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A rant about house prices, WA

A rant about house prices, WA

Old May 23rd 2006, 4:58 pm
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Default A rant about house prices, WA

Can someone please either condemn/commend, Whatever you feel about what i am about to say.


As far as i can see if you want to live in any sort of decent house( most mention 4 x 2) in perth you are looking at forking out the $400k mark as a starting point.

Now! i am making an educated guess here so bare with me on this one! The average Mr Smith with partner and lets say 3 kids( hence 4 x 2) would have a single income of $50k PA or maybe Joint Income of $70-80K. (slate me if i`m wrong)

Now, as i believe (slate me if i`m wrong) you would be eligible for a mortgage of around $150k on the single income or $280k with the joint income ( all again based on the 3x for single income and 3.5 for joint income)
I know, I know, not like the UK works! BUT, before you make any other comment, Do you honestly feel that you would be happy to have a Mortgage that is lets say, 5 or 6 times your annual income?

First Point! if the house prices are that high ( around $400) for a decent house then to live there you would need to put down as a deposit of $120 - $250k

b, How many people on this forum plan on taking any amount of £`s with them to manage on the single income and how many plan on having enough for working off the joint income?


Second Point! Going by many other comments made on this site it looks like if i want to live in Perth, have any sort of Comfortable living conditions when i get there ( apart from the hammock in the back garden,If i can afford a back garden) maybe all i will have is a Hou with a Ba Gar with a hamm, then i am well and truly F***** unless i do one of the few below.

a, Win the thing in a raffle!
b, get a job that pay`s $100K PA
c, Get the Missus a job that pays more!



All comments on whether this really was a rant or its just me talking P**** cause i dont know how to spoke my words properly

Anyway, i can use this against the Missus as i want to build our own house as i will save a few $ ! WHAT? I cant get land for any less that $250k just about anywhere that is within civilisation?


One little simple Question: Do we all that plan on moving to Perth have Loads of £`s to take over ( not a worry) or do we just not give a S*** what we stay in as long as we are there? or are we trying to Hide away from it all and get a shock when we get there

Or is it that there are just so many ppl on here talking S*** about what the market is really like


Well? Give it to me


PS: Visa Application Sent today

Last edited by Sunny_Glesga; May 23rd 2006 at 5:01 pm.
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Old May 23rd 2006, 5:01 pm
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Default Re: A rant about house prices, WA

This is why I'm going to Adelaide
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Old May 23rd 2006, 5:02 pm
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Default Re: A rant about house prices, WA

You never fail to impress me Wendy!




Originally Posted by WendyC
This is why I'm going to Adelaide
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Old May 23rd 2006, 5:06 pm
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Default Re: A rant about house prices, WA

My hubby will have a decent salary but we are not taking over loads of ££££s as we only bought our house in the UK 3 years ago so we haven't made much profit. We are on a temporary 457 visa so we'll have to put down 20% deposit. We'll only be able to afford something a bit under AUD400k.

I think we're all a bit worried that we won't be able to afford to buy property as the prices keep increasing so quickly.
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Old May 23rd 2006, 5:06 pm
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Default Re: A rant about house prices, WA

Originally Posted by WendyC
This is why I'm going to Adelaide
Think I might join you - damn why did I book that reccie to Perth!
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Old May 23rd 2006, 5:07 pm
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Default Re: A rant about house prices, WA

same as wendy...except we we're going to the east coast...however it will be interesting to see what will happen in the sense that if no-one can afford to live there...who will go there anyway

BTW ...stop whinging...lol
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Old May 23rd 2006, 5:07 pm
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Default Re: A rant about house prices, WA

Originally Posted by Luma
I think we're all a bit worried that we won't be able to afford to buy property as the prices keep increasing so quickly.
I think that's a fair comment, I know it worries me, but we're too far off to worry about it at the moment, will reassess nearer the time.
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Old May 23rd 2006, 6:12 pm
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Default Re: A rant about house prices, WA

Originally Posted by Clippies
I think that's a fair comment, I know it worries me, but we're too far off to worry about it at the moment, will reassess nearer the time.
we are all worried about the prices in perth, we are taking about £130k with us so not in too bad a position but still not certain we have enough

we are hoping to be there in october so we really need some help

surely someone in perth can give us an insight to the house prices at the moment and what we can expect for our money,

isn't that what this forum is for, helping people and easing their worries?

steve

Last edited by birchway; May 23rd 2006 at 6:14 pm. Reason: not finished
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Old May 23rd 2006, 6:15 pm
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Default Re: A rant about house prices, WA

