Dudes - why do i keep getting misquoted
I never compared the reasons behind property prices between Melbourne and Manhatten/London. I merely stated that more and more people will be commuting from the country side like they do in places like manhatten and London.
Geez.
Deltaberry
I dont reckon there are many financial analysts, pharmacists or optometrists earning that k at 25-26...the others yes. A few but not many..
BTW - On what basis do they feel that melbourne is underpriced? i can show you figures that say Mebourne is one of the most expensive cities in the world to buy property. And yes i have lived in asia and travel there every few months.
Only one really cheap place to buy property right now - USA! (comparitvely speaking)
sorry - and Spain!
er....every graduate investment banker I know is on $100K+ (if you include bonuses, then probably $200K in their 1st year of being an IB analyst). My mate at Citi says graduates are on circa $200K including bonuses, with base at around $100K.
Oh...not just investment bankers....here is a list (other than those Deltaberry mentioned) that I could think of on the spot which already earns, or potentially earns $100K+ in their 1st year out of uni (graduate starting salary)
1. Actuary industry
2. Derivatives, equity and arbitrageur traders at prop trading (market making) firms
3. Same as no.2 but at non-prop trading firms
4. Mining - especially explosives and geological engineers, and a host of mechanical, chemical, hydraulic (fluid & mechanics) engineers (there will be a lot of other sub-specialised engineering disciplines I missed out)
5. Forensic weaponry and engineering mechatronics firms
6. pharmaceutical and drug companies (i.e. development of biotech, specialising in pharmaceutical kinetics and psychotherapy)
7. statisticians (i.e. anything quantitative), such as those that make financial models, specialise in time-series forecasting
8. research analysts at IB firms
9. Software engineers and computer science firms (top-tier)
10. Petroleum industry (oil & gas graduates)
That is a quick list of 10 I can think of (of which there are many more).
Those are also just the corporate ones...as theoretically speaking, anyone who gets paid by performance/commission based can earn 100K+