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Am I correct in saying theres a D.O.B cutoff date as to weather you will even be elighitable for the pension? I'm sure I heard this somewhere.. But I can imagine it will be changed once all these people start retiring and are flat broke within a couple of years and on the street.

Yes, super. I've always known it's a pretty shitty retirement plan.. Just 1 property would be a better plan than relying purely on super. 1. It is leveraged from the start, so 7%p/a on $500k is better than 7% on $10k lets say. 2. You don't have to wait until you're 67 to retire on it. 3...