Buying Your Property.

[oldel]

The 1990s called and wants it's post back.
This is old news and the reason why housing prices are ridiculous now. IE those that could bought heaps of housing up. This boom started in the 90s when parents houses were big enough for the kids to stay living in while they were in their 20s, mining boom kicked off, interest rates dropped, wives started working longer so double income households, yet another reccession put people off the stock market.

And 30 years later here we are, housing is stupid priced, mums and dads landlords that shouldn't be because they're broke/tight and not landlord material. When everyone with the means wants 2-3 houses there isn't enough to go around and prices go up. It's self perpetuating and the numbers lock good, no one wants to miss out and prices go up even more. This is locked up money and the banks get most of it, it's making the personal debt in this country too high and the banks too rich.

Smartest guy I knew that invested in property always did commercial. Don't have to pay much in upkeep, commercial tenants are responsible for almost everything and no government body protecting them, unlike residential.

Besides that, yeah, buy a house ASAp. It's a freebie from the gov, protected from asset tests etc. Besides, no one wants to be renting as a pensioner.