Originally Posted by birchway
we are all worried about the prices in perth, we are taking about £130k with us so not in too bad a position but still not certain we have enough

we are hoping to be there in october so we really need some help

surely someone in perth can give us an insight to the house prices at the moment and what we can expect for our money,

isn't that what this forum is for, helping people and easing their worries?

steve

I'm sure they will when they wake up. Just keep the thread near the top.
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Old May 23rd 2006, 6:27 pm
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Default Re: A rant about house prices, WA

We're in a similar situation, since we're both self-employed and thus won't qualify for a standard mortgage, just a lo-doc. For a lo-doc you have to put down between 20% and 35% of the purchase price (depending on lender). There are houses near where we're moving to that fall into our price range, but that doesn't mean we'll see one we like. With that in mind we plan on renting for a year or so to build up the necessary credit paper trail and then buy; putting the money we would have spent on the mortgage into the same high interest account we'll have our pot of money in. I'm not familiar with the property market in WA, but we've found there are plenty of areas you can buy in our neck of the woods as long as you don't imagine you'll end up with some Arkon-sized country estate.
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Old May 23rd 2006, 6:28 pm
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Default Re: A rant about house prices, WA

How do we do that Wendy?


Originally Posted by WendyC
I'm sure they will when they wake up. Just keep the thread near the top.
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Old May 23rd 2006, 6:39 pm
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Default Re: A rant about house prices, WA

By keep doing this......

by the way we opted out of going to Perth for the same reason as mentioned ie too expensive,and it's gonna rise
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Old May 23rd 2006, 6:48 pm
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Smile Re: A rant about house prices, WA

will help keeping post at top....

also we're not looking at perth cos of the house prices, looking at brissey, SA but most importantly its got to be where the work is...
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Old May 23rd 2006, 6:57 pm
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Default Re: A rant about house prices, WA

Originally Posted by Sunny_Glesga
Can someone please either condemn/commend, Whatever you feel about what i am about to say.


As far as i can see if you want to live in any sort of decent house( most mention 4 x 2) in perth you are looking at forking out the $400k mark as a starting point.

Now! i am making an educated guess here so bare with me on this one! The average Mr Smith with partner and lets say 3 kids( hence 4 x 2) would have a single income of $50k PA or maybe Joint Income of $70-80K. (slate me if i`m wrong)

Now, as i believe (slate me if i`m wrong) you would be eligible for a mortgage of around $150k on the single income or $280k with the joint income ( all again based on the 3x for single income and 3.5 for joint income)
I know, I know, not like the UK works! BUT, before you make any other comment, Do you honestly feel that you would be happy to have a Mortgage that is lets say, 5 or 6 times your annual income?

First Point! if the house prices are that high ( around $400) for a decent house then to live there you would need to put down as a deposit of $120 - $250k

b, How many people on this forum plan on taking any amount of £`s with them to manage on the single income and how many plan on having enough for working off the joint income?


Second Point! Going by many other comments made on this site it looks like if i want to live in Perth, have any sort of Comfortable living conditions when i get there ( apart from the hammock in the back garden,If i can afford a back garden) maybe all i will have is a Hou with a Ba Gar with a hamm, then i am well and truly F***** unless i do one of the few below.

a, Win the thing in a raffle!
b, get a job that pay`s $100K PA
c, Get the Missus a job that pays more!



All comments on whether this really was a rant or its just me talking P**** cause i dont know how to spoke my words properly

Anyway, i can use this against the Missus as i want to build our own house as i will save a few $ ! WHAT? I cant get land for any less that $250k just about anywhere that is within civilisation?


One little simple Question: Do we all that plan on moving to Perth have Loads of £`s to take over ( not a worry) or do we just not give a S*** what we stay in as long as we are there? or are we trying to Hide away from it all and get a shock when we get there

Or is it that there are just so many ppl on here talking S*** about what the market is really like


Well? Give it to me


PS: Visa Application Sent today

I'm worried for all the same reasons!

We're heading for Perth but we have the added worry of being first time buyers, which means no house to sell and next to no capital to take with us, we'll be lucky if we have £20k to take with us! But the way I see it, we've got sod all chance of getting a house over here so we may as well go to the sun and have sod all chance of getting a house there instead!!
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Old May 23rd 2006, 6:58 pm
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Default Re: A rant about house prices, WA

I have a Bro in Sydney we went to see last year ( jan- Feb) we originally thought this is where we would have gone until we seen the costs there and decided to look at Perth after that.

Perth Deffinately looked the better option for affordability

I know that you cant decide where to live on property prices alone but it is withought doubt a factor if you cant afford the houses available or cant rent anything decent for what you can afford


Anyone know anything about Darwin?


Originally Posted by SBUK
By keep doing this......

by the way we opted out of going to Perth for the same reason as mentioned ie too expensive,and it's gonna rise
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