I agree with you Doug, 100%.
When we bought our first house, we did not go out for dinners, we brown bagged lunches every day, we did not have expensive trips, and we bought a small 2 bedroom fibro house in the Western suburbs (although I worked in the CBD).
My daughter, who cries about how it is impossible for youngsters to buy a house has been around the world twice and spent 12 months in England and Japan respectively and does not think twice about jumping on a plane to visit friends interstate. Additionally, she has all the best furniture and clothes.
As well as housing expectations, they also want everything else right from the start.
(My wife and I have never been out of Australia - see your own backyard first we said.)
Quote:
Originally Posted by Hagar
We are currently hearing a lot about the cost of buying a new house in the Albury area. Our daughter and her husband are trying to save the deposit for a house but maintain it is out of reach.
I looked into the whole thing and after a discussion with a real estate office in Albury it appears it is not the cost of housing that poses the greatest wall to a young couple making the big purchase but more the size and extras they feel they have to have.
When I purchased my first house it was a small 12 squares 3 bedroom house with one toilet and shower. It seems today the average house built in this area is about 21 squares and comes complete with Home theatre room, 2 or more toilets, family room, children's retreat, living room and formal dining room. Some have rooms I have never heard of. They also have to come with outdoor living areas, double garages, landscaping and paving. When I looked at the price they weren't that expensive compared to what we started with.
How can a young couple with a couple of kids expect to purchase such a mansion with only one person working. When we bought our first house we effectively paid more for less but we did it on one salary (usually)but had no furniture and a garden of just grass for a few years.
Our first house cost $40K in Craigieburn )Melbourne) My salary was about $80 a week take home. In those days I was a tradesman going to uni part time and still managed all my bills and expenses.
The houses we looked at in Albury were around the $330k with a tradesman on around $800 a week at a minimum.
Seems to be just a scaling factor until you add in all the new furniture. home theatre suite's and pools they must also have.
Your thoughts.
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