20% deposit needed to buy a house from oct
#241
BE Enthusiast
Joined: Jan 2012
Location: St Albans, Christchurch
Posts: 586
Re: 20% deposit needed to buy a house from oct
So why don't you collate all this information from this thread and put together a sticky on Auckland housing/living costs? I don't disagree with the majority of your posts Davros.
Putting your experience and knowledge into a useful article is more constructive IMO.
Putting your experience and knowledge into a useful article is more constructive IMO.
#242
Re: 20% deposit needed to buy a house from oct
I agree, a thread about the costs of living in Auckland would be very helpful and I alo agree with what Davros writes. We lasted only 11 and half months in Auckland due to the fact we didn't stand a chance of ever buying a good property.
#243
Re: 20% deposit needed to buy a house from oct
I agree too. The high housing cost in Auckland were among the reasons why we left. It is important to point it out again and again.
#244
Re: 20% deposit needed to buy a house from oct
It is important to make people aware of the housing costs who are hoping to make a new life in NZ. NZ has a way of hiding their problems from the outside world when other countries are more transparent about theirs.
All countries have problems, the UK having their fair share too. Luckily housing is affordable where I live. Someone mentioned on an earlier post that they would not leave a country simply because they couldn't afford property there. It was one of the reasons for us leaving. I didn't want to spend the rest of my days renting and being at the mercy of my landlord. Will we get our notice? Will the rent increase? Is he ever going to fit heat pumps or any source of heating? We were not allowed to fit smoke alarms. A part of the settling in process for us included having our own home. Somewhere to call our own. Somewhere to pass on to my daughter. It is very important for a lot of people. That is why I strongly agree with what Davros is posting.
All countries have problems, the UK having their fair share too. Luckily housing is affordable where I live. Someone mentioned on an earlier post that they would not leave a country simply because they couldn't afford property there. It was one of the reasons for us leaving. I didn't want to spend the rest of my days renting and being at the mercy of my landlord. Will we get our notice? Will the rent increase? Is he ever going to fit heat pumps or any source of heating? We were not allowed to fit smoke alarms. A part of the settling in process for us included having our own home. Somewhere to call our own. Somewhere to pass on to my daughter. It is very important for a lot of people. That is why I strongly agree with what Davros is posting.
Last edited by pippalonghorn; Aug 29th 2014 at 1:25 pm.
#245
Forum Regular
Joined: Jun 2014
Posts: 37
Re: 20% deposit needed to buy a house from oct
I enjoy reading this forum and have visited NZ and looked deeply into moving over there, I am highly skilled and have been offered work/jobs when I have visited, I am also young enough and confident enough I wouldn't have a problem getting the correct visa.
I also enjoy reading davros's posts, he doesn't dress the truth up, whilst I agree NZ is a beautiful place and has some stunning views, this doesn't pay a NZ$500,000 mortgage on a wooden shack.
I still can't get over how mis-sold the Christchurch rebuild is, false promises of high wages, plenty of work and a good standard of living.
Buying a house in the UK is do-able, 12 months of hard saving, buy a property and scrape through the next 12 months until you find your feet and crack on with life, to me NZ seemed to offer a few years of hard, hard saving, buy a property and live hand to mouth for a long time.
Unless you had a big wage coming in, NZ gave the impression you'd be forever watching the $'s if you were lucky to get on the ladder.
It will be mixed for everyone, for me, I went, I saw, I didn't like, got bored and couldn't afford to keep myself occupied, housed and fed.
Keep posting davros1984
Builder UK
I also enjoy reading davros's posts, he doesn't dress the truth up, whilst I agree NZ is a beautiful place and has some stunning views, this doesn't pay a NZ$500,000 mortgage on a wooden shack.
I still can't get over how mis-sold the Christchurch rebuild is, false promises of high wages, plenty of work and a good standard of living.
Buying a house in the UK is do-able, 12 months of hard saving, buy a property and scrape through the next 12 months until you find your feet and crack on with life, to me NZ seemed to offer a few years of hard, hard saving, buy a property and live hand to mouth for a long time.
