I also don't know exactly what to do next...whether I should go into business, buy decent land for property development or another IP.
Wow, you don't know what to do now huh?
And here I was thinking you knew everything!
Suppose it depends how much $ you can extract from mummy and daddy...
The old BMD... "Bank of Mum and Dad"!
If it all goes to cactus, you've got them to fall back on anyway, and you're young now so may as well take some risks hey...
Btw...... Why did you buy a place in Brunswick?
Couldn't you afford Toorak?
What about the person who can't afford Brunswick?
What's wrong if they buy in Footscray... or Point Cook?
And even if people could afford it, what makes you so sure they would buy in Toorak (which I think is your argument, I couldn't make it out from all that fluff)... ?
People by homes for many reasons other than ''prestige'', perceived or otherwise, and regardless of affordability.
I think your 99.9% figure is very skewed to your own view of the world.
If you want, I can do a poll on this subject on this forum, as a small subset of the general population, and see what sort of figures we get... ? What do you say, we're all forward thinking financially and keen on property, so if we could afford it, surely we'd mostly be buying in Toorak (or similar ''prestige suburbs'')... right?