"How many coffees can buy you a house? There are certain things Australians seem to love arguing about, and housing is one of them. Prices in the major capital cities aren’t slowing down, and more young people are simply giving up hope at the idea of ever owning a solid piece of land or property. That fear was exacerbated to the extreme in the past several weeks, when property investor Tim Gurner said that Generation Y should stop going out for “smashed avocado and $4 coffees” in order to afford a house. Hold up…coffee? ...
Sydney Median house price: $1,151,000 For a 20% deposit, Sydney siders would need to give up 57,550 coffees that cost $4 each. That’s 157 years of worth of coffees. Melbourne Median house price: $843,000 For those living in Melbourne, a 20% deposit of $168,000 would require giving up 42,150 coffees. That’s only 115 years of coffee – a steal when compared to Sydney! (Except not really.) Brisbane Median house price: $532,000 It gets a little easier up north. A 20% deposit of $106,000 will only require 26,600 coffees, which is 72 years worth of savings. Darwin Median house price: $598,000 Who knew Darwin prices would be more expensive than Brisbane? At this rate, a 20% deposit of $119,000 will take you 29,900 coffees, or 81 years worth of saving. Perth Median house price: $561,000 Perth has taken a little bit of a hit on its property prices recently as the mining boom winds down. A 20% deposit here will take you $112,000, or 28,000 coffees and 76 years worth of savings.
This shit threatens to pop Sydney's property bubble!
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Yet another outstanding contribution from you. You should start more threads. Like this one. Because they are awesome.
They are quite good. They show fark wits like you up for what you are when you run bullshit propaganda about why rates of homeownership for those under 45yrs has declined significantly since 2003 when housing become seriously unaffordable.
1: Houses are just as affordable as they have always been and if you can't afford one, it's your own fault. 2: Buy one today, or you will be priced out forever.
Acording to you, Rat, Skammy, Mikey, Trollie, Shadow and Dickchopper, both are true today and always have been (at least since Roman times).
Blondie girl
1 Jun 2017, 04:56 PM
The avocado is over rated.
Get an Avo, mash it, mix in some grated cheddar and garlic and then place in a small container. Drizzle with olive oil to coat the top and place it into the fridge.
Use it as a spread on wholemeal toast in the morning (use instead of butter).
Excellent quick andd easy brekky, good for keeping for four or five days.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Your immaturity and lack of education clearly knows no boundaries. Avocados are the reason Chris?
Ok
You are either a deceptive piece of shit smear who alters posts or your ability to comprehend anything is literally zero?
Probably a bit of both, you're pathetic either way.
Avocados mean nothing, that's the point. If they were the reason then you would be concerned would you not? That would mean young people who buy a. coffee and Avo toast 365 days a year are missing out on a home because they can't save the $110-150 pw they spend on these two items. At the top in of that figure that's about $8kpa, thats what you are you saying that renters are missing out because they can't save $150pw?
Only a shill like you would believe that.
For Sydney they are forced to save $500pw over 8yrs, Melbourne it's about 6yrs so how many people do you know who can pay rent, bills, food etc and save $500pw every week for several years?
You couldn't find me a handful of them.
You will find the current FHB are adult babies living at home until there 30+ or use the bank of mum and dad. You put homeownership as an achievement and yet almost none of the recent examples of FHB have achieved anything as adults in the real world.
Get an Avo, mash it, mix in some grated cheddar and garlic and then place in a small container. Drizzle with olive oil to coat the top and place it into the fridge.
Use it as a spread on wholemeal toast in the morning (use instead of butter).
Excellent quick andd easy brekky, good for keeping for four or five days.
Best post ever Jimbo - well done.
Take risks - if you win you will become wealthy, if you lose you will become wise
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