The Ultimate Guide: Finding the Perfect Balance – What Percentage of Your Income Should You Allocate for a Mortgage?
Key takeaways Mortgage payments vary by state, with NSW being the highest. Aim to spend no more than 28-35% of your gross income, or 25% of your post-tax income, on mortgage payments. Generally, buying a $580,000-$660,000 house requires a $100,000 annual income. When it comes to buying a new property, one of the first things […]