Unless you had a big wage coming in, NZ gave the impression you'd be forever watching the $'s if you were lucky to get on the ladder.
It will be mixed for everyone, for me, I went, I saw, I didn't like, got bored and couldn't afford to keep myself occupied, housed and fed.
Keep posting davros1984
Builder UK
#246
Life is what YOU make it.
Joined: Oct 2009
Location: Christchurch
Posts: 3,312
Re: 20% deposit needed to buy a house from oct
We lived in Leamington Spa Warwickshire and moved out to Kenilworth for a quieter life. Property prices were a little cheaper in Kenilworth as it is nearer to Coventry City but still this is not London or anywhere near a big wage centre, but...
Detached properties sold for an average price of £431,367, while terraced properties fetched £232,516. Kenilworth, with an overall average price of £286,966 was more expensive than nearby Finham (£210,637), but was cheaper than Leek Wootton (£507,111) and Stoneleigh (£459,286).
There are obviously cheaper areas to live in the UK but this is the price bracket we were used to so buying a NZ stone built detached bungalow in Chch for less than £220k we are more than happy with. The lifestyle that goes with it is a bonus.
Detached properties sold for an average price of £431,367, while terraced properties fetched £232,516. Kenilworth, with an overall average price of £286,966 was more expensive than nearby Finham (£210,637), but was cheaper than Leek Wootton (£507,111) and Stoneleigh (£459,286).
There are obviously cheaper areas to live in the UK but this is the price bracket we were used to so buying a NZ stone built detached bungalow in Chch for less than £220k we are more than happy with. The lifestyle that goes with it is a bonus.
#247
Re: 20% deposit needed to buy a house from oct
Thank you all for the support and great additions.
Stormer - your point is valid and its not to highlight that everywhere in the UK is affordable, certainly it isn't and is one of the reasons we initially left the UK as we thought the UK wasn't affordable! Oh what a sea change going to NZ brought about. However there are plenty of affordable areas in places that are easy to commute from, I can be within a 25 minute commute of the city centre where I am now and buy a 3-bed Victorian property for 115-120K GBP! Incredible.
As for Leamington Spa (LS) - a very posh and affluent area (Something NZ doesn't have a lot of), LS is somewhere that I wouldn't dream of being a first-time buyer place. . Not all of us wish to buy big detached properties, its very much a case of getting an affordable 2-3 bed semi and getting on the ladder, something that NZ (primarily Auckland focused) lacks. Its the first-time buyer market where in my view there is a clear difference.
I do know that within an hour of London where yes I could certainly earn 2-3 times what I earned in Auckland, I could easily buy a 3-bed semi in the low 200's. Trying to do that in Auckland, just no! But NZ taught me that certainly there is more to life than money and impressing others by how much your house is worth, hence why I left Auckland and have avoided London and the immediate South-East region.
Builder UK - sorry to hear your story, but hey - you gave it a go and regardless of the final outcome you must still be stoked that you did it and tried something else!
Mark Smith - this is something I may do, although give me some time to settle into my new life first alright?
Stormer - your point is valid and its not to highlight that everywhere in the UK is affordable, certainly it isn't and is one of the reasons we initially left the UK as we thought the UK wasn't affordable! Oh what a sea change going to NZ brought about. However there are plenty of affordable areas in places that are easy to commute from, I can be within a 25 minute commute of the city centre where I am now and buy a 3-bed Victorian property for 115-120K GBP! Incredible.
As for Leamington Spa (LS) - a very posh and affluent area (Something NZ doesn't have a lot of), LS is somewhere that I wouldn't dream of being a first-time buyer place. . Not all of us wish to buy big detached properties, its very much a case of getting an affordable 2-3 bed semi and getting on the ladder, something that NZ (primarily Auckland focused) lacks. Its the first-time buyer market where in my view there is a clear difference.
I do know that within an hour of London where yes I could certainly earn 2-3 times what I earned in Auckland, I could easily buy a 3-bed semi in the low 200's. Trying to do that in Auckland, just no! But NZ taught me that certainly there is more to life than money and impressing others by how much your house is worth, hence why I left Auckland and have avoided London and the immediate South-East region.
