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Nope never said it was the norm but it is achievable by a sufficient number of people. As I said, my view was that there're enough of these people around and enough overseas intersets who think this place is undervalued - but then again last time I said this the next response was I think "pass...

Thanks for validating. A single degree takes 3 years. You start at 18, graduate at 21. From 21 to 26 is around 5 years. Many crack the 6-digit by that age. Don't know why some going psycho about this. And to those who don't care, just give up. No need to tell me you don't care if you really...

Maybe it's just the people I know but the same type of people tend to find one another ;) As said they're from places like HK, Shanghai, SG. A friend of ours just bought a place in HK 2 yrs or so ago for AUD $10m+ (don't want to disclose figure). I haven't been there. He doesn't get much...

If you earn 60k and work 55 hours a week for 48 weeks, you get $25/hr. Or maybe 40k and work 40 hours a week for 48 weeks, which gets $21/hr. Now when you work 70 hours a week you get $12 per hr. If someone earning $48 per hr is stupid, then by your standards all university graduates are...

There're also other mid-tier firms apart from large investment banks that could do that. And for all the law firms, large accounting firms, large ASX firms (doing financial analysis), lots will hit 6 digits by around 25 or 26 if they started working at 21 or 22. Then you have all the dentists...

Jonathon has hit the nail. The people buying the $1m houses aren't really the ones on the average 60k salary. The bank wouldn't lend to them in the first place. Young Professionals - Gen Y There're now lots of young professionals in the mid to late 20s earning easily into the 6 digits - I...