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That's true, maybe someone clarify whether that figure is individual or household income, I think it's individual.

They need to change their expectations, just like their higher income counter-parts.

Just going to summarise the things you should have done prior to making these claims: - Use the scaled tax rates instead of flat tax rates - Use a 5 year interest only rate of around 8% pa - Purchase done using a 100% offset account, so all cash savings are offsetting the loan amount -...

And add to that, if you used interest only at 8%, then on 250k, that is $20000 pa, not $22000, every little bit counts... People continue to throw around numbers saying it's unaffordable but just aren't looking at it precisely enough, which is important, especially at the lower end of the...

Using your figures then, you need to use a different 'loan calculator', and use $400 per week as an interest only payment instead, which at a 8% pa variable interest rate, would equate to $260000 in borrowings that you could afford to service. Add on any cash savings and you can then afford to...

Cool show, I like it :D.

Pretty please...consider it a challenge, you guys carry on with your discussions, and I'll see if such a property actually exists, where it might be and what it might look like...

Eg. Melbourne 2030: Activity Centres, Transit Cities etc...

Hey YM, Do you have any stats. that could tell me the average weekly earnings for an individual (rather than household) in Melbourne? If you give me this figure, I'll see if I can find a decent and affordable starter property within an hour of the CBD...... Thanks.