd let you borrow 680k

Maybe they're only talking about the actual City of Adelaide and not the suburbs?
you cant buy much for 450k these days.
There's plenty north of Main North Road..

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