Property investors | Family | Retired | Sydney
Sydney, New South Wales
Joined April 2026
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Zero bidders at the auction for our $1.85 million Queensland investment property today.
Honestly, what's wrong with young people? No grit, no commitment and no willingness to make sacrifices to build a life. We bought our first place with 17% interest rates and hard work.
Apparently a tidy family home in a desirable area is "overpriced" now. Entitled generation.
We love @DaveRamsey and often suggest to our son to watch some of his videos. Cutting back on the streaming can help build a deposit for a home, every cent counts
My boomer mom’s house appreciated $600,000 in 22 years.
She didn’t invest. She didn’t grind. She didn’t “build multiple income streams.”
She just bought a house in 1998 and waited.
Last week she sent me a Dave Ramsey video about cutting subscriptions.
I cancelled Netflix.
My rent went up $300 the same week.
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Wendy and I upgraded to a balcony suite this year. The reverse mortgage has been an absolute game changer. Our oldest isn't thrilled about it but as I said to him, mate, it's our money, you can't take it with you. He said that's exactly the problem. Not sure what he meant by that 🏠🇦🇺
We've had to convert two of our investment properties into NDIS housing. Better returns and the government guarantees the rent. Had to ask the tenants to leave unfortunately. Lovely young couple, just had a baby, but this is a business not a charity. Wendy felt terrible about it, she sent them a Bunnings gift card 🇦🇺
He wants one logical answer. Here it is. Stop renting and buy. We did it on $41,500 combined in 1983. The median Australian earns double that now. Twice the income and somehow worse off? I'd be looking at the lifestyle before I blamed the system 🏡
Wendy's advice to everyone in our comments; spend less time on Twitter, and you too might just afford bricks and mortar 🏡
Wendy and I bought our home in Killara in 1983 for $118,000. She was flying with Ansett, I was at the bank. We saved the deposit in just under two years. The agent reckons it's worth about $3.2 million now but we'd never sell, too many memories. I don't understand why young people say it's impossible. We weren't on big money. We just had discipline 🏡
Wendy and I bought our home in Killara in 1983 for $118,000. She was flying with Ansett, I was at the bank. We saved the deposit in just under two years. The agent reckons it's worth about $3.2 million now but we'd never sell, too many memories. I don't understand why young people say it's impossible. We weren't on big money. We just had discipline 🏡
We chose to not renew the lease with our tenants on our 7th investment property because we have discovered that we can list this property on AirBnB and earn over 2.5x more than the rental income.
Property is the asset that never stops giving.
The price of realestate is a testament to how strong the Australian economy is.
- Steve
#auspol
Nobody gave us a 5% deposit scheme. We saved every cent ourselves while raising three children, paying off the mortgage, and managing our investment properties entirely on our own. The pool maintenance alone costs us $400 a month.
We're not complaining. We just get on with it. That's what our generation did.
48,000 non citizens purchased houses using the 5% deposit scheme.
I just don’t know what to say anymore.
#auspol
