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agree with u - the ones who normally get burnt don't do research, listening to hearsay or making assumptions abt places and others in denial phase.

i don't think it is management consultants - investment bankers would be the job title. For them - these numbers are normal.

unless you want to be a siberian dancer ?:cool then again what do you love to do?

i think a lot of things depends on interest as well - u can't expect someone to be engineer if she or he has no interest. Like those masterchef dudes, some were IT engineers, lawyers etc but they just loved cooking. End of the day if you like what you're doing - you gonna be more happy.

depends what kind of IT (programmers don't get paid as much as the old days) but you throw in SAP and other new edge techs yeah. Back in the day 2001 anyone who had that skillset was earning 150K minimum and we're talking 20 year olds out of uni. Other IT dudes - just into the techonlogy so...

siberian interpretive dance - damn - that sounds unique. :D

Interesting - i switched on the TV and was watching sellling houses extreme australia yesterday and the suburb was ? frankston.. Not sure when it was taped but maybe the strategy to renovate which was utlized in that episode will attract buyers? just my suggestion.

OK - i'm not familiar with that part of Aus, so can't really comment on those areas.

.6 of a million? whereabouts in brisbane? if it's in melbourne.. i'm keen:)

But how do you compare buying a house that was 170K and say it was 1.2 million now? the wages are not going up in the same growth rate as the property prices.

I think location plays a bit part in an exit strategy - nowadays so many buyers just buy on the assumption they will hold it 10 years to see capital growth. Certain circumstances could change and thus affect your ability to hold. I'm not a big fan of frankston mainly due to the low income holds...

When i said having an underutilisation of capital - i meant cash as in accessible cash right away. Not trust funds, term deposits or funds in trading share or CFD accounts or funds in an offset account or gold bars in a safe deposit box or gift vouchers. although some of us may be younger than...

Sharemarket is very tricky now - so is the property market. I made like AUD30K through CFDs last week in 1.5 days but donated 90% to the japan relief fund. i do not believe in profiting on someone's misery and not giving back part of the proceeds.

i remember a dude who went there IT contracting and bought 5 houses in 2 years coz they wasn't that much to spent on lifestyle. Yeah all the government systems like centrelink are hosted in canberra.

frankston is a different market altogether. Demographics and income levels as well as net worth of buyers.

I think there is opportunity but it would be the right property to purchase than just to buy something because the window is open. Having that much money in the bank - is very handy but does not really translate to good investing practices. As an individual not company, i prefer to have only...

i think it's just canberra.