Tuareg
md5: 21323c9312e0b34d8bdccdde19034a79
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> average Australian
> $80k USD equiv salary as an executive
> $100k USD cash
> $160k
Still can't afford a house without debt
>>60741071 (OP)>~$120k AUD incomeThat’s not what I would consider an executive level income. I mean I’m a dirty apprentice tradecel and that’s pretty much what I’m making.
However, you should understand that at some point in recent history, the people who run this country decided that the value of their investments were more important than the prosperity of its born citizens. It is not your fault nor is it fair, but this is the hand that we have been dealt.
we're too heavily taxed, u cant just work and buy a house now
u gotta invest and get lucky with ur investments, then sell those investments, and buy a house in cash
yes its retarded, but the other alternative is looking at a million dollar mortgage with massive repayments and massive amounts of interest, not a good life to live....
the best thing u can do right now is front run the cost of a house by getting the money up front
ur house will go up in value more than the S&P500 will in Australia anyway, so its not like youre missing out on anything, a nice house in australia gives better returns than the index funds do