+ Reply to Thread
Page 1 of 4 123 ... LastLast
Results 1 to 10 of 35
  1. #1
    Join Date
    Oct 2008
    Posts
    2,368
    Thanks
    498
    Thanked
    1,479
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Anyone else a pauper?

    Who will probably never own their own home?

    What's your story?

    DH and I will have spent almost our entire 20s being students*, paying central Sydney rent. And throw in an unplanned pregnancy and two interstate moves leaves us with minimal savings at 30 and little hope of ever buying a house.

    Reading the threads about home ownership is somewhat depressing. Well done to all of those who do of course, it just makes me regret my life choices somewhat :-p

    Those of you who haven't or currently can't buy your own home, do you think that'll ever change?

    *Science undergrads, so huge contact hours and workload leaving little time for paid work, I know lots of other people managed to save while at uni. And postgrad studies with now few career prospects, because science has rapidly declined in Australia.

  2. #2
    Join Date
    Jun 2011
    Posts
    3,431
    Thanks
    1,018
    Thanked
    2,081
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    30 is still so young! You could save slowly over the next 5 years or so, even just starting small.

  3. #3
    Join Date
    Aug 2014
    Posts
    2,067
    Thanks
    1,933
    Thanked
    1,500
    Reviews
    12
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    We're part of the long term renters crowd. We married relatively young when I was a full time student and dh a lowly paid apprentice. Since then I've done two post grad degrees and Dh went to uni and retrained. We've moved states 3 times following careers. There's only been 18 months when we were both in full time work because of either study, maternity leave, or now having a toddler. I think at this rate we'll have to hope to inherit a house. I know people say, well you chose your education over saving and they're right. But as a researcher I couldn't do my job without all of my degrees and dh would be miserable if he hadn't retrained.

  4. #4
    Join Date
    Feb 2016
    Location
    Adelaide, SA
    Posts
    429
    Thanks
    434
    Thanked
    385
    Reviews
    0
    I own (well the bank does) a home and I still feel that I'm a pauper. We have a big mortgage relative to friends as we only bought 4 years ago. I feel like everyone can afford to reno - we've done nothing to our house. It's all relative and its human nature to want more. I try and be grateful it's the best I can do. I'm excited that we're getting a bed. We've been together 7 years and still sleep in the bed I bought with my ex 12 years ago! Celebrating the small stuff!

  5. #5
    Join Date
    Jan 2015
    Posts
    790
    Thanks
    669
    Thanked
    367
    Reviews
    11
    Achievements:Topaz Star - 500 posts
    We've lived in Sydney for just over a year and it's only a temporary move as we couldn't afford to live here permanently and have the lifestyle we can have back in the uk. We bought a house in the uk about 3 years ago but now in Sydney over 50% of dh salary goes into rent leaving very little opportunity to save any money so we would never be able to buy here. If we were permanent residents and eligible for child rebates it might be worth me going back to work but right now with 2 babies it's too expensive to put them in daycare so I can work. Something I miss terribly. So soon we will be moving back to the uk to "carry on" our sensible lives having come to Australia for a "break".

  6. #6
    Join Date
    Oct 2008
    Posts
    2,368
    Thanks
    498
    Thanked
    1,479
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Clementine Grace View Post
    30 is still so young! You could save slowly over the next 5 years or so, even just starting small.
    Aw thank you for the encouragement! We are still saving everything we can, we're possibly just very pessimistic and have therefore given up :P
    It does feel a bit like we threw away a decade of earning potential to pursue pointless degrees :-/ We do still quietly hope that isn't true though!

  7. #7
    Join Date
    Aug 2014
    Location
    Melbourne
    Posts
    1,351
    Thanks
    558
    Thanked
    728
    Reviews
    5
    Achievements:Topaz Star - 500 posts
    We're in Melbourne and could not afford to live where we do had DH not gotten a small inheritance and bought into the market several years ago.

    Absolutely no way. I have no idea how people do it. And we earn a good combined salary.

  8. #8
    Join Date
    Feb 2016
    Posts
    1,147
    Thanks
    11
    Thanked
    707
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    We are clearing out debts that we got when we were both relatively high income earners. Life and things happened and we ended up at a point where we lived on bare meals and we skipped meals so our kids could eat. We are now doing quite well with money again despite being single income so we are just working on clearing up those old debts. We plan to buy eventually, but for now we live on my hubby's work complex and pay $40p/w rent so it seems stupid to buy any time soon, as when we buy it will be somewhere else. Although we are buying a place here soon hopefully with super. I feel like we will never own, but I look at my parents who scrimped and scavenged and ended up with a 110% loan for their first house but 10 years later they own 3. One of which had massive growth in the first year of owning it. They were 40yo when they got their first one.
    Hubby and I are 29&28. So I figure we have a while to get there.
    We have no desire to live in the city, we live in a remote outback town currently where houses are $35,000. The places we are looking to move are far below the state median price. But we do want to buy a property to start a small farm. We will look at doing it after about 5 years when I go back to work.

  9. #9
    Join Date
    Oct 2006
    Location
    At my house
    Posts
    3,103
    Thanks
    256
    Thanked
    121
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    We brought our house at 24 years old. We got gifted some money from a relative so we used it for a house deposit. Interest rates were sky high back then and we really couldn't afford repayments on our wages (me just out of uni too) I fell pregnant soon after too which made it even harder. We were able to hold on for 6 years barely scraping through, applied for hardship etc. Finally we had to sell up and move interstate. We made a small profit but we are renting now and have had two more kids since so all of that has gone. So to answer your question yes we are paupers and struggle every week! I have no idea when or if we will ever buy again.

  10. #10
    Join Date
    Oct 2008
    Posts
    2,368
    Thanks
    498
    Thanked
    1,479
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by WinterJade View Post
    It's all relative and its human nature to want more. I try and be grateful it's the best I can do.
    Absolutely! We actually feel like we live in relative luxury right now, we have everything we need and want - it's just the big things that seem off limits to us.

    Quote Originally Posted by nh2489 View Post
    We've lived in Sydney for just over a year and it's only a temporary move as we couldn't afford to live here permanently and have the lifestyle we can have back in the uk. We bought a house in the uk about 3 years ago but now in Sydney over 50% of dh salary goes into rent leaving very little opportunity to save any money so we would never be able to buy here. If we were permanent residents and eligible for child rebates it might be worth me going back to work but right now with 2 babies it's too expensive to put them in daycare so I can work. Something I miss terribly. So soon we will be moving back to the uk to "carry on" our sensible lives having come to Australia for a "break".
    The daycare cost vs wage thing sucks It seems so illogical that anyone would be worse off by working!

  11. The Following 2 Users Say Thank You to deku For This Useful Post:

    KitiK  (15-05-2016),nh2489  (11-05-2016)


 

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Einsteinz Music
Make music at Einsteinz Music in age-appropriate class in Sydney's Inner West, Eastern Suburbs or North Shore. For ages 6 mths - 4 yrs. All music is live! Christmas Gift certificates available for full term or casual classes. Call 0431 338 143
sales & new stuffsee all
CarmelsBeautySecrets
Growing your own natural nails is easy. Years ago, I devised a simple and very effective technique which really helps boosts the nails' growth in as little as three days! And most importantly keeps them that way.
featured supporter
121Temps
For the last 10 years 121 Temps has helped thousands of personal assistants/others to set up and work as a virtual assistant from home. Our services include: - One-2-One Mentoring - Online Training/Courses - Handbook, Toolkits, Templates & more.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!