What to advise your grown up childern in Sydney marketplace

In that case, you should have bought in 2012!! Could've bought a great 3 br townhouse in Castle Hill for little more than 400k then. Now they'll be 850k+.
Ps. Be careful pulling equity for a PPOR from an OP... Don't want a mixed purpose loan.

 

could have but didnt have the $$$$, just started my property journey then and was saving

loan is seperate, just wont be deductable

 

That makes perfect sense. But who is going to actually follow that sensible advice?
Gotta keep up with the Joneses.

 

move to Melbourne, cheap as chips and delightful city

 

Oh boy.
It's meant to be, like the ZR Celica! How much could it cost, really.

 

You should

 

Good sentiment. We had a colleague drop dead at 43 last week. I bet he was earning millions, but worked too hard. Several of my colleagues are almost immediately pulling back on their work as a result.

 

Poor guy. Such a waste at a young age. Btw there is a Japanese word for it Karoshi, apparently not uncommon there

 

He seemed to love it... but he did leave small kids behind. Hopefully his large business will care for them at least financially.

 

But how about perth?
Melbourne is not that cheap... but cheap enough of they're willing to go a bit on the outer side...

 

Start with an older unit, reno and make home.

Rough example:

Sold Price for 2/3 Barber Avenue Eastlakes NSW 2018
Sold 550k last month and only 8.5km from the Sydney CBD. Imagine what you could get if you go 10km, 15km out which is not far.

Always places to live for decent prices, for those who aren't entitled and willing to work their way up. That's what I would tell my children.

 

Do a search on Perth and see what you find.
Perth is a no go zone at the moment, rents have fallen and property prices have also fallen back.
Many think its good value at the moment, I don't see this because what is cheap today could be expensive tomorrow.
This market needs to stabilise as the State economy is in bad shape, until this happens there is no point jumping in just my opinion.

 

Yep, learn to make unrestricted money in the free market place.

As Jimmy said, "Don't wish things were easier, wish you were better".
That's all there is to it.

Getting ahead in Sydney is easy.
You just gotta work at it, but most people don't and simply accept circumstances as they are.

 

Move out, make your situation more difficult, use it as inspiration to challenge yourself to find a way to achieve what you want. Adversity will do that to you.

 

Did you mean in a business sense Ace?

I do need to expand my mind a bit, I just have property as 1 escape plan

John[/QUOTE]

 

Tell him to enjoy life.