Can I REALLY Buy a House on a $70k Salary in Australia?
Published 2024-04-08
- How much can you borrow? We'll discuss how income and deposit size impact your borrowing power.
- What can you actually afford? This includes ongoing costs like rates, insurance, and maintenance.
- Where can you buy? We'll explore affordable suburbs across Australia within your price range.
Plus, we'll highlight the benefits of using a mortgage broker to help you navigate the home buying process!
00:00 How Much Home Can You Afford on $70K?
00:39 Housing Affordability
01:39 How much the banks will lend you?
01:52 How much a bank will lend on $70k salary?
02:30 How much deposit do you need to buy a house?
03:10 Which suburbs can you afford a home in 2024?
04:30 The true costs of buying, and owning a home.
07:30 How do costs of a home impact affordability?
08:30 How much can you afford with a higher deposit?
09:50 Conclusion
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Mortgage Broker Brisbane - Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000
Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.
Next steps and settling your first home
Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.
Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.
If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you).
www.huntergalloway.com.au/contact/
All Comments (12)
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I believe you failed to mention why Woodbridge and Logan Central are so affordable. What's the point of buying a home if it's only going to be vandalised and broken into. Those suburbs are so cheap because they are plagued with crime.
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If you live in Sydney definitely not. My wife and I are on double that each and barely made it after saving all my wage for 5 years.
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So if, you have a 70k salary in brisbane, and then you move to chinchilla...that 70k salary becomes a lot less im gonna guess. Sure seems like some major miss management on a macro level that have brought us to this point.
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Launceston here we come lads
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there are..... but they are either in undesirable areas or in the absolute sticks....
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Hey mate, what's your ethnic background, if you don't mind me asking?
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My 2 year old daughter always said: Oh No No No No😂😂😂
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hmm, so if i get some plastic surgeries to help me attract a partner to buy a home with me then it would be a good investment
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No no no next this is 2024 not year 2000🫣😳👀🇦🇺 next
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I am going to call you out on your BS! If you are earning $70K, you are probably not living further out of the cities, in the more affordable areas. Houses ‘in the sticks’ are cheaper because they aren’t close to essential amenities. E.g. schools, medical, shops etc. Jobs ‘in the sticks’ are usually part time/ casual and are usually lowered paid. (Unless you are a Doctor or nurse). So younger people move to the cities to get a job, but housing is more expensive. The best way to beat this crap, is to start a YouTube channel like this one!