Builder UK - sorry to hear your story, but hey - you gave it a go and regardless of the final outcome you must still be stoked that you did it and tried something else!
Mark Smith - this is something I may do, although give me some time to settle into my new life first alright?
Last edited by davros1984; Aug 29th 2014 at 9:17 pm.
#248
BE Enthusiast
Joined: May 2007
Location: Western Sydney For Now
Posts: 434
Re: 20% deposit needed to buy a house from oct
Thank you all for the support and great additions.
Stormer - your point is valid and its not to highlight that everywhere in the UK is affordable, certainly it isn't and is one of the reasons we initially left the UK as we thought the UK wasn't affordable! Oh what a sea change going to NZ brought about. However there are plenty of affordable areas in places that are easy to commute from, I can be within a 25 minute commute of the city centre where I am now and buy a 3-bed Victorian property for 115-120K GBP! Incredible.
As for Leamington Spa (LS) - a very posh and affluent area (Something NZ doesn't have a lot of), LS is somewhere that I wouldn't dream of being a first-time buyer place. . Not all of us wish to buy big detached properties, its very much a case of getting an affordable 2-3 bed semi and getting on the ladder, something that NZ (primarily Auckland focused) lacks. Its the first-time buyer market where in my view there is a clear difference.
I do know that within an hour of London where yes I could certainly earn 2-3 times what I earned in Auckland, I could easily buy a 3-bed semi in the low 200's. Trying to do that in Auckland, just no! But NZ taught me that certainly there is more to life than money and impressing others by how much your house is worth, hence why I left Auckland and have avoided London and the immediate South-East region.
Builder UK - sorry to hear your story, but hey - you gave it a go and regardless of the final outcome you must still be stoked that you did it and tried something else!
Mark Smith - this is something I may do, although give me some time to settle into my new life first alright?
Stormer - your point is valid and its not to highlight that everywhere in the UK is affordable, certainly it isn't and is one of the reasons we initially left the UK as we thought the UK wasn't affordable! Oh what a sea change going to NZ brought about. However there are plenty of affordable areas in places that are easy to commute from, I can be within a 25 minute commute of the city centre where I am now and buy a 3-bed Victorian property for 115-120K GBP! Incredible.
As for Leamington Spa (LS) - a very posh and affluent area (Something NZ doesn't have a lot of), LS is somewhere that I wouldn't dream of being a first-time buyer place. . Not all of us wish to buy big detached properties, its very much a case of getting an affordable 2-3 bed semi and getting on the ladder, something that NZ (primarily Auckland focused) lacks. Its the first-time buyer market where in my view there is a clear difference.
I do know that within an hour of London where yes I could certainly earn 2-3 times what I earned in Auckland, I could easily buy a 3-bed semi in the low 200's. Trying to do that in Auckland, just no! But NZ taught me that certainly there is more to life than money and impressing others by how much your house is worth, hence why I left Auckland and have avoided London and the immediate South-East region.
Builder UK - sorry to hear your story, but hey - you gave it a go and regardless of the final outcome you must still be stoked that you did it and tried something else!
Mark Smith - this is something I may do, although give me some time to settle into my new life first alright?
I am also very happy for you in being happy in the UK but the truth is that for many people the UK is far from ideal and what suits one does not suit another. It is also a fact that trying to buy housing anything like an hour from the centre of London is a dream for most people, at least for those wanting any sort of life outside of work.
PS
I wouldn't class Leamington Spa as "a very posh and affluent area" whilst it is wealthy and certainly for the more comfortable in the wallet.
#249
Re: 20% deposit needed to buy a house from oct
It is also a fact that trying to buy housing anything like an hour from the centre of London is a dream for most people, at least for those wanting any sort of life outside of work.
Last edited by davros1984; Aug 30th 2014 at 12:54 pm.
