Australian Politics Forum

Welcome, Guest. Please Login or Register

Forum rules, Recent posts (with text), RSS, Search options, Browse all uploaded images
Home, Articles, Green Tax Shift, Evolution,

Australian Politics Forum › General Discussion › Chat › When I was 15

‹ No Topic | Next Topic ›

Pages: 1 2

When I was 15 (Read 201 times)

Sir Grappler Truth Teller OAM

Gold Member

Offline

Australian Politics

Posts: 89261
Proud Old White Australian Man
Gender: male

Re: When I was 15
Reply #15 - Today at 12:59pm

Dnarever wrote Yesterday at 8:55pm:

Sir Grappler Truth Teller OAM wrote Yesterday at 8:39pm:

Yes - but I'll say it again...... in the lat 1980's a bloke where I worked bought a house in Marrickville for $45,000.... on about $600 a week.... now the same house would cost you $1.8m - twenty times the late 80's price -and if you are VERY lucky - you might bring in - before tax - $1500 a week...

Now you were saying? When I was fifteen I finished high school - A class and final year - child prodigy you see..... and due to poverty the Army gave me my first good pair of shoes when I joined at just under 17. Unless you were rich or had a solid family - you didn't go to uni then...

Quote:

the lat 1980's a bloke where I worked bought a house in Marrickville for $45,000..

In the early 80's I monitored a conversation where a guy was talking about buying a place at Glebe for $80K. Around the same time I bought a place in the west of sydney for $73K. $45 at Marrickville doesn't sound realistic at that time, maybe 15 years earlier unless it was falling down.

Late 80's was about the time of the start of the mad rise... I bought in Canada Bay for $185k in 1991.... I'd only need to be within a couple of years for that to escalate from around $80-$100k. The gold rush began in the late 1980's primarily due to the MADIF and guess what - immigration policies alongside government policy of 'investment housing' .... and hasn't stopped yet.

Even if we accept your figures - incomes have only gone up 3+ times while housing costs have gone up at least 10-15 times...

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

IP Logged

Sophia Gold Member Offline Posts: 9268	Re: When I was 15 Reply #16 - Today at 3:52pm The mid 80’s was a mad time when properties boomed double! I had a friend that sold her 3br brick home for $30K and banked it and waited to buy back in. Because of the doubling where similar house went to $60k…. she got left behind and never caught up. Whatever the market is doing, sell/buy in same market.
Back to top	IP Logged

Pages: 1 2

‹ No Topic | Next Topic ›

« Forum

‹ Board

Top of this page