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The figures that I was 'throwing around' were from the calculators from realestate.com.au. You're right, 8% of 250k is 20,000 per annum, however thats just interest. Most people who buy a PPOR pay interest and principal. So at an interest rate of 8% paying interest + principal, it comes to...

I'm going to bite.... Being a recent FHB, i'm going to have to agree with Nth Brisbanite. Basically it has come to the point where first home buyers need 2 incomes to purchase a home. My partner and I have recently purchased a house out in the suburbs, 1 hour drive from the city and it is no...