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If I only had 300k I'd be pretty stressed

You're underestimating Melbourne, because the transition to other high end service industries (the future of Victoria) is happening much quicker than I anticipated. But yes, USA is also a good investment, in parts, although the best boat has sailed.

Considering they go on 2-3 overseas holidays to Europe, USA, Asia per year, you wonder why yea?

Every generation has its challenges. I'm from Gen Y and puke everytime I hear people complain how tough they have it. And just for the record apart from getting free board and education, I have never used a cent from my family's money ... yet. Quite the contrary in fact I spend more time...

In the short term, prices will go up. In the medium term, prices will fall. In the longer-term, prices will go up. In the very long term, prices will boom like you've never seen before.