Australia housing bubble

[Mont5.0]

Originally Posted by leesa

That's a huge benefit that most people don't get though. 45 minutes each way would probably be a tank a week so maybe $80/week and then parking costs to park at work for the day, rego $900/year, insurance let's say $800, I won't including servicing. That's at least $6000/year you're saving that the average person isn't, not including parking costs as it's such a variable.

For every person that I ask how they managed to get into the housing market, there always seems to be one big factor or lucky break in their lifestyle. Like they got to live rent-free at home while they saved a deposit, or they got an inheritance, or they have a company car which frees up their own money.

I'm not disputing that you had to have worked hard to get your house but if you had that company car back when you first got your house... that's a massive advantage that the average person doesn't get.

You do realize a company car is part of your "package".
It used to be worth the equivalent of 15-18k per year.