Sorry, but improved housing affordability starts with ones spending habits.

Going back to 1984 (30yrs) one could buy a house in Bris outer suburbs for $45K and about the only additional spend was for the likes of a hire movie. Now, we all have mobiles, Internet, foxtel, all of which are paid for prior to saving for a home.

Now, back to that house 30 years ago. As an investor myself, I would be horrified if the first house I bought back in the 80's had only doubled in 30 years, so these figures being splashed about by some guru are a load of misleading rubbish.

But, the number one cause of housing affordability is people's spending habits.

Take a late for example. It costs around 60 cents to make yet people will part with up to $5 for one.

Try to imagine the housing affordability issue if a house that cost $200,000 to build, sold for $1.7 million. Because that's the margin many are willing to pay for just for a cup of coffee. Food for thought, Hey!

THE BACkwards butchers/quote..<<..improved housing affordability starts\with ones spending habits.>>

IF/THEIR PAYING RENT/they can buy a home
investers look at recouping their debt[not their spend]
they put u pennies/to collect subisised dollars in rent[plus govt tax advantages/for investors/plus govt subsidy-as-if rent.BUT LETS LOOST THE PROOF

<<..Going back to 1984 (30yrs) one could buy a house in Bris outer suburbs for $45K..and about the only additional spend was for the likes offences turf carpeting landscapping a pool or a car

<<... Now, we all have mobiles,Internet,
foxtel,\all of which are paid for..prior to saving for a home.>>
if you got foxtel-on/you dont really want A H0ME.

<<..if the first house I bought back in the 80's had only doubled in 30 years,>>

FIRST HOME/cost me 25,000/plus a 10%~deposit
sold 15 years later for 90,000
and its been troublingly doubling nears every 7 years since

<<..so these figures being splashed about by some guru are a load of misleading rubbish.>>

yes/just a bit
but/by-who?

<<>the number one cause of housing affordability is people's spending habits.>>60 cent/cot=5 return ex is deleted

here is the fact/hand price is near
the price most spenD ON THE HOUSE/so this imagined 50 cent bone/was really valued at 2 dollars or more/THUMBS ON THE SCALE/ITS A BUTCHERING TRADE/TIRADE.

Oug:

...Rectub is probably referring to a house in one of the notorious suburbs of Brisbane, located in a flood zone: Great for investors that firstly are never forced to live in the house, and secondly, have shares in a “Gyprock” factory.

...And as for the comments of supreme arrogance from “onthebeach”, maybe it’s time to remove his/her head from the “darkspot” where heads should never be; try a walk to the next suburb for enlightenment purposes!

OUG, sorry, I refuse to respond to riddles.

DD, the house I was referring to was in the pine shire and was high and dry, and my own live in home.

I was actually ripped off by my boss and paid far too much, but it was worth $39K. I sold it in 1990, 8 years later for $90K. Today, some 32 years latter it would be worth about mid 300's, not the $80 odd K as suggested.

As for the gurus I mentioned, it was mentioned on the radio a few days ago that houses double every 30 years. The author also says the same.

These people are so out of touch with reality.

@diver dan, Saturday, 12 July 2014 11:18:30 AM

By coincidence or perhaps not, the last three young women who cut my hair were all buying their own homes with their menfolk. All were taking advantage of the very competitive prices for quality, no glitz but definitely not cheap build, two bedroom apartments within 5 km of the cbd. That is better than I had first up and I was in a permanent, better job and better trained. Good for them!

A casual friend who lives not far from me has over twenty years amassed a substantial portfolio of inner city apartments, yet she is a casual security officer for well-known retailer and lives in a modest two bedroom apartment in the suburbs. Single income.

However diver dan you must imagine they do it by luck.

Maybe others can see where your self-limiting beliefs, or is it lack of discipline, could be holding you back. Do you work?

A friend sold a 3 bed high set quite pleasant house near Beenleigh just 15 years ago for $33,000. Market value today about $233,000.

Another bought a house near Nerang, a really nice 3 bed double garage home about 10 years ago for $145,000, & sold it 3 years later for $350,000. It would be worth exactly the same today.

Real estate goes in waves, pick the bottom & you do very well. My property stayed at exactly the same value for over 12 years, then tripled in 3 years. All that means to me of course, is that the council feel that justifies in quadrupling my rates about every 5 years.