u/Honest_Ad9549

Simple as it sounds. I live in Auckland with my mum. Mum and dad are separating and mum is essentially giving me the option to 'buy out' my Dad and take a share of the property. It's in area with lots of potential (Hibiscus Coast). I'm 28, earning 95k per annum in a career with high earning potential. My salary will increase year on year.

Mum is 63 years and earns roughly 70k.

Mortgage repayments for myself will be approximately $800 per fortnight.

Have two 'boarders' (brother and grandmother) able to contribute $250 each per week.

I'm having doubts though as I've never lived on my own before.

I should also add that my family is basically working poor so there's no way I can rely on the 'bank of mum and dad' in the future.

Advice?