From: Duanne Ginger
Hi all,
I purchased a house in Perth 2 yrs ago and it has increased by about 35k (not much compared to Syd/Mel/Bris, but high in percentage terms). In the two years I have lowered my mortgage by 10k. By my simple maths I then have 45k equity in my house. Is this correct? I ran the numbers through one of the westpac calculators and it came with around 15-20k, depending on the exact numbers.
Which is correct? My simple calculation or the W?
All help greatly appreciated.
D.
Hi all,
I purchased a house in Perth 2 yrs ago and it has increased by about 35k (not much compared to Syd/Mel/Bris, but high in percentage terms). In the two years I have lowered my mortgage by 10k. By my simple maths I then have 45k equity in my house. Is this correct? I ran the numbers through one of the westpac calculators and it came with around 15-20k, depending on the exact numbers.
Which is correct? My simple calculation or the W?
All help greatly appreciated.
D.
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