300k house, minus 30k deposit, 7k first home owners grant, no stamp duty, plus 2500 legal fees.
265.5k debt
outgoings (fixed)
- Mortgage Interest Only $19,912.50 Per year (7.5% Interest rate)
- Council rates - $1,200
- Water rates - $660
- Insurance - $700
- Repairs - $500
$442...