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Old 02-06-2018, 11:57 PM   #498
Adamz Ghia
FF.Com.Au Hardcore
 
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Join Date: Feb 2010
Location: Geelong
Posts: 1,700
Default Re: Australia housing bubble

So the way into the housing market is to leave your friends and family and move to the desert? There’s over three million people aged 20 to 29 as of 2016, I trust there’s enough mining jobs for all of them? Broken Hill is going to get pretty crowded.

Anyone who thinks it’s as easy today to buy a house as it was before is deluded. That’s not to say it’s as impossible as it’s made out to be, but if you compare house price growth to wages growth from 1986 (my birth year) to now the difference is astronomical. You could live off one wage, raise the kids with Mum staying at home before, today depending on where you live probably not.

Personally I believe if you’re lucky enough to have a partner that you’re planning a future with, it’s not overly hard to live off one wage and save the other. In a few years you’ll have enough to buy a house in cash, no mortgage required.
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