During our recent vacation in Perth, we dropped by to visit our relative’s family who had been staying there for longer than a decade. They lived in a nice southern suburb 20 minutes’ drive from the Perth CBD. It was a quiet and friendly neighborhood with residents from middle or upper middle class. The houses were all single-storey detached with big front yards and back gardens. Drove around the area and you could find parks, playgrounds and a small shopping centre with a supermarket and McDonalds. Above all, it’s near a prestigious secondary school. The built-in area of my relative’s house was approximately 3,000 sq ft. It’s spacious, bright and cozy. They bought it at over $300,000 and market value has since increased to $650,000. “Our house is old and nothing to see. Let me show you the brand new ones. It’s just five minutes’ drive away.” A home ......