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That's true, the Australian system of superannuation is actually pretty great, your job pays a portion of your income into your super which gets invested for yo
by a_bonobo 10y ago
That's true, the Australian system of superannuation is actually pretty great, your job pays a portion of your income into your super which gets invested for you, you have some choice as to where it gets invested (high risk vs. low risk etc.)
However what I fear is that if the super isn't managed well, inflation hits, or you just don't build up a large enough investment the high rental prices in Australia will eat up the majority of your investment returns.
- spoonie 10y agoBut you don't fear buying a house that depreciates in value, or doesn't appreciate enough to cover mortgage interest, property tax, house insurance, and maintenance costs?
- adaml_623 10y agoPeople don't fear buying housing because we always (as a general rule) need a roof over our heads.