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Salary : House prices ratiospudsta [11 Posts] Hello all, Im new to investing and i have been reading as much as i can about real estate but i have a problem. Because all the books i have found are even 2 years old, the information is outdated. Like Steve's book. It mentions buying property for 40,000 in 2003. Now i have found the average salary in 2003 was about $40,000 for australia (varies in areas of course). Now its a few years on and salaries have not increased that much (couldnt find statistics but on what the average person earns its about the same) but property is much higher. Am i wrong? Have salaries increased along with property or has property had a large leap recently and salaries have not? Thanks all |
User loginActive forum topicsIngham Chickens Author: salacious Newbie - Looking to invest in US with $120k to spend Author: angelarose Recent blog postsHSBC anticipates more cuts to cash rate Author: SteveMcKnight 'Modest easing' recorded in house prices Author: SteveMcKnight Join Our Facebook CommunityWho's onlineThere are currently 0 users and 195 guests online. Today's TipNothing down deals are common... but finding a nothing down deal that makes money
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