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What about the lower end free standing houses of gc and surrounds, say 450k I've looked at gc a few times over the years and every time I get spooked as I ask myself, how do I know it's not going to fall 40% like in the past

couldnt agree more, its so obvious that even stevie wonder could see it:D

and what happens if you industry has gone up in average wages due to demand, or has stayed stagnant, then your comparison once again becomes moot, your example with the holden commodore, when I first moved out of home, I bought the cheapest blender at kmart or target for around $60, I was...

are you serious?!?!?! where did I say any of that garbage? it may come as a surprise to you, but people have kids these days as well, and maternity and parental leave is more available today which makes your point even more moot Youve just proven that your argument was flawed, and now you are...

it doesnt work like that, even in 2000s, the affordability according to your argument wasnt great at all, as population gets bigger, people have to move further and further out, also we need to spend more then 20 years ago, eg tablets, phones, foxtel, also the mentatlity of keeping up with the...

I see your point, but I think its a bit irresponsible and dangerous anyone saying leverage leverage leverage as if the market will never crash. no matter how unlikely

im going to be a bit controversial, but the general consensus is that good debt is good, that being said its not for everyone what if property drops by say 20%, yes its highly unlikely, but do you think all those people in the US were thinking that they would have negative equity???? Im...

Horses for courses I have a friend on a very decent salary with very little expenses His philosophy is to buy a house, live like a hermit and pay the house off with PI Once its fully paid off buy the next one Considering it would be a bad strategy for most on here including me, he...

Not a chance wages will come down The worst is a CPI increase Mining is slowing down, thank god Other industries aren't booming but are slowly recovering I always wonder how young kids on 200k in the mines without any or little qualifications actually adjust to a 65k salary once...

Usually the ones that go on and on about paying their own wy or being self made aren't!!! It's like rich people, the half rich ones will feel the need to show, while the truly rich ones, don't and don't need to

great post, yes I agree, I see so many people have those spreadsheets that say 2014, 2017, 2022, 2027, with linear growth models, and I think, OMG however its good to know what you are up for, no point, buying with the hope it doubles in 10 years for example when realistically there is no hope

man, that is a ridiculous position to be in, $3k per week, after tax savings, thats $236k salary assuming you dont spend a cent 24 years old, still leaving at home $300k deposit honestly, no offence, if you think you have it hard then you are either very spoilt, need a reality check...

there is no way you could have bought a house for $50k at 30k income in a metro area of melbourne, if you are going to bring up examples, then make them realistic, I for one know of somone who bought a $75k house on a $25k salary (in the late 70s or early 80s and he bought in a crappy area of...

yes but, the houses they purchased for $10k in terms of ratio to income isnt much different to what it is now, plus these $10k houses were most likely the western suburbs equivalent of now!!! generally, old people dont invest, they've done their investing, its the 30-50 year range who have...

I get what you are saying totally, I have more free time then teh average person hence I can do renos for weeks on end and it doesnt really affect me except my kids, but I manage to squeeze them in, there comes a point when most people will simply say "stop being a spoilt brat" its up to you...

Um, I grew up in Nunawading Its about three times further then your 11km Assuming you are a fhb or fairly young, why are you unable to travel that far, I did it for ten years, I had class mates and work mates who lived in Boronia, Kilsyth, and even lilydale, travel time was well under 1.5...

Yes, not as much now but before the gfc when all was rosy So many youngsters were complaining that they weren't getting pay rises within 6 months , carparks, and weren't happy that they weren't able to boss around people 40years+, like their parents and uni had told them they would be able...

^^ I personally dont think ive whinged about baby boomers, or gen x or gen y ever before (im 38), but I can start now :) I do get annoyed when baby boomers who bought a single IP in a crappy area ages ago because thats all they could afford, and now its worth millions, think they are...

Oh yes I agree with your phone example, Why on earth do you need spend another 700 and get a new phone when your 18 month old is perfectly fine Their justification is embarrassing Another way to increase cash is to sign another contract get the new phone and sell it for 600!

whats everyones take on my views throughout history the aust property market as a whole, the long term trend has been a constant increase, (excluding mining towns and extreme environmental/economical factors) the property market has been doubling every 10 years on average, give or take...