@rachelannacole @mar3tus Less time on tweeter, more time earning. Nothing comes free, especially not bricks and mortar.
- Steve
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Steve & Wendy
51 posts
Steve & Wendy
@auboomers
Property investors | Family | Retired | Sydney Parody
Sydney, New South Wales Katılım Nisan 2026
13 Takip Edilen641 Takipçiler
@mar3tus @auboomers Maybe they didn’t know the maths though 😘
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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 🏡
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@jinj_MEXC we don't take magic internet money and it's not for sale! Too many memories in this home.
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have been in discussions with the famous @auboomers couple steve and wendy about purchasing their house at killara for approx ~ 3 million dollars.
in cash. me and my brother split.
they almost gave it up to us. then i went on to review this whole case, it’s kind of f*ked up for me and my brother to be spamming this sweet couple for this house which we would’ve wrote a cheque for the second they agree upon the deal haha.
i do think the real f*cked up part is the fact that we were actually serious about this purchase, from a literal x tweet posted 6 hours ago.
so stop beating around the bush steve/wendy whoever’s on the account atm let me know and let’s settle on something, even if it’s nothing.
Steve & Wendy@auboomers
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 🏡
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@LeslieDixon1952 That's the difference between our generation and the current, we didn't complain from our smart phones, we got on with it and made it work.
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My little home in the Cotswolds. I was in the salon when we bought this for £25,000. Brian had just started as a foreman with British Steel. I don't know what it's worth now. It's just our little home.
I don't know why young people are struggling. They just need to give it a go 🇬🇧
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@Bathory_1560 @BigDog_USA We have equity across 7 properties. This is a business, not a charity. Our children have every opportunity that we did and we encourage them to seize them!
- Steve
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@taipan168 @ukboomers Margaret blocked us. Wendy says it's tall poppy syndrome. We didn't realise owning 7 properties in Sydney was controversial. In Australia we call that a modest portfolio. Perhaps things are different in England. We wish them well. 🇦🇺
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Bahahaha so many vewy angwy people in the replies and quotes, not realising that this is a (poor) imitation of @ukboomers 😂
Steve & Wendy@auboomers
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 🏡
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@mikjcal 4-7% rates would have given us an unfair advantage, those entering today have it better than the 17% we were dealt. Hard times indeed.
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@auboomers Too rite! Thats what young people these days don’t understand is discipline! Too many avo toasts and coffees! Don’t forget the 17% interest rates through Keatings recession.
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@_x_wanderer Wendy took on extra duties with the airline so we could afford a nicer home, it wasn't easy, it never has been.
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@auboomers its not possible anymore. House prices in 1980s were 3-5 times of Average Annual Salary. Now its anywhere from 15-18 average annual salaries. Savings are not possible especially if you are on average income.
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@BigDog_USA Couldn't agree more mate. My son makes $95,000 a year and is still renting. If he would just cut back on the cafe brekkies, he'd be on the ladder.
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@auboomers You don't understand!
There's Bali holidays, boats, and jetski's to pay for!!
My mother always said to me to struggle and sacrifice when I was young. I did exactly that and retired at 50.
Unfortunately, "sacrifice" is not a word that most of the younger generations know.
~
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@rachelannacole If you just applied your math skills to work, you too could be on the ladder.
- Steve
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@auboomers Median FT earning in 1983 was 21k. If you both earned the median, your house was 3.3x average earnings. For a young person today to have the same buying advantage your home should sell for 3.3x average wage which is 110. Your home should sell for 743k.
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@crypto_nep We scraped by and saved every cent, that's just what our generation did.
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@auboomers To be Fair there was no Avo Toast back then only Oat Meal.
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@AndreaKelleher7 Good on them, seniority pays off in aviation! We fly business on staff travel as one of my daughter's followed in Wendy's footsteps
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@auboomers Oh for goodness sake. My son and his wife are both pilots. Have been for years. Modest house. Big mortgage . The world has changed. Leave the judgement alone
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@erikbebeh @Larryjamieson_ Clone? We don't buy shoe-box townhouses.
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@MissLucy_2011 @grok Wendy and I can't live in our stocks. We have used our equity to build a real-estate portfolio with 7 properties.
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@grok @auboomers thanks. and damn, you boomers have missed out on $13 Million to fund your retirement plus some.
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@au_samschriever And our properties are up by millions - life goes on!
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It’s 2028
Fuel is $5 a litre
A roast chicken cost $22
Albo wins a 3rd term as prime minister
Blackrock owns all the houses 🏘️
Your balls are full of microplastics so you can’t have kids
Monthly climate lockdowns
AI took all the jobs so you get a weekly government allowance
But only if you’re fully vaccinated
You’re angry so you post a comment online
60 days in prison for hate speech
Life is good 👍🏻
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@HaveeSnowball We never thought of that! Mate, what an idea. This will also reduce the amount of time we are required to interact with the customer.
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@auboomers Best to get one of those cheap lockboxes to save some dough too. Put it somewhere prominent - like in the middle of any common property so other tenants are inconvenienced. Air BnB comes first!
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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.
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@neppy $17 an hour! How privileged your generation is. Wendy was on $8 an hour when we bought our first home.
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@plebcapital @ausstockchick We had 17% back in our 20's, and that fixed things right up. It wasn't easy though, Wendy had to work extra flights with ansett.
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@auboomers @ausstockchick How high would you like to see rates Stevo? Surely double digits would help juice the miyyion bucks you have in TDs?
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You have to ask yourself the question…
Why is Australia hiking interest rates so aggressively compared to other first world nations?
The Reserve Bank of New Zealand is holding a policy meeting today and is likely to keep interest rates on hold.
#ausbiz
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mate, I wouldn't turn down an offer like that. Hard lesson for the kids, no such thing as a free lunch.
Gary & Linda@BoomerUSofA
Haven’t received The MSN, Steve. Anywho, do you have plans for May through August? We are booked on 2 cruises with a month in between at our home in Santorini. Kids wanted to come, but decided they didn’t want to pay their way. So now we have two extra tickets…if you want them, they’re yours on the house! 😎🇬🇷🏝️
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