2025, although any gains after 2021 are likely to be eroded after that peak and up until the next recovery takes shape, so I wouldn't be buying for investment after 2021 and okay to sell right up until 2025 of 2026.
2025, although any gains after 2021 are likely to be eroded after that peak and up until the next recovery takes shape, so I wouldn't be buying for investment after 2021 and okay to sell right up until 2025 of 2026.
If I was a degree qualified white collar worker based in Sydney or Melbourne between the ages of 22 - 35, i'd get the hell out of Australia and spend a good 5 to 10 years abroad working professionally.
What are your options if you stay?
Forcibly pay extremely high rent due to the need to be within reasonable travelling distance to the CBD's. Minus average outgoings, average salaries require about 5-6 years or more to save a deposit for the average 1 bedroom apartment. Then an additional 40 years of mortgage slavery ahead on top of that. That's even if your saving rate could match the soaring valuation of the market - impossible.
+ An accelerating depression of consumer goods markets due to the 180-odd % of national household debt hanging like a dreaded weight around the nation's neck.
I was lucky enough to have bought and completely paid my house off when prices hadn't decoupled from fundamentals.
After doing the math, the only conclusion that one can come to for tertiary qualified young people is get the fk out of Australia.
If I was a degree qualified white collar worker based in Sydney or Melbourne between the ages of 22 - 35, i'd get the hell out of Australia and spend a good 5 to 10 years abroad working professionally.
What are your options if you stay?
Forcibly pay extremely high rent due to the need to be within reasonable travelling distance to the CBD's. Minus average outgoings, average salaries require about 5-6 years or more to save a deposit for the average 1 bedroom apartment. Then an additional 40 years of mortgage slavery ahead on top of that. That's even if your saving rate could match the soaring valuation of the market - impossible.
+ An accelerating depression of consumer goods markets due to the 180-odd % of national household debt hanging like a dreaded weight around the nation's neck.
I was lucky enough to have bought and completely paid my house off when prices hadn't decoupled from fundamentals.
After doing the math, the only conclusion that one can come to for tertiary qualified young people is get the fk out of Australia.
Oh there, there old chap - At the end of the day it really is just quite important that us old farts let go and let them make their own decisions ... For better or worse.
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
Oh there, there old chap - At the end of the day it really is just quite important that us old farts let go and let them make their own decisions ... For better or worse.
Im not old.
Why not try addressing what i've written next time in something other than inanity. For everyone's sake.
If I was a degree qualified white collar worker based in Sydney or Melbourne between the ages of 22 - 35, i'd get the hell out of Australia and spend a good 5 to 10 years abroad working professionally.
What are your options if you stay?
Forcibly pay extremely high rent due to the need to be within reasonable travelling distance to the CBD's. Minus average outgoings, average salaries require about 5-6 years or more to save a deposit for the average 1 bedroom apartment. Then an additional 40 years of mortgage slavery ahead on top of that. That's even if your saving rate could match the soaring valuation of the market - impossible.
+ An accelerating depression of consumer goods markets due to the 180-odd % of national household debt hanging like a dreaded weight around the nation's neck.
I was lucky enough to have bought and completely paid my house off when prices hadn't decoupled from fundamentals.
After doing the math, the only conclusion that one can come to for tertiary qualified young people is get the fk out of Australia.
I hear that a lot. Top idea for the young who want some work experience that they wouldn't get here, and exposure to different cultures, a chance for some personal development. But I'm a bit worried about the reason you gave. If it was so great elsewhere then why are hundreds of thousands coming here and not staying where they are or going to one of these so called better places.
Not having a go at you, but if it was such a great idea why aren't many people doing it when they decide to settle down and raise a family. What is wrong with the plan?
Take risks - if you win you will become wealthy, if you lose you will become wise
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