What Is 'Cheap' In Australia Compared To The UK?
#91
BE Enthusiast
Joined: Nov 2011
Posts: 335
Re: What Is 'Cheap' In Australia Compared To The UK?
Had a chat with a 70 year old neighbour on the weekend who has paid off his mortage on his property which is now worth 1.3 million. Unfortunately for him his Super was gobbled up by the financial crisis and he only has about 4 years of it left. So here's a guy who has lived in the same house for 40 years, paid it off 15 years ago, has 1.3 million at his disposal should he want to cash it in, and may need to do so just to put food on the table.
I too would like to buy, not that I can't afford it, I just don't think its the right thing to do right now.
On top of that, every time I go for a loan calculator I'm presented with this image.
I too would like to buy, not that I can't afford it, I just don't think its the right thing to do right now.
On top of that, every time I go for a loan calculator I'm presented with this image.
#92
Re: What Is 'Cheap' In Australia Compared To The UK?
we were going to rent somewhere else in Sydney recently.
Cost of renting a 2 bed house in Drummoyne/Five dock = 690-720 a week.
we compromised on house vs unit and bought a 3 bed flat in eastern suburbs. it was about the same monthly price. silly not to I think.
#93
Lost in BE Cyberspace
Joined: May 2006
Posts: 6,600
Re: What Is 'Cheap' In Australia Compared To The UK?
So fuel then is the general consensus?
What about things like TV packages (Like Sky) NO, Broadband/Internet NO, Gym Membership err . . . NO, Clothes definitely NO, Electronics NO, Gigs/Concerts Tickets NO, Cinema Tickets refer to previous answer, Mobile Phone Contracts NO, CD/DVD's/Blurays/Games etc etc erm . . . NO, trying to think of everything lol
Is there even any Aussie 'pound shop' equivilants?
LMAO!
What about things like TV packages (Like Sky) NO, Broadband/Internet NO, Gym Membership err . . . NO, Clothes definitely NO, Electronics NO, Gigs/Concerts Tickets NO, Cinema Tickets refer to previous answer, Mobile Phone Contracts NO, CD/DVD's/Blurays/Games etc etc erm . . . NO, trying to think of everything lol
Is there even any Aussie 'pound shop' equivilants?
LMAO!
I would say that everything, excluding 'memory foam' matresses bizzarely enough, is more expensive in Aus.
Last edited by spartacus; Nov 21st 2011 at 4:55 am.
#94
Re: What Is 'Cheap' In Australia Compared To The UK?
when rent < mortgage, and you can invest the difference elsewhere then its not necessarily a bad thing.
we were going to rent somewhere else in Sydney recently.
Cost of renting a 2 bed house in Drummoyne/Five dock = 690-720 a week.
we compromised on house vs unit and bought a 3 bed flat in eastern suburbs. it was about the same monthly price. silly not to I think.
we were going to rent somewhere else in Sydney recently.
Cost of renting a 2 bed house in Drummoyne/Five dock = 690-720 a week.
we compromised on house vs unit and bought a 3 bed flat in eastern suburbs. it was about the same monthly price. silly not to I think.
I'm in my late '40s and I virtually own my home - and will do within 2 years.
Last edited by Amazulu; Nov 21st 2011 at 5:01 am.
#95
Re: What Is 'Cheap' In Australia Compared To The UK?
Also depends what areas you want to live when you are younger. you most than likely cant afford to buy in inner city locations, but can easily rent there (house share or whatnot).
its all about being smart with what is avaialable to you and just takes planning/discipline.
#96
BE Enthusiast
Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: What Is 'Cheap' In Australia Compared To The UK?
I've already done that in my 30's so it's no big deal just buying before a boom hits will cover it for you or waiting until one collapses and house prices do seem to be drifting down in Australia these days.
#97
Re: What Is 'Cheap' In Australia Compared To The UK?
no, but there are other ways to make money too. you can then use that to buy property in retirement.
Also depends what areas you want to live when you are younger. you most than likely cant afford to buy in inner city locations, but can easily rent there (house share or whatnot).
its all about being smart with what is avaialable to you and just takes planning/discipline.
Also depends what areas you want to live when you are younger. you most than likely cant afford to buy in inner city locations, but can easily rent there (house share or whatnot).
its all about being smart with what is avaialable to you and just takes planning/discipline.
Each to their own
#98
Banned
Joined: Aug 2008
Posts: 22,348
Re: What Is 'Cheap' In Australia Compared To The UK?
It's a very Anglo Saxon (AKA Pommy) need to own their home
#99
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: What Is 'Cheap' In Australia Compared To The UK?
when rent < mortgage, and you can invest the difference elsewhere then its not necessarily a bad thing.
we were going to rent somewhere else in Sydney recently.
Cost of renting a 2 bed house in Drummoyne/Five dock = 690-720 a week.
we compromised on house vs unit and bought a 3 bed flat in eastern suburbs. it was about the same monthly price. silly not to I think.
we were going to rent somewhere else in Sydney recently.
Cost of renting a 2 bed house in Drummoyne/Five dock = 690-720 a week.
we compromised on house vs unit and bought a 3 bed flat in eastern suburbs. it was about the same monthly price. silly not to I think.
#101
Joined: Sep 2005
Posts: 23,400
Re: What Is 'Cheap' In Australia Compared To The UK?
I know I owe ANZ a piss off huge amount for my mortgage, I know I will be paying it off for yonks.
But I also know that I dont get rent inspections, if I can afford it I can do renovations and put up pictures, drill holes in the wall.
I know the owner is not going to sell it and we have to move out, I know I can keep my dog and cat, I know that if I had the money we could get the survey strata title done with our neighbours - which we will in time, and we can subdivide.
And I know if I sell it, I get the profits, not the bank and at the end of the day, it is more my home than any rental will ever be.
To me that is important, I would rather pay the bank for something I can change/sell/live in than pay the mortgage for someone else to change/sell/live in.
Its my home.
But I also know that I dont get rent inspections, if I can afford it I can do renovations and put up pictures, drill holes in the wall.
I know the owner is not going to sell it and we have to move out, I know I can keep my dog and cat, I know that if I had the money we could get the survey strata title done with our neighbours - which we will in time, and we can subdivide.
And I know if I sell it, I get the profits, not the bank and at the end of the day, it is more my home than any rental will ever be.
To me that is important, I would rather pay the bank for something I can change/sell/live in than pay the mortgage for someone else to change/sell/live in.
Its my home.
#102
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: What Is 'Cheap' In Australia Compared To The UK?
Car insurance for some might be cheaper but not for us, especially when you take into account the CTP and rego so you are paying 2 lots of insurance.
Petrol definitely cheaper but not much else really.
Petrol definitely cheaper but not much else really.
After seeing so many threads about Oz being so expensive, its bound to be cheaper for some certain things compared to the same in the UK?
So far ive gathered fuel and car insurance is generally cheaper out there?
Im hopefully heading out next year and would be interested in seeing what people have to say on the matter.
Thanks!
So far ive gathered fuel and car insurance is generally cheaper out there?
Im hopefully heading out next year and would be interested in seeing what people have to say on the matter.
Thanks!
#105
Re: What Is 'Cheap' In Australia Compared To The UK?
House prices are what they are and I rarely get involved in their discussion.