goodbye young aussie home ownership, page-8

Half the problem is that too many people in the starting off stages just cannot save a buck.

Its the need for a new car every 4-5 years on borrowed money

Its the need for every new gadget on the market

Its the need for expensive overseas holidays

Its the need for the most expensive rental accomodation one can afford when they move out of home



And thats all well and good if thats what you want to spend your $ on.

But everything should be in moderation

And if in moderation a suitable 20% deposit of $80,000 could easily be saved over a period of 7-8 years.

So for those starting work at 18 they could buy around age 26

And if they have a partner maybe a higher deposit can be saved.

And for those at uni or in a trade around age 28 given their average salaries are higher than those without a degree or trade.