#250
Lost in BE Cyberspace
Joined: Jun 2005
Location: In a large village called Auckland
Posts: 5,249
Re: 20% deposit needed to buy a house from oct
I used to think that it was a hard slog and dreamed of better things..........so I moved to Auckland..............
People really do need to be very careful what they wish for: whoever would have thought I would look back fondly on those days of sitting on that train, reading my book and gazing out of the window.
#251
BE Enthusiast
Joined: May 2007
Location: Western Sydney For Now
Posts: 434
Re: 20% deposit needed to buy a house from oct
Funny that, for the fifteen years prior to moving to Auckland I lived in a house that was ten minutes walk from a railway station: I walked to the station got on a train at 8.20am and arrived at London Bridge for 8.45am . A further ten minute walk and I was in the office for a 9am start. If I wasn't going out in town after work then I quite often got a lift home and either way train or car, I was home before 6pm.
I used to think that it was a hard slog and dreamed of better things..........so I moved to Auckland..............
People really do need to be very careful what they wish for: whoever would have thought I would look back fondly on those days of sitting on that train, reading my book and gazing out of the window.
I used to think that it was a hard slog and dreamed of better things..........so I moved to Auckland..............
People really do need to be very careful what they wish for: whoever would have thought I would look back fondly on those days of sitting on that train, reading my book and gazing out of the window.
If you live an hours commute on the train from London then try affording the rail ticket and on top of that enjoy the tube trip across London i.e. try living in say Swindon and having a job in the City. On top of the hours you'd have to work and then the commute it all stacks up to something more than the rosy picture being portrayed.
I left Sunnynook on the North Shore for the first time the other day to give someone a lift to East Tamaki with them needing to be there before 9am. Still conditioned to the UK experience I thought I'd screwed it by leaving at 7:40am. At 8:20am I was there and although the traffic was slow it did keep moving and I was very surprised. I am however lucky I enjoy driving which I accept many people don't, but when going into the city I use the bus and find it great also and it doesn't take too long.
I massively agree with the fact that people need a does of realism when going to Auckland, but that depends on finances as it can be a great commute. I am not Auckland's greatest fan either any more, but it is more a region now that a city and the sooner it is treated like that the better.
#252
Lost in BE Cyberspace
Joined: Jun 2005
Location: In a large village called Auckland
Posts: 5,249
Re: 20% deposit needed to buy a house from oct
I am not Auckland's greatest fan either any more, but it is more a region now that a city and the sooner it is treated like that the better.
#253
Re: 20% deposit needed to buy a house from oct
Funny that, for the fifteen years prior to moving to Auckland I lived in a house that was ten minutes walk from a railway station: I walked to the station got on a train at 8.20am and arrived at London Bridge for 8.45am . A further ten minute walk and I was in the office for a 9am start. If I wasn't going out in town after work then I quite often got a lift home and either way train or car, I was home before 6pm.
I used to think that it was a hard slog and dreamed of better things..........so I moved to Auckland.............. .
I used to think that it was a hard slog and dreamed of better things..........so I moved to Auckland.............. .
#255
Forum Regular
Joined: Feb 2013
Posts: 259
Re: 20% deposit needed to buy a house from oct
Funny that, for the fifteen years prior to moving to Auckland I lived in a house that was ten minutes walk from a railway station: I walked to the station got on a train at 8.20am and arrived at London Bridge for 8.45am . A further ten minute walk and I was in the office for a 9am start. If I wasn't going out in town after work then I quite often got a lift home and either way train or car, I was home before 6pm.
I used to think that it was a hard slog and dreamed of better things..........so I moved to Auckland..............
People really do need to be very careful what they wish for: whoever would have thought I would look back fondly on those days of sitting on that train, reading my book and gazing out of the window.
I used to think that it was a hard slog and dreamed of better things..........so I moved to Auckland..............
People really do need to be very careful what they wish for: whoever would have thought I would look back fondly on those days of sitting on that train, reading my book and gazing out of the window.
I do appreciate your posts, but I also question if this is satire? - gosh I pray it is. If that was a hard commute and hard slog for you in central london - then I imagine you and I are yards apart. I hope you dont suffer too much in NZ