Quote:
Originally Posted by FairmontGS
I bought in Footscray in 1985 on one wage. I was a clerk. I grew up in Balwyn but I really wanted to own my own home. So I went where I had to.
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While I can see your point about buying in a less attractive suburb to get your foot in the door of the property market, you've conveniently ignored the obvious.... the median house price in Melbourne in 1985 was $75k, its now $900k. It was 3.6x average income, its now 11x average income.
Yes, you can buy a property for $300k in Melbourne (3.6x today's average income), but while it might have been a 3br house back then, its a 1br unit now. Apples and not even oranges. Are you seriously suggesting your 'struggle' is even remotely comparable to someone having to look as far afield as Warragul for a 3-bedder?