2 ms·
A good % of me and my friends are all sitting on our hands and waiting as well. We're all about the same age as our parents were when they got their first house
by hartror 15y ago
A good % of me and my friends are all sitting on our hands and waiting as well. We're all about the same age as our parents were when they got their first house (late 20s early 30s).
The prices are nuts, at least the market has flattened out of late, but with the population growth rates we are seeing around the country the pressure for housing isn't likely to lift any time soon.
- robryan 15y agoYeah I don't see an end to it, if you want to be around and work in the inner city there only a reasonable distance away you can buy before it becomes prohibitive. The majority of that land is either already in use or running up $300,000+ just for a regular block of land.
- damncabbage 15y agoHalf an hour out from Sydney, you're lucky to get a two-bedroom unit for $400,000. Actually getting land seems like a dream.
- psyren 15y agoI'm not convinced that waiting is the best strategy. In my case I'm a 26 year old developer in Perth. I bought my first 2x1 apartment 13 months ago in a nice area 7km from the city and have now paid it off to the point where if I were to rent it out, it would pay for itself. Now all my savings still go into the loan (offset account), but they are essentially a deposit for my next property which I will be able to buy around 28-29 (2-3 years).