No I dont reckon people travel from Castkemaine to meklbourne. But the town is an example of a place where inner urban funcky city slickers are happy to live and find work. Many will work as architects, designers or it people who can work from home.
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I have to agree/disagree here. We do have "rights" to some things in life, not necessarily tangible things like housing but (and here's the agree bit) we should not expect to be given something for nothing!No one has a "right" to anything even affordable housing - you have to make sacrifices and choices and not expect to be given something for no effort or work on your own part.
Hope you eventually get to buy in your dream area, especially as you've worked so (and with a $million portfolio to date) clearly, very hard for it! Best of luck Nat.Oh, and 8 years after buying that first house with a $million + protfolio I still can't afford to buy in the areas I want to live in
BB's when they bought their first house, which was much more "affordable", got it without, curtains, driveways, carpet, air conditioning, landscaping, theatre/family/rumpus rooms which have become the norm, and if you could buy a reasonable house you got all of 10-12 squares.
Slim
Granted Castlemaine is lovely aussie, but surely these people aren't travelling some 100 km to Melbourne to work everyday????
Hence my use of the word "some" before the 100 km.Castlemaine is more like 125km, and unlikely to have too many commuters to Melb CBD. Even the train is about 1.5hrs, and doesn't run too regularly.
This is probably better value that Pakenham, where you need to catch a suburban train which stops at about 500 stations and is closer to 1.5hr.
V/Line also stops at Pakenham and it takes 54min to City.
My starting salary out of high school (trainee accountant) was $13k (1989). We bought our first home in 1996 for $146k (11 times), tiny weatherboard house near Parramatta NSW. Not our ideal location, and I had to sell my car to raise the deposit.
Graduate salaries for that job are now around $55k, median house price in Sydney is a something like $600k (11 times), so you could argue that all things are relative and the difference is 3 years of uni and a bit of sacrifice !!!
So are you saying that from 89 - 96 your salary didn't change?
I find that very hard to believe, unless you have terrible negotiating skills.
With 7 years experience as an accountant I'd imagine in 96 that $146k house wasn't so expensive after all
My starting salary out of high school (trainee accountant) was $13k (1989). We bought our first home in 1996 for $146k (11 times), tiny weatherboard house near Parramatta NSW. Not our ideal location, and I had to sell my car to raise the deposit.
Graduate salaries for that job are now around $55k, median house price in Sydney is a something like $600k (11 times), so you could argue that all things are relative and the difference is 3 years of uni and a bit of sacrifice !!!