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Your welcome.:) We kept that house about 4 years and then bought again for 35k, bit bigger, big shed:D and closer to civilisation. This one we had for 15 years and peaked at about 120k, but we sold at 110k on the bottom, but it didn't matter as we also bought the next one at the bottom...

Relative to what? We were paying interest of about 8% rising to 12-13% approx, later owners quite likely paid 17% in the late eighties, but not many would have paid that % for the last 20 years. So what is relevance?

Hi Jaycee, you are correct, it was an example that it is normal, and one we had been associated with over that period of time and new for sure what the purchase price was at that time.:)

I was earning 65$ a week at the time, and it didn't have the extension to the left side when we bought. I posted more for the numbers showing it more than doubled 3 times over 30 years.:)

That's correct, we had to put 8k into it plus costs and they would never consider my wife's wages into the repayments.:)

We bought it 31 years ago and no we don't own it.

Hard to imagine, but we bought this house for 25k:D http://www.realestate.com.au/realestate/agent/bell+realestateyarra+junction+woori+yallock+yarra+junction/xbryat/homes+for+sale/page3/106112580