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Also I've been noticing that with a couple of IPs my parents own land tax has massively jumped this year literally from around $800 to $2k+

 

Gov might be really tightening down on this, firstly to make more $$$ and possibly to slow down investor buying. Personally Gov are just greedy basturds... like us... 

 

 

 

1 hour ago, Daz said:

It's kinda sad attending auctions and watching new young couples who are trying to buy their first home be out bid by older cashed up investors buying their 3rd 4th 5th + investment properties 

 

Yet no-one will complain in 10-20 years when they inherit those same properties....

Don't think the ones struggling to get into the market are the ones with multiple investment property parents...

Greed for certain drives a lot of the pricing out of the market, including from those first homers wishing to live in suburbia instead of the fringe on a single income. In my search I've seen plenty of reasonably priced properties for 300k, an hour away from the city that could be mortgaged on a 50k salary with 10% deposit. If travel time from the fringe is the problem here, then the solution is to decentralise big business from the city and give incentive for someone to buy their first property in Officer etc. However, that being said, I feel there are plenty of jobs in industrial suburbia to be had. I do think a lot of people have this twisted idea that if you don't work in the city you're not going to make something of yourself, or if you don't live in the inner east your quality of life will rapidly deteriorate.

There's a difference when the majority of white collar jobs are in the city and not spread out. For example, in my field it is near impossible to find anything outside of the CBD, which means I need to live in a suburb within reasonable travelling distance. Travelling 1 or more hours each way is ridiculous, and it's not something that will get better over time if you live in the same suburb. 

1 hour ago, viper2002 said:

There's a difference when the majority of white collar jobs are in the city and not spread out. For example, in my field it is near impossible to find anything outside of the CBD, which means I need to live in a suburb within reasonable travelling distance. Travelling 1 or more hours each way is ridiculous, and it's not something that will get better over time if you live in the same suburb. 

What is your field?

Again, this is where business needs to be decentralised.

Rules of free market say that if it's truly unsustainable travel time then employees will find work elsewhere or rent closer to it...

Has any world city successfully decentralised? None that I can think of.

Even if you lived in Berwick trying to get to Frankston or Ringwood is min 1 hour commute if working peak hours. Train system is almost so far behind it can't be saved.... I don't know how you establish a new private network to start joining up regions of melb that DONT go through the city

2 hours ago, Leroy Peterson said:

Has any world city successfully decentralised? None that I can think of.

Even if you lived in Berwick trying to get to Frankston or Ringwood is min 1 hour commute if working peak hours. Train system is almost so far behind it can't be saved.... I don't know how you establish a new private network to start joining up regions of melb that DONT go through the city

They're already established/establishing, most people (there will be exceptions for some industries) just need to fk off the idea that the city is where it's at. Dandenong, Rowville, Knoxfield and Mulgrave are massive hubs of big business - some of the biggest players in their industries operate out of these spots, assuming everyone has to work for someone like this. My marketing job pays more than most of the city based ones I was looking at and I live 5 mins from work - win/win. Business needs to offer incentive for the commute or risk losing staff to easier transits - pay employees more for their trouble or setup office away from head. Isuzu for example are moving from Port Melbourne to Deer Park iirc. This is where I think free market will dictate that you either suck it up or fk off to an easier job/industry and the vacant desk will take care of itself.

22 hours ago, Birds said:

And close to Captain Ethanol.

E85

E85

E85 

8 hours ago, Birds said:

Don't think the ones struggling to get into the market are the ones with multiple investment property parents...

Greed for certain drives a lot of the pricing out of the market, including from those first homers wishing to live in suburbia instead of the fringe on a single income. In my search I've seen plenty of reasonably priced properties for 300k, an hour away from the city that could be mortgaged on a 50k salary with 10% deposit. If travel time from the fringe is the problem here, then the solution is to decentralise big business from the city and give incentive for someone to buy their first property in Officer etc. However, that being said, I feel there are plenty of jobs in industrial suburbia to be had. I do think a lot of people have this twisted idea that if you don't work in the city you're not going to make something of yourself, or if you don't live in the inner east your quality of life will rapidly deteriorate.

I know I look down on those filthy Cranbourne & Officer peasants 

I could of got a job in the city quite easily, but fark that travel every day.

Still got a SE suburbs good job by being stubborn and only looking out the SE for jobs, a lot of them around box hill, mulgrave, knox, mentone, dandenong I noticed. All my other I.T mates are working in the city, easy to get dat dere 6 figs in city but not far off out in the suburbs 

Edited by UNR33L

CBD centric is old school.
Heck I live in Albury/Wodonga- and work for a multinational FMCG as an Asia-PAC manager. I travel all over the world from here.
Melbs is a 35min flight/3hr drive, Sydney is 1hr flight, Canberra is a 3hr drive (with international airport servicing Singapore)...
I have a 1000m2 block, 5 bedroom house - with views over town - only cost a smidge over $300k.
10mins from the office - travel 10x a year...have zero desire to work in any cbd.
Probably earn more than most cbd jobs in my IT field as well (I'm not a specialist)..
Got me buggered why everyone wants a $900k mortgage...

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