Yes.
We will help our kids out. I want them to be financially independent and sensible but with house prices in Sydney so crazy, we will need to help them. I hope they travel too, like I did. They can get an Irish passport so I really hope they take advantage of it.
My mum and dad bought me my first car but I'm the youngest of 6 kids so they couldn't help us with house deposits. My husband already had a huge deposit saved up when I met him with no help from his parents.
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Results 41 to 50 of 108
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27-04-2017 21:00 #41
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27-04-2017 21:08 #42
Exactly this
When I bought my first house in 1999 it was $98k on a 906sqm block. I moved regional nsw for work and rented it out for $180/wk. 2005 I sold it because exdh was an **** and saw no value in it but I did. I sold it for $260k. I also had bought the house I'm in now 12 month before for $440k it's now worth around $700/$750k. The first house was bulldozed by the new owner and he built 3 on the block and sold them for $330k each. 1 is for sale again now for $450k. Those same original houses some sell for nearly $500k and they are crappy old weatherboard houses in massive blocks that get subdivided then sold for $550k a piece on a smaller block. 15kms from the city and 5 mins to the beach. It's very frightening for the future generations. I've recently spoken to my folks to change their wills to allow the grand kids to get a good slice of the inheritance as they will need it more then what I will
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27-04-2017 21:10 #43
I think house prices here in rural NSW are overpriced given the average income of our area (which is only 45k
) But Sydney, my god. We'd never be able to buy unless we both worked literally 60 hours a week.
Feel bad for you urban peeps
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27-04-2017 21:22 #44
For us (my husband and I) it's great as we can move just out of Sydney (although still considered greater Sydney) and be closer to work and have no mortgage just by selling and making the most of the crazy house prices here. But it's our kids who will never be able to buy...
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27-04-2017 21:28 #45
It actually makes me really angry TBH. What makes it so much worse is family that tut tut at us but a) got given the deposit from their own parents and b) paid $100k for a house they sold a decade later for more than double. Even in the bush $100k gets you a nice block of land now and nothing more.
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27-04-2017 21:30 #46
sydney is ridiculous. surely the bubble has to burst at some point!?
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The Following User Says Thank You to turquoisecoast For This Useful Post:
Tinkers (27-04-2017)
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27-04-2017 21:35 #47
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The Following User Says Thank You to delirium For This Useful Post:
Little Miss Sunshine (28-04-2017)
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27-04-2017 21:36 #48
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27-04-2017 21:37 #49
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27-04-2017 21:42 #50
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