Maybe the academic didnt fit their needs.....as I go to the fridge in the house I own.....complete with bad plumbing
The future of Australian property prices
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greggles
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The bank's? You probably could have got a studio apartment in a reasonable suburb for $200,000 back then. $30,000 deposit and a job would have been enough to get a loan.
This has always been the problem as I see it
If everyone was university educated who collects your garbage?
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The reason being, that with the loss of manufacturing the requirement for engineering, scientists etc has fallen dramatically, so there are very few positions that require a degree.
But with the explosion in mining, the requirement to build stuff and fix things up that break, has increased dramatically.
Again it can't be laid at the feet of one party, tariffs being removed killed manufacturing and a push to over educate the population happened when intellectuals took over the political stage.
over9k
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Oh no doubt. I wasn't attacking plumbers at all - I wish I'd done what they did.
The idea that a 19 year old uni student can buy a studio apartment even a decade ago is absolutely ludicrous. If you seriously think that, I can see why you have the opinion that you do.
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Absolutely.
over9k
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I agree completely. If I had my time again, I wouldn't do it.
why not?
Apparently plumbers make heaps.
Just no one actually wants to be one to make heaps. They just seem to be the go to for people to complain about. People that have never actually worked as one.
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What about somebody that just finished uni now 2021? what advice?
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How can you go wrong, $1,500 pw and as much pizz as you can drink. ?
MovingAverage
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What the hell has that got to do with the price of fish...we're talking incomes here
Personally I think they are underpaid.
over9k
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See the funny part is that uni numbers are actually down for gen Z. Uni numbers peaked in 2010-2011 and have been on the decline ever since, true story.
There's a few reasons why, but one is no doubt because they saw how it did absolutely nothing for my generation/my generation have all been screaming at them NOT to do it.
For the kids that have still gone to uni, man, if I thought things were bad for me, I can only imagine being a 21 year old gen Z'er and trying to get started in life. They are absolutely done for and will simply never own a place until (if) they inherit one.
The bit when it goes 70/30
greggles
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Well, maybe after you graduated and got a job you could have done it.
Firstly, if you live in Sydney or Melbourne, move to Brisbane or Adelaide.
Then, identify the best value outer ring suburb with potential and find a house that needs some work. In Brisbane these can be easily found for under $300,000, some are $250,000. Spend your weekends fixing it up and improving the property. Landscaping, painting inside and out, etc. You can't rely on capital growth alone. Improve the property yourself with your own labour and you will reap the rewards.
With an arts degree I would say a big mac with fries please
Even better is these days look at what shopping centres at least in Perth are being redeveloped because its where people want to live
Now they encompass dentists,doctors and food etc units tend to spring up in infill
over9k
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Ah yes, because grad jobs have been SO plentiful since the GFC.
Look man you are just completely out of touch. Completely. I know people with masters degrees still bagging groceries. I know one guy with a PhD that's still driving a forklift in a warehouse.
Here's a hilarious data point to follow up on my previous post:
Bachelor degree enrolments are down, they peaked in 2010-2011. But postgraduate degree enrolments are actually up. Why? Because the entire generation that were at uni in 2010-2011 have had to either write the study off entirely or go & get a postgraduate degree to actually be competitive in the workplace. We've all realised that we now need a masters to get what a bachelor's used to. It's just a very simple time lag.
It, too, will pass.
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I was working as an employee electrician for a period in the 1990's.
Just over $14 per hour and that was a "normal" wage at the time and one the unions weren't complaining much about. Drive your own car to work and any form of paid overtime was highly unusual.
I distinctly recall my boss at the time buying a house for $160k. Everyone's jaws dropped - nobody knew he was rich enough to afford that. Average houses at the time were about $110k.
Late-1990's and through the 00's there was a huge boom in incomes in the trades and last I knew (a couple of years ago) the same employer paid just under $43 per hour for the exact same job, indeed some of the same people are still there doing it. Company car provided and with overtime you'd easily take the income to $110k a year not including the car.
Professional and other non-trades salaries with the same employer didn't increase to anywhere near the same extent in % terms over that period, something that upset a few of those who progressed to administrative, professional or management roles.
Last time I sawed any concrete I was paid $88 per hour working weekends. Almost certainly they could have found someone cheaper - but I was 100% reliable at turning up.
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I make more money doing instrumentation tubing
