stuckinblighty

1.647

freebo

Its the pound that's weak more than the AUD thats strong (although it is also), any number of reasons all of which are bad for the pound, and I don't see it changing anytime soon.

Hino

Currently at 1.64093 and almost 61 p to the Dollar ( XE Com ).

The balance of trade figures for January have just been announced and show an Eight Billion GBP deficit, the worst figures for eighteen months.

With a rudderless government and an election coming the only way for the Pound is down.

I've been checking house prices in the West Country and when you do the conversion to A$, they are getting more and more reasonable.

Maybe time to buy a nice little holiday home in Cornwall, somewhere to escape the harsh Aussie winter

MrCro

BUY BUY BUY!!!!!!

Hino

I'd be a mug not to really. Yesterday I found this little cottage in Polperro for GBP 150,000 ( A$ 246,000 ).

http://www.rightmove.co.uk/property-...%26index%3D220


Last week, in this area, I attended the auction of an ex housing commission dump that needed at least 30K spending on it.

In this area, these places usually go for about 170K. When I left the auction the bid was at 208K and still going up in 1K increments.

Living the good life in a quaint cottage on the harbour side in beautiful Cornwall, or living a life of constant agrevation and worry in a crime and drug infested ghetto in NSW for the same price.

Hmmm........ let me think ?

bcworld

Happened to go past an auction in Sydney the other week - yes it was in Sydney, but it was in Redfern. The place was a 2 bed mid-terrace single level dump!
Wet carpets, unidentified black liquid running down the yellowed walls, holes in the floor & ceiling, OUTSIDE toilet & bathroom...land size 114 sqm. Sold for $690k (GBP420k).

MrCro

in Cheshire where I live now you're talking 5-6 bedrooms in a country village, pool and tennis courts!!??

something's gotta give in Oz with house price bubble!?

Happened in states then UK & europe!

jad n rich

Sydney and melbourne prices seem to have gone completely mental

Brisbane seems really cheap now, given its the next big city you have to wonder if the flow on will come here. However according to rels in syd and melb its all 'asian money' pushing the prices up down there, probably just a racist comment though given the OZ rels

asprilla

It's a massive pricing discrepancy.... not all properties across Aus are overvalued, but lots are... and some of them are vastly overpriced.

jad n rich

Trouble is, in OZ despite all the ahumm 'space' everybody wants to live in few choice areas and cities. More and more people choose to cram into the same bits, most of OZ simply has no appeal to anyone.

I am sure someone will find me the stats but I bet over half of oz's population is jammed in around melb sydney and brisbane. Most of the rest live very close to the coastline near these cities.

Its right overcrowded here really. Seriously has anyone driven in syd melb or bris lately, its a bloody nightmare

bcworld

The Melbourne market is certainly too hot in my opinion.

Also a couple of months ago a place near me went up for auction. 2 bed end of terrace traditional style weatherboard. No off street parking, sitting facing down one road of a t-juntion.

This one was certainly liveable, but they'd done a very cheap & nasty reno on it which removed all the character of the place. Similar land size to the Sydney one.

The auction was funny cos the main road nearby was closed that day so the traffic was horrendous around the place. Then halfway through the auction a couple of the colourful St Kilda locals came swanning past swigging their super strength brew...added in their thoughts on proceedings!

Sold for $783k (GBP477k).

asprilla

1 minute later = GBP 478k.

bcworld

I cannae keep up!

koalakim

A couple of Monday's ago we had to get to Docklands (Mellie) and took over 2 hours from Mornington and an hour of that was from St Kilda! Not far away for non-Mellie folks.

After living in Mellie for 3 years I now loath traffic lights and junctions!

bcworld

I honestly don't find Melbourne traffic that bad...Brisbane was far, far worse.

If I drive from St Kilda to my office in South Melbourne (about 4kms away) it generally takes about 10 minutes. I can imagine it getting a bit hairy between there and Docklands though.