Hi Andy,
Sorry for some reason I missed this question.
You're right that the rate will vary between lenders and also on the term of the mortgage. I checked with the bank we're with (most of the major banks have calculators on their websites) and for A$400,000 mortgage for 25 years it's about A$2,900 per month. The lowest rate they do is 7.64% but that's only for one year. Standard variable is 8.77% and don't forget all the predictions are that interest rates are set to keep rising for this year.
Can't help you with the child care.
Regards,
Karen
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