High Income...Higher Mortgage

The goal is consistency and breathing room.
That’s not a weakness, it’s good risk awareness.
Safe borrowing doesn’t start with the bank’s maximum.
Banks lend to rules, not your real life.
Stress-test the repayments.
Could you still manage if rates rose, or one income dropped for 6–12 months?
If the answer is “only just”, it’s too tight.
Protect your breathing room.
You should still be able to save, enjoy life, and cover the boring but real costs.
A simple rule: if the mortgage only works when every month is perfect, it isn’t safe.
Safe borrowing feels a bit boring, but you can still live, save, and sleep at night.
Practical step: try the higher repayment for three months before upgrading.
Put the difference into a separate savings account.
If that hurts, that’s useful information.
General advice only.

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Advice Disclaimer || Any advice given by the presenter/s has been prepared without considering your individual objectives, financial situation or needs. So, before you act on the advice you should think about whether the advice suits your objectives, financial situation or needs. If the advice relates to acquiring a financial product you should obtain a copy of the Product Disclosure Statement for that product and consider it before making a decision. This presentation has been prepared by Consortium Private Wealth Pty Ltd (ABN 74 616 250 965) (AFSL 495401). If you require advice which takes into account your objectives, financial situation and needs you should speak to a financial adviser.

Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Olivia Glare (ASIC Reg 1262290), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.