Hall of Famer
- Aug 14, 2011
- AFL Club
- West Coast
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Buying a place without an income needs the 'Bank of Mum & Dad' to stump up the deposit, before you go looking to live close to work in your first step onto the property ladder.If you're just out of uni aren't you most likely going to want to live in Melbourne or Sydney (depending on industry)?
Neither of those cities are going to be affordable for a uni studeny to purchase a home in our lifetimes, they've grown in population by almost 100% since the 80's, and the government is committed to them nearly doubling again by the end of the century.
That's just the reality now - if you want to work and live in the big cities, you won't be able to buy a place straight out of uni.