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Its not about the 15 dollar profit now, its about what it can become, in five years time that properties income will fuel another and probably double what you pay today. I wished I had the money to do it at 19. Because at 19 I had the foresight you had, i even knew where I wanted to buy if i had the money, but commitments like school / uni etc, but with no money – it was a ball breaker. Today I looked back, had I done so, I can retire before i even hit 30. Sadly I had to start at 24. and now retirement age seems another 10 years further.
I used to study a subject that talks about what money is worth tomorrow. Simple really, a dollar today is worth more than a dollar tomorrow. Start early…
Maylands, near to the CBD, has potential like Vic Park