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Old Feb 4th 2010, 1:27 am   #31
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Default Re: Housing bubble in Australia

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Originally Posted by Dreamy View Post
Don't you flap about the incorrect use of apostrophes?

Haha. Guilty as charged.
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Old Feb 4th 2010, 1:28 am   #32
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Default Re: Housing bubble in Australia

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Has China recieved its thank you card yet?
I'm sure they have.
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Old Feb 4th 2010, 1:32 am   #33
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Default Re: Housing bubble in Australia

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Originally Posted by ABCDiamond View Post
The following figures show the average existing Australian Home Mortgage in April 2009, against the average Male Full time wage for each State.
  • NT $275,700 equal to 4.12 times Male income of $66,877
  • NSW $283,300 equal to 4.09 times Male income of $69,253
  • QLD $270,800 equal to 4.07 times Male income of $66,518
  • VIC $249,000 equal to 3.72 times Male income of $66,970
  • WA $282,800 equal to 3.48 times Male income of $81,276
  • SA $214,800 equal to 3.40 times Male income of $63,096
  • ACT 261,900 equal to 3.35 times Male income of $78,124
  • TAS $191,700 equal to 3.20 times Male income of $59,872
The average wages are based on ABS figures for each Australian State for February 2009.

The average New Australian Home Mortgage in April 2009 was $344,429

With the new figures just available, this has increased to $349,604 in Jan 2010 for the all Australia figure.

There is good debt and bad debt. How much of that average $56,000 is good debt ? for Long term Investments etc, and how much is bad debt, for holidays, TV's etc.
Over 2/3 of the Australian population live in the cities.

http://www.abs.gov.au/AUSSTATS/[email protected]

Take WA for example: WA average house prices $282,800 (above), Perth average house prices $480,000 (approx). I’m not a mathematician, perhaps you can help ABCDiamond? What would this make the average house price in WA regional areas to be – $100,000?
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Old Feb 4th 2010, 1:33 am   #34
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Default Re: Housing bubble in Australia

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I'm sure they have.
"Its" not "they".
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Old Feb 4th 2010, 1:40 am   #35
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Default Re: Housing bubble in Australia

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Originally Posted by Lord_Farquar View Post
"Its" not "they".
"It" not "Its".

This is a fun game.
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Old Feb 4th 2010, 1:42 am   #36
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Default Re: Housing bubble in Australia

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Originally Posted by MartinLuther View Post
"It" not "Its".

This is a fun game.
Dreamy started it.
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Old Feb 4th 2010, 1:45 am   #37
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Default Re: Housing bubble in Australia

Don't mean for this to come out the wrong way, but obviously depends on where you are looking to buy if you are not picky about a capital city the price drops dramatically - we brought a house and 2 blocks of land 2 years ago for $180,000 and there are 3 bedroom houses on large blocks in our rural town still for sale for well under $150,000 - this is a good option to get on your feet and then build your way up the property ladder
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Old Feb 4th 2010, 1:57 am   #38
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Default Re: Housing bubble in Australia

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Originally Posted by pomtastic View Post
Over 2/3 of the Australian population live in the cities.

http://www.abs.gov.au/AUSSTATS/[email protected]

Take WA for example: WA average house prices $282,800 (above), Perth average house prices $480,000 (approx). I’m not a mathematician, perhaps you can help ABCDiamond? What would this make the average house price in WA regional areas to be – $100,000?
It doesnt state average house price, it states average existing home mortgage.
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Old Feb 4th 2010, 2:05 am   #39
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Default Re: Housing bubble in Australia

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Originally Posted by Lord_Farquar View Post
Dreamy started it.
No. You started it by invading Poland.
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Old Feb 4th 2010, 2:07 am   #40
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Default Re: Housing bubble in Australia

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No. You started it by invading Poland.
Are we heading towards talking about military hardware?
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Old Feb 4th 2010, 2:10 am   #41
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Default Re: Housing bubble in Australia

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Are we heading towards talking about military hardware?
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Old Feb 4th 2010, 3:25 am   #42
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Default Re: Housing bubble in Australia

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Originally Posted by pomtastic View Post
Over 2/3 of the Australian population live in the cities.

http://www.abs.gov.au/AUSSTATS/[email protected]

Take WA for example: WA average house prices $282,800 (above), Perth average house prices $480,000 (approx). I’m not a mathematician, perhaps you can help ABCDiamond? What would this make the average house price in WA regional areas to be – $100,000?
Well, with you using my average mortgage figures in WA and comparing it to the average House price in Perth, I am sure you can come up with any figures you like, even a negative price

However, on the subject of Perth prices, the ABS (6416.0 House Price Indexes: Eight Capital Cities) show Perth median prices as:

$455,000 Mar-2008
$445,000 Jun-2008
$432,000 Sep-2008
$420,000 Dec-2008
$430,000 Mar-2009
They haven't finalised June 2009 or beyond yet,
 
Old Feb 4th 2010, 3:30 am   #43
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Default Re: Housing bubble in Australia

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Originally Posted by ABCDiamond View Post
Well, with you using my average mortgage figures in WA and comparing it to the average House price in Perth, I am sure you can come up with any figures you like, even a negative price

However, on the subject of Perth prices, the ABS (6416.0 House Price Indexes: Eight Capital Cities) show Perth median prices as:

$455,000 Mar-2008
$445,000 Jun-2008
$432,000 Sep-2008
$420,000 Dec-2008
$430,000 Mar-2009
They haven't finalised June 2009 or beyond yet,
GOTCHA!! I thought those figures were very odd but now makes complete sense. Duuuurrrrrrrr.
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Old Feb 4th 2010, 5:12 am   #44
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Default Re: Housing bubble in Australia

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Originally Posted by Lord_Farquar View Post
Dreamy started it.
You did with your interesting apostrophe

I, on the other hand, have single handedly cured the Bush Fire threat in the Blue Mountains area.
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Old Feb 4th 2010, 5:57 am   #45
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Default Re: Housing bubble in Australia

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You did with your interesting apostrophe

I, on the other hand, have single handedly cured the Bush Fire threat in the Blue Mountains area.
With a chainsaw?
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