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No, not at all. :( Kudos to you for your words of wisdom! ;)

This is a useful website: http://www.investsmart.com.au/property/search.asp?Suburb=&SA=1&Units=1&Houses=1&OrderBy=6

Firefrog, what I did is that I used internet banking to export bank account transactions over a period of time, say 1-2 year, to a spreadsheet with debit/credit columns and then calculated my average monthly expenses. I find this more accurate than an itemized list as you are bound to miss out...

Interesting that the expenses of 90K p.a. you projected are higher than his annual before-tax salary. I think Firefrog will be the best person to answer whether he agrees with your projected expenses.

You are frightening him. Confidence is what Firefrog needs. I have a lower salary than him and had just bought my first !P. So if he keeps tab on expenses and is prepared to make adjustments when necessary, I am sure he will have no problem servicing an IP.