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They wouldn't even need to contribute by the sounds of it! And like I said earlier, if you got married/girlfriend and the new wife/gf moved in with you in that first year it would void it too. I wonder how it works if you are a separated parent and you have teenage kids who come and go...

How odd .. sharing doesn't count as income for the ATO or for Centerlink, surprised sharing counts for the FHOG. I swear there's been heaps of FHBs on here who have promptly put mates in all their spare rooms. Do they check the electoral roll and car rego databases or something to make sure only...

Housemates. Boarders. Assumes you're single, of course. Sharing your house immediately cuts your expenses down.

Rents confuse things no end. Assuming by some miracle they actually give us a loan to build our PPoR (I STILL don't have a fixed price contract so STILL can't go loan shopping for a lodoc 60% construction loan) we're going to have a combined mortgage over all three properties of about $210k...

That's called 'poor money management'. My tenants pay barely less in rent than we pay in mortgages, and their income is similar if you take into account we have dependants and they don't. They live like paupers. We have a very nice house with nice stuff in it, the (admittedly cheap) IP and...

Depends what you earn. Our mortgage is under 20% of our income and we quite efficiently blow the rest on Stuff. We couldn't sensibly afford more than around 30%. Doesn't help that I can't really work at the moment so I'm living off $300 a fortnight Newstart, and will be for the next few...