Trixy

Yeah, but you really don't know one single example, do you? Not one.

renth

Well, I suspect a few people I know but I'd never ask them "where did you get the money for that?" too rude.

Don't you remember the Crimminwealth Bank TV advert where the neighbour asks the bloke where he got the cash for the new boat on his driveway "Equity Maaate!" was the answer. - so it was pushed pretty hard for a long time here

Trixy

I remember the adds with the grandmum carrying a brick around in her purse too, but I know not of one grandmum who was crazy enough to re-mortgage her home for a bratty gandkid, lol.

>Trigger<

The same Boat/jetski (insert toy here) will be for sale on the council strip by the weekend!

cresta57

There's plenty of bread & jammers out there now: nice house, nice estate, nice car, no cash left to eat anything but bread & jam.
12 year high & forecast to go up again a couple of times this year. Good news if you've got a nice wad in the bank.

tictac

I often get the impression that a lot of Australians find wealth a relatively new concept and that they are completely unable to handle it - rather like young English premiership footballers who, having become rich overnight, splash their cash on sports cars, Range Rovers, huge plasmas, oversized mansions etc.

This supposed 'novelty of wealth' is particularly noticeable in Brisbane where I guess that up until a few years ago, prior to the mass immigration and rising popularity of the place, Brisbane was perceived as a country town full of rednecked banjo players as opposed to the wealthy, up and coming, cosmopolitan city it is, or is striving to be, today.

It makes me chuckle whenever I read or hear of any anti-pom (or any other immigrant) sentiment as I wonder where Brisbane would be without them.

tictac

That's the last time we invite you round for dinner

cresta57

Oh don't be like that, I actually like Apricot jam just not the cheapo stuff you bought from The Warehouse

Kooky.

I'm afraid we're the opposite - eat well, travel, and party hard, six years down the line we have no assets apart from a small profit I made on my house five years ago. Some bloody good memories but time to settle down a bit, I guess.

moneypenny20

And how many were just having a harmless day out, wishing and dreaming and knowing full well it was a non starter?

tictac

There would be a fair few of those for sure, but as a vendor I'd be expecting rich pickings from Brisbane's nouveau riche.

Vim Fuego

nouveau riche, la-de-dah!

Do they have Ferrero Roche parties?

NickyC

I personally get the impression that a lot of Brits find wealth a relatively new concept and that they are completely unable to handle it. How many newly arrived poms think they've become rich overnight, splash their cash on 4WDs, huge plasmas, oversized mansions, big boats etc. I could name quite a few posters on this forum - some of whom then whinge because they have to pay for child care or a little more on lettuce than they're used to.

Australians are no different to the average Brit. Some spend every cent they've got and some don't. I would venture to say that a lot more Australians will re-mortgage their house to release equity in order to buy an investment property (so all you new migrants have somewhere to live when you arrive) than release equity to blow it on plasmas and boats.

tictac

...with Dido playing in the background

Vim Fuego

and a Dildo on the table ... oh no, not THOSE parties ...