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What I get from Beebop is that he basically became an APS6 and therefore thinks he should be able to instantly buy into a full sized median house with a decent backyard, veggie patch and room for a dog, in Australia's capital city. He isn't prepared to start smaller/cheaper to work up to it, he...

Beebop your expectations are too high. You live in Australia's CAPITAL city. You've been around for 2 minutes and you expect to have a median-level house and a great lifestyle. I bought in a REGIONAL area. That was a stepping stone for later being able to comfortably enter the capital city...

Yeah Beebop I can't see how a person on a graduate salary of 45k in their first year of work expects to instantly afford a 350k typical median house. Very high expectations in my opinion. When I got my first graduate salary of 26k, I went to the bank asking for a loan of about 150k about 6...

I live in Japan and have discussed property with J friends and been to property investment seminars here. There is a big property investment scene here, but its all about yield as yes due to the circumstances with their economy/population etc there is zero or negative growth. They definitely...

What I would say Beebop is that its perfectly normal that as time progresses, what you are really seeing is just sprawl. People can still find houses for 3 times their income, they just have to look further out and make a (wait for it) *SACRIFICE* No you can't buy where your parents did and no...

Go to other countries and see how many 21yo's are buying their own properties. Try Tokyo? First of all they live at home with their parents almost forever, and if they ever buy something, it is a tiny apartment. Things in oz certainly aren't the same as they used to be, but they are still damn...

Agree Wylie. You are being a good parent here by making him do it all himself, but backing him up with the sense of support by just offering to be there. But you're still teaching him how to fish, not giving him free fish. Way to go. Yes the other guy is definitely a glass half full dud.

I 100% agree with you truong. If prices dip down too much, people will snap up the bargains anyway. It is going to self level itself while ever the economy is strong. And all the indicators for that are looking very healthy. Property is going to stay expensive. I am getting my "stupidly low...