▲ 45 r/chessbeginners
<500 elo pre moves are something else
Even if I had taken with pawn I can't see how this is a good move.
u/SuccessfulCat2195 — 13 hours ago
u/SuccessfulCat2195
▲ 10 r/AusFinance
The Australian released the below recently, showing Sydney growing at 24% over the past five years.
If I go to https://www.rba.gov.au/calculator/ and look at the total change inflation from March 2021 to March 2026, it gives me a total change of 24.2%.
Based on this Sydney's real gains are flat vs. purchasing 5 years ago and Melbourne has dropped significantly in real terms.
What I'm struggling to understand is if this actually matters: has Sydney property been a poor investment over the past 5 years or not?
My understanding is that if you borrowed to purchase said property, it has been a good investment as your deposit was leveraged to see a large gain across the entire value of the property.
As for "inflating the debt away", that requires your wage to increase as a result of inflation too, otherwise you're just paying the bank more as a result of higher interest rate repayments.
The alternatives aren't great either, as this level of inflation is hitting everything. Holding cash is obviously terrible, even in a HISA.
Hoping someone with greater knowledge than me can help me understand. Thanks.
u/SuccessfulCat2195 — 19 days ago