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It was assumed that in today's dollar value you will be earning 80k each! But I reckon it could be less than that. You gave a good example Kathryn! Yes that can be done. In real life in the last couple of years we found that actually we can pay off PPOR loan in 4-5 years! But instead of...

So $240,000 houses do exist! As Kathryn mentioned, if a couple is earning 40% above average or 80k each, they can actually pay off these houses in 2-3 years, not 4 :D

I wasn't referring to Kathryn's post. $20 per hour, $330 per week (or less) and $240,000 house were from our experience in the last few years. Instead if paying off one house, we went on to buy 2 more houses. :p

If a couple work 38 hours each, earning just $20 an hour, they will get $1330 after tax. If they spend $330 per week on expenses excluding mortgage and property expenses, they have $1000 per week to go towards their house. A $300,000 house can be paid off 7-8 in years. By incorporating some...

SMH articles This thread started with this article from SMH. http://www.smh.com.au/business/investors-keep-firsttimers-out-of-market-as-prices-surge-20131112-2xd5o.html Yet another article has appeared in SMH...