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    Investors keep first-timers out of market

    I thought that was the post everyone was replying to?
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    Investors keep first-timers out of market

    Hmm, another calculation done on one of those extra mortgage repayment calculator thingys says we could get the same result even by just paying the minimum fortnightly P&I repayments upto year 5 of the loan (my husband will be well and truly finished uni by then so our income will be close to...
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    Investors keep first-timers out of market

    Yes, medians are more accurate as the average/mean is easily skewed by extremes. But my post was replying to sanj's post (above mine), not commenting on Kathryn's. To answer whoever asked, the median household income in the Sydney metro area at the same time was $1447. On second thoughts, my...
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    Investors keep first-timers out of market

    The median household income in Australia as of 2011 was $1,234/week. I'm guessing that's before tax as it doesn't specify otherwise.
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    Investors keep first-timers out of market

    I'm not trying to minimise the risks taken and the hard work people have put in on this forum. I actually have a great deal of respect for most of them and hope that we can be half as successful. I was just pointing out how things have changed over the years and I think it's dishonest to not...
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    Investors keep first-timers out of market

    I've bought two properties within the last year and a bit. I intend to buy more and know that there will be CG if you buy well. However, I am not under the illusion that my house will increase in value to be worth $2.5 million by the time I'm in my 40s (i.e. a five-fold increase which was common...
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    Investors keep first-timers out of market

    The point I was trying to make is that the figure I gave you is not as high as you think. It doesn't mean there has to be traffic because, as I said, it's very low. The stats I gave are from the census which is taken in winter (August). I'm pretty sure they're reasonably reliable. Btw, I have...
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    Investors keep first-timers out of market

    Not sure if you live in Dromana (going by your sig), but that's about ~850/km2 so it's not too far off :p
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    Investors keep first-timers out of market

    Because of sprawl? If there was a higher density of people, Sydney (or Melbourne) would be able to support better public transport infrastructure meaning less people would be driving as it'd be comparitively inefficient.
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    Investors keep first-timers out of market

    That's nice Kathryn but house prices can't have been that high if you could pay it off before having children. If we keep our budget at the very tight state its currently in and put every spare cent into the mortgage (i.e. a bit over $4000/month inc the min repayment) it will be paid off when...
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    Investors keep first-timers out of market

    You could triple Sydney's overall population density from 300/km2 to 1000/km2 and I doubt you'd even think it was so bad. I just want to confirm that you know how low density even 1000/km2 is? Many inner suburbs in say Melbourne are already triple that or more. It doesn't mean you're going to...
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    Investors keep first-timers out of market

    It's meant to be illustrative of the amount of habitable land available in Australia. It's not an actual proposal
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    Investors keep first-timers out of market

    Well said :)
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    Investors keep first-timers out of market

    Sydney is 12,000km2. Melbourne is 10,000km2. Shall I go on? Which part of these cities is not suitable for habitation? Again, just go from one extreme to another. Pretty tired cliche. I'm not sure where such cities were used as ideal examples in this thread.
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    Investors keep first-timers out of market

    I don't think "the whole world is overpopulated" is a really meaningful statement. The world is a very large and diverse place. In Australia, the problems described can be put down to poor governance and planning. Not the number of people that live here. It is far easier to just blame "the...
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    Investors keep first-timers out of market

    I'm not sure why you have to jump to the most extreme examples - i.e. Manilla. There is certainly not that type of overcrowding in any of the examples I mentioned. They are all first world cities and have better infrastructure than any city in Australia. It is impossible to live so spread out...
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    Investors keep first-timers out of market

    Where do you get your ideas from? Australia is one of the most sparsely populated countries in the world. We're only beaten by the likes of Greenland and Mongolia. And no, that's not just because of the outback. Even our cities have very low density. If we're in trouble, it must be a state of...
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    Investors keep first-timers out of market

    Congratulations - you win the gold medal in the Oppression Olympics :)
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    Investors keep first-timers out of market

    See post #114 a bit further up the page
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    Investors keep first-timers out of market

    And I'm sure older people never get high phone bills. Seriously :rolleyes:
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