Well, it's an interesting topic.
We are looking at pulling up stumps in 3-4 years and migrating north. Spent a week up Ulladulla way in Febuary and can certainly see myself
living around there, not as hot as Queensland, not as cold as here, water nearby, very enticing.
Can you make more money investing in property, or compounding !
Probably could both ways, everyone has a different mind set or disposable income to throw at either.
I bought my first house, 36 year ago, had 2 mortgages, borrowed most appliances from family and friends and had a clapped out holden which
I couldn't afford the petrol for a full 5 days, so cycled at least one day some 8 mile each way. Wife back then stayed at home to be with the kids.
So is there really a difference in then and now ? I was earning about $130 odd dollars a week, first house cost $ 38000, do the math.
It comes down to, A certain time in the beginning, ya got to do it tough to get a foot in. Population increase has meant proximety has probably changed where you could live relatively close to where you were bought up, now there's more of a distance apart.
But I certainly wouldnt want to be starting out again,,, but believe me, we done it real tough in the first 5-6 year.
About 15 year ago,Superannuation, I realised, wasn't going to do it for me, remember for alot of us, it wasn't around when we started work, So I decided to concentrate on realestate. With out going into detail, we bought, renovated ourselves, sold, and so on, in just over 15 years of bloody hard graft, a recession, and some good buying choices ( some by luck) we got to where we are now, much more than I ever could of achieved pumping my money into shares or super. this will give us the lifestyle we both wanted when we finally pull up stumps in 3 or 4 years.
My pet gripe, and one that will generally get me fired up, is when people look at what we have and say, " your lucky" look at what you've got ! Well, I've worked "F in" hard for what I've got, still doing 6 days a week, while the ones saying I'm lucky sit on there fat arses all weekend and complain about why they aren't getting ahead, and just a side note, most of them earn far more than we do, they just have to have the latest car, latest appliances, overseas every year etc etc. We've travelled a fair bit, as well, and enjoyed ourselves along the way.
There's still plenty of good opportunities in this country to have a crack at what ever you want, be it property investing, share market investing, going into your own small business etc etc, it's up to you ! And maybe some people are just plain happy to retire in there own house, live off there super and pension and enjoy there retirement, every ones different, NO ONE is right or wrong in what ever path they decide to take and sometimes these changes happen a lot later in life when children and mortgages are not such a hinderence.
Just my perspective on things......