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  1. S

    The next 10 years: Prediction of the market

    Well, I don't know what he wants to achieve as well. But I remember him mentioning somewhere that he wants to own his house outright. If someone want a mortgage free house, that is their choice. But saving all the way so that he can pay it in full is not how cash works. A 24 year old working...
  2. S

    The next 10 years: Prediction of the market

    Oh, I reckon an grasshopper has more investing knowledge than me! If all one has is 300k in savings account keeping its liquidity so that he has enough cash to buy a house outright, he is a sophisticated investor, right?
  3. S

    The next 10 years: Prediction of the market

    It seems that you know what you want. If you have missed a few, analyse why you missed them and don't miss next time! You don't have to jump in and invest in something just because you have cash. But waiting for too long won't help either. Good luck!
  4. S

    The next 10 years: Prediction of the market

    So saving is a prudent strategy and sophisticated investors save! What an ignorant idiot I have been!
  5. S

    The next 10 years: Prediction of the market

    I don't understand what this means. :D
  6. S

    The next 10 years: Prediction of the market

    It is good that know the value of money and don't waste it. You are working hard to earn and save money. But your money may not be working hard. If you get you money work hard as well (investing), it will be easier. A forum like this should guide you!
  7. S

    The next 10 years: Prediction of the market

    Seems they don't understand how money works. Otherwise you won't keep 300k in savings!
  8. S

    The next 10 years: Prediction of the market

    I have no idea about Sydney. But in Perth, you can buy houses for $300-$350k. Not 200km from CBD, but 20-25km. For $400k, better houses can be bought slightly near the CBD. If someone can save 40k, they can buy a reasonable house with 10% deposit. And move on from there. Say one need 10%...
  9. S

    The next 10 years: Prediction of the market

    If those who buy decide to pay P&I, they will own it in at least 30 years. Actually inflation will make it quite easy. In suburbs where houses which can be rented for $300pw five years ago get $400pw now. It would have costed 400pw to buy them 5 years ago. Those who bought 5 years ago are...
  10. S

    The next 10 years: Prediction of the market

    Oops sorry, I thought you have saved 300k and it is not enough for a deposit ;) If you want to own your house outright, buy two and wait for them to double. Then sell your PPOR (CGT free) and pay off the other and move into it!
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