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I will bet my fully paid off 2.5m home that we wont see major asset devaluation in aus. My friend, there is an old saying, " a fool and his $ are soon parted" and it is a fool who plans to rent long term in aus. Luckily you have people like me, who will provide you with housing in your dotage...

Well the 62k salary will be stacks more. We wont have 14% interest rates without serious inflation and that drives up incomes. I will bet my fully paid off house on that. Best to go and buy an ip, work hard, save and sacrifice if you want a house. The government and tennants will help you...

Without going over my entire history (which I have done on here some years ago) I received a redudnacny and had some savings. I purchased a knackered doulble fronted, nth facing (not freestanding house) for 220kish in south melbourne. Single fronters were about <200k for 2 br's and missed out on...

Personally I liked it and could see the unfortunate position many of the youngsters find themselves in. Im gen x and remember 15 yrs ago some of my friends saying "why do you want to be a slave to a mortgage?" as i was trapesing? round albert park looking for my first dump ppor and borrowing the...