I'm currently earning roughly $45.000 and thinking of buying a house. I'm living at home still, but was wondering what would be the best way to go about it. I was thinking of buying say a 3-4 bedroom house for $350.000-$400.000 with a $25.000 deposit.
if i where to rent out a say 2-3 rooms for around $120 a week, would i be taxed on the rental income if its going straight to the mortgage?
or would it be better to buy an apartment for say $200.000 and try and pay that off quickly?
any help appreciated!
Thanks!
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