Reply to thread

A an ex-colleague, who I am now friends with, recently relocated to Melbourne from London. His primary reason was the weather and lifestyle but is amazed at how affordable housing is. I don't know what sort of $$$ he's pulling in but he works in a fairly senior position for a largish pension fund, so I'm not talking about someone making the median salary. In his opinion Australians don't know how easy they have it in property (his words not mine!). Of course he agrees that property is a very poor investment, but the people pushing up property in western countries aren't necessarily approaching it from an investment perspective.