$5 million is peanuts for property these days, (the market is cooked!) especially if you bought your first house in 1990...
I bought a house in 2001 and a second one in 2019. Total cost for both houses was 475k my council rates now say the two are worth 1.1 million...
I never got in at the best times like 70's or 90's (im not that old) and have never been on a high paying wage like Albo. Any boomers that focused their investments in property would be in the same boat as Albo..
