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  1. 2

    Poor first home buyers Sydney

    I think you're totally ignoring cash flow investors who tend to invest in the 'first home buyer suburbs'. Look at how popular threads on Adelaide are on here- particularly in the southern (Christie Downs, Christie Beach, Hackham) and northern suburbs (Elizabeth). We see it as well with Melbourne...
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    Poor first home buyers Sydney

    Look at the population growth in that time though...when I say that I specifically mean in Sydney though! A place like Adelaide has actually got a lot more affordable within the past 25 years.
  3. 2

    Poor first home buyers Sydney

    http://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/39997-the-sydney-property-market-house-of-cards-the-joker-in-the-pack-simon-pressley.html "An unhealthily high ratio of investor-owned properties is already occurring with ABS data confirming that 60% of NSW home loan...
  4. 2

    Poor first home buyers Sydney

    Adelaide's result doesn't surprise me. Unemployment in South Australia is at a 14 year high of 7.6%:eek:
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    Poor first home buyers Sydney

    Tip 7- Marry an investment banker:p
  6. 2

    Poor first home buyers Sydney

    True. It's a values thing. As long as their keeping up their side of the deal and making repayments I don't see why it's a bad thing. If your parents have the financial ability to help you and are happy to do so than it's probably a good thing because it helps you out. I'm lucky I live in...
  7. 2

    Poor first home buyers Sydney

    Cable t.v is certainly a luxury as is a 2nd car. However, I'd argue that phones, computers, and internet are essential in this day and age. I'm on a $40 a month plan but I don't have a home phone but I need a phone so people can contact me. Same as I need a computer and internet for...
  8. 2

    Poor first home buyers Sydney

    I guess everything was more expensive back than because Australia had protectionism to prop up manufacturing and insulate the economy from international competition. These days the economy is a lot more free market so we benefit with consumer goods. The other thing I love about today is...
  9. 2

    Poor first home buyers Sydney

    First time posting images/graphs so hopefully they link up.
  10. 2

    Poor first home buyers Sydney

    Another day another article about Sydney housing affordability. http://www.smh.com.au/nsw/sydney-tax-why-you-pay-150000-extra-to-live-in-emerald-city-20150606-ghhb3z It's good to see people take action instead of just complaining. It's easier said than done to 'move where you can afford'...
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    Poor first home buyers Sydney

    Exactly! It always takes sacrifice to buy a house but the FACT is that it was 134% cheaper in 1977 to buy a house in relation to disposable income than it is today. I don't care though coz I don't live or invest in Sydney:D
  12. 2

    Poor first home buyers Sydney

    2:30 https://www.youtube.com/watch?v=CL7M5RIXjY8
  13. 2

    Poor first home buyers Sydney

    The average Australian wage last year was around 75k. http://www.livingin-australia.com/salaries-australia/ Compare that to the average back back 15 years ago where the average wage was around 35k...
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    Poor first home buyers Sydney

    FHB's should live with their parents for as long as they can. Obviously it saves a lot more money than renting but it also frees up supply (if more people were to do it) and is the best way of 'voting with your feet'...
  15. 2

    Poor first home buyers Sydney

    Investment property or PPOR? Did you have a partner? Houses in Mount Druitt are now around 500k. Alternatively you could live out Campbelltown way and pick up something for high 400s. As for 600k you could get a place in Macquarie Fields but than you spend 3-4 hours a day of your work week just...
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