Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
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Still a student. Works hard at her part time job.
Still a student. Works hard at her part time job.I dont know what job or skill set she has, but if she can work where there is maximum pay and build her way up the property ladder, IMO it is a better way than hoping to catch up with a red hot property area.
Unless a young person is extremely gifted, I cant see how they can expect to successfully climb the Sydney/Melbourne ladder without help.
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.Still a student. Works hard at her part time job.
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.
why should a student working part time could ever consider buying a house, in australia or anywhere at any time?How is a student working part time supposed to afford a deposit for a house while paying rent ?
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 )That may invoke the law of unintended consequences. I've got no love for landlords as a group, but I think they're the bit player in this saga.
It's the policies of successive governments that have led us here. If you invoke authoritarian control over landlords, you may just find that the supply of housing for rent even worse. IMNTBCHO
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.Insn't that a tax payer funded fringe benefit tax break for the Universities?
now i haven't worked with ( tertiary ) students for a while , but most of them were still wondering how they would repay their HECS debtwhy should a student working part time could ever consider buying a house, in australia or anywhere at any time?
yes we are slowly importing the Soviet mentality that was exorcised from Russia
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.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.
yes we are slowly importing the Soviet mentality that was exorcised from Russia
interesting times
Funny thing is those fighting the "Reds" are firing on Putin and Xi while backing Biden and WEF..Ha ha, Godwinski's Law .
I thought it would have been pretty obvious, that I was discussing they housing issue when she has finished her studies and commenced work.How is a student working part time supposed to afford a deposit for a house while paying rent ?
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.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.
i will see that 'bit of reality ' and raise you a 'dose of absurdity 'Funny thing is those fighting the "Reds" are firing on Putin and Xi while backing Biden and WEF..
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....
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.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.
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.
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