Knobby22
Mmmmmm 2nd breakfast
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Still a student. Works hard at her part time job.
The state of the economy at the street level
- Thread starter Tyler Durden
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Well unless she is excellent at what she does, or has a long term plan on how to climb the ladder, IMO she should move to where the money is and negative gear her way slowly up the ladder.
It isnt instant riches and it is a thankless journey, but that is why the Govt pays incentives so they dont have to do it.
She will get there, but only 5 out of every 100 people become independently comfortable.
Lots fall by the way side and lots more dont even bother trying.
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How is a student working part time supposed to afford a deposit for a house while paying rent ?
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why should a student working part time could ever consider buying a house, in australia or anywhere at any time?
StockyGuy
Observe, Discuss, Apply
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Lol way back in the day, ya graduate uni, get first full-time job, and (excluding kids - women should aim for having before about 30 if they're gonna have) could immediately start stacking chips for a deposit. Now you gotta rent and pay off HECS for like 20 years first.
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rent controls have brought their own consequences in the past , investors delay or even decline buying extra properties , that may spread to unit sales and new home sales ( and future residential construction )
but history no longer seems to teach us anything
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Not sure what your suggesting here SP. The Tax department decided many, many years ago that attempting to get households to itemise all their costs and returns when offering Homestay for students was too complex and open to households making tax losses. It did also make it easier for Universities to encourage people to house students. This was for social reasons as well as food and shelter considerations. Overseas students needed/appreciated support from local people. Given the challenges and responsibilities of offering Homestay accommodation, having to the deal with the Tax Department would be bridge too far for almost everyone.
Interestingly enough the only people who are treated as if homestay income is assessible are pensioners and other welfare recipients. The Department deems that 20% of the homestay is clear income which then affects their payments.
Copyright Privacy Statement Refe
www.homestay-australia.com
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now i haven't worked with ( tertiary ) students for a while , but most of them were still wondering how they would repay their HECS debt
now of course a ( tertiary ) student still has their whole working career ahead of them even an academia path doesn't guarantee a stable residence history ( especially now more and more mortgages are being 30 year ones )
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yes we are slowly importing the Soviet mentality that was exorcised from Russia
interesting times
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I was wondering if because the University is making money from the students and the general public are housing them tax free, wouldn't it be seen as a fringe benefit to the University. Similar to what was happening in mining towns, the company was attracting workers with subsidised accommodation, wasn't that treated as a fringe benefit? It was just a thought.
An in-house property fringe benefit is generally one where the University is engaged in a business which normally provides identical or similar goods or services to the public. In such circumstances, the benefit is valued at 75% of the lowest price charged to the public for the same goods or services.
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Funny thing is those fighting the "Reds" are firing on Putin and Xi while backing Biden and WEF..Ha ha, Godwinski's Law .
The irony?.
As long as we still have every Aussie median house even inland or located at the arse of the continent sold at the same price as a flat in London Paris or Chicago, we must not be in too bad a state.
And maybe we deserve a bit of reality..that could hurt..I would not be spared.few would....
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I thought it would have been pretty obvious, that I was discussing they housing issue when she has finished her studies and commenced work.
Maybe I take peoples reasoning capacity, too much for granted?
However in my own case, as soon as my disabled daughter turned 21, I put a deposit down on a small unit, so that she could build an independent future. She is now 42.
I also went guarantor for my oldest son, when he bought an old duplex half in the third year of his apprenticeship at 22, he is now 44.
My second son didn't want to buy a property, also wasn't that interested in work, he still rents.
My youngest daughter moved to Melbourne in the early 2000's with her boyfriend, they broke up and I offered to help her buy an apartment in the early days of the Docklands, but she decided to come back to Perth.
Her and her now husband are buying a house here.
So there is no reason a parent can't help a child get a leg onto the property ladder, if they are so inclined.
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Sure, the bank of Mum and Dad is a great thing. For those not so lucky , when a student commences work, the government wants Hecs repaid.
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i will see that 'bit of reality ' and raise you a 'dose of absurdity '
wayneL
VIVA LA LIBERTAD, CARAJO!
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Missus and her friend went to Morley Galleria yesterday... They said they could buy no more than leeks and turnips and that a Fountain Gatesque lunch in the food hall was off the cards due to most of the stalls being closed.
Missus is prone to embellishment, but it sounded pretty dire.
Missus is prone to embellishment, but it sounded pretty dire.
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Well down at the shopping centre having a dose of pad krapow, the place is markedly quieter than normal for a Thur lunch time.
Maybe the interest rates are starting to bite, even here in W.A.
It will be interesting to see if it is the dame next week.
Maybe the interest rates are starting to bite, even here in W.A.
It will be interesting to see if it is the dame next week.
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The bank of mum and dad put $8k into shares for the disabled daughter, when she was 21 they were worth $50k, so that money then went as a deposit on a $100k unit.
The oldest son bought a $hitbox duplex half for $64k and he had saved $5k, so total input from bank of mum and dad $0 just signed that we trusted him to man up.
So bank of Mum and Dad total outgoings so far not a lot.
As for Hecs bills, non of the kids went to uni, the only one who went to uni in the family is Mum.
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Apologies for the spelling mistakes, was at the shops on the phone, now I'm home looking on the computer eek embarrassment.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Please report in to your local Maoist Spelling and Grammar Revolution Incorporated, for your free struggle session.Apologies for the spelling mistakes, was at the shops on the phone, now I'm home looking on the computer eek embarrassment.
You'll see me there... tho one with the dunce hat and a sour expression
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