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Yeah; those Ponzi scheming b@stards!

No, it's not a myth - it's the average based on historical figures. Of course, it's not a straight line, and anyone who thinks it should be, and expects it to be, and then can't cope when it isn't (all the D&Gers), will be disappointed and think the sky is falling (like you blokes). That's...

That's a great result, and good on him. So, he bought his first IP at aged 20? We need posters like him here to show these f-knuckle D&G-ers that it can, and is done. Just to clarify things though; was he still living at home with Mum and Dad before he moved into the IP? This is...

Laughing my head off. Don't forget; he's very highly skilled and is earning the big bucks in his job through improving those skills. But wants to become an electrician? Not that this is bad; sparkys can earn good dollars. Clarification needed I feel.

Answers in red below

We bought 2 IP's in the same area, 2 months apart back in 2003 - one was a 2 x 1 unit for $105k and the other was a 3 x 1 house for $151k. They are now both worth $220k and $300k respectively. I'd say that is more than inflation and the average wage rises. Now, was it luck? Partly - we didn't...