VineySMASH
Cancelled
- Sep 23, 2021
- 224
- 185
- AFL Club
- Melbourne
- Banned
- #2,451
Follow where the money went after your grandfather departed this world & I'd reckon you would know the answers. Asset values have a relativity, a house, a holiday house, a pension - how many people got a feed.
My folks home was divided 3 ways & my mortgage got the benefit & my 2 kids will get the benefit of that. Mind you the folks home was a 2 br home, built after Dad got back from Europe after WW2 & it was built in the late 40s, in the sticks on a gravel road, no driveway or garage, not a problem because they didnt own a car. No service pension, a war service loan though.
My comment was more about income and the value of a dollar thesedays, rather than asset value.
It was a very different era and I hope I'm not sounding like a boomer, but I just think people need to recognise how much Australia has changed - Melbourne isn't a 3 million person city anymore, its a 6 million person city, and it will very soon be a 10 million person city.
If you're going to live in Melbourne as a young person straight after uni, be prepared to rent or live in share houses for many years. In fact, you may never be able to buy a 3 or 4 bedroom house on a decent block in Melbourne - just as you probably couldn't afford to buy something like that in London.
If you want more space you're eitehr going to have to live at the absolute fringes of the city, or move to a regional area. COVID has probably sped this up a bit, but even the regions will be unaffordable soon.