SM
Bigfooty Legend
Yeah we need a focus on developing regional areas too.
Isn't Chef saying that there isn't a need for that?
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Yeah we need a focus on developing regional areas too.
This as well.
As it currently stands society does not encourage people to have children younger and anything which might go a way to correct those would be met with significant backlash.
Im my uneducated opinion I would think the age of couples having kids is linked to housing prices. Country couples are still have young family's and I guess mortgages allow that in the bush.
Yes I think there’s a correlation between them for sure. I know many friends who have got married, purchased a house and started a family all within a (relatively) short space of time.
Those are significant life events within a year or two and come with considerable ramifications (in terms of financial and other). Especially in Melbourne or Sydney etc with much higher average house prices.
Did 2 of the 3 in the space of 24 months (from planning wedding through to buying place)
We kind of did things backwards, had 2 kids, then bought a house and then got married with starting a business in the middle haha. All before I was 24.
Crazy to think we only paid 80k for our first house(early 2000s). We nearly stayed in the City and were going to buy in bayside Parkdale for 125K which was a nice 3 bedroom house probably work close to a mil now. Feel sorry for kids with the prices nowadays.
I am worried about how my kids will get into the housing market. Once they hit 25 board will be increasing rapidly every year if they are working full time by that stage!!
We bought our first place in 2016 (Mrs was only 22), I proposed in 2017, got married 2019 and bought our land in 2019 too.
I am worried about how my kids will get into the housing market. Once they hit 25 board will be increasing rapidly every year if they are working full time by that stage!!
Wouldn't you be better off letting them save that board money towards a deposit?
Well I'm glad there are no points for guessing other users' ages as I'd be way ******* off here.Thankfully a lot women have education opportunities these days. My two daughters are in their 20s, years of training and now starting off their careers. Neither expect to have kids by at least 30 as their male partners don't intend to halt their careers to raise kids.
Ill be encouraging them to be independent from 25 onwards if they have full time jobs by then. Different story if they are still doing Uni.
I have set up a trust for each of my kids that can only be accessed for buying a house or medical treatment if it is needed so that will be available to them if they want to buy a house.
What was your guess?Well I'm glad there are no points for guessing other users' ages as I'd be way ******* off here.
I thought you were probably early-mid thirties. Within a decade of me (29) at least.What was your guess?
Encouraging them to be independent doesn't really fly given we're literally talking about how ridiculously expensive places are to buy these days. "Teaching them lessons" is all well and good but there are ways to do that other than to take their money to make it harder for them to save.
I've got a trust set up for them to help them purchase a house. With current returns by the time they are 25 (oldest one currently 11) each of my 3 kids will have a minimum of 40k to help them buy a house. For me, I will be encouraging my kids to be independent from 25 years of age and onwards if they are working in full time jobs, IMO it's a healthy thing to do. As I said if they're still studying for degrees and masters different story.
Ha....a couple of decades outI thought you were probably early-mid thirties. Within a decade of me (29) at least.
Seems a bit counter intuitive to teach them to be independent only for them to be able to rely on the trust to buy a place. Although in saying that $40k in 14 years time won't help them all that much the way prices are going!
Ha....a couple of decades out
There's six years between us, but yeah still very good for someone of her age to achieve what she has.Congrats mate hope you have success starting a family.
22 very young to have your first place!
My bro is on the other end of the scale. Has his own house in Canberra + 4 investments all over Australia. He keeps talking about retiring at 50 (early 40s now), I keep telling him you should enjoy life while you are young(ish). Has only had the odd girlfriend here and there, never considered starting a family.
I agree but would also add I think its also more a focus on career and travel opportunities (pre covid) which is pushing back timeframes for having kids.Im my uneducated opinion I would think the age of couples having kids is linked to housing prices. Country couples are still have young family's and I guess mortgages allow that in the bush.