Money magazine Comments - How much of your income should you spend on your mortgage? One rule of thumb says you shouldn't spend more than 30% of your income on housing, but does that hold true in times of high house prices and soaring interest rates? https://www.moneymag.com.au/feed/latest?story=179796360 Thu, 18 Aug 2022 15:20:31 +1000 Thu, 18 Aug 2022 15:20:31 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - How much of your income should you spend on your mortgage? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Matt R ()

I know they're only loose conventions but it might be good to specify that the income is pre-tax for 30% and debt to income measures. It might also be good to state for offest accounts that they reduce the interest payed but the actual home loan repayment would stay the same

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]]> Matt R () Thu, 18 Aug 2022 15:20:31 +1000