Is Australia an oversold country?
Jul 9th 2009, 2:29 am
#317
Forum Regular
Joined: Jan 2008
Location: Perth NOR
Posts: 242
Re: Is Australia an oversold country?
Average house prices in Australia are now 40-50% higher than UK. Average UK house £157K, average Aus house $460K.
157,713.00 GBP = 322,225.82 AUD
United Kingdom Pounds Australia Dollars
1 GBP = 2.04312 AUD 1 AUD = 0.489449 GBP
You'll be needing a big deposit or bigger mortgage when migrating to the land of Oz. Don't forget wages are generally lower in Oz than UK but that's OK, the weather is great and it doesn't cost anything to go to the beach.
157,713.00 GBP = 322,225.82 AUD
United Kingdom Pounds Australia Dollars
1 GBP = 2.04312 AUD 1 AUD = 0.489449 GBP
You'll be needing a big deposit or bigger mortgage when migrating to the land of Oz. Don't forget wages are generally lower in Oz than UK but that's OK, the weather is great and it doesn't cost anything to go to the beach.
Jul 9th 2009, 3:22 am
#318
Guest
Posts: n/a
Re: Is Australia an oversold country?
http://www.acadametrics.co.uk/ftHousePrices.php
(published in the Financial Times and on FT.com)
Median Australia House Prices June 2009
$530,000 Sydney (at 2.043 = £259,407) or (at 2.5 = £212,000)
$470,000 Darwin (at 2.043 = £230,040) or (at 2.5 = £188,000)
$425,000 Melbourne (at 2.043 = £208,015) or (at 2.5 = £170,000)
$425,000 Perth (at 2.043 = £208,015) or (at 2.5 = £170,000)
$391,000 Brisbane (at 2.043 = £191,374) or (at 2.5 = £156,400)
$360,000 Adelaide (at 2.043 = £176,201) or (at 2.5 = £144,000)
$335,000 Hobart (at 2.043 = £163,965) or (at 2.5 = £134,000)
Obviously the drop in the value of the £ will make a big impact as the above comparisons show. If the £ recovers, it will help to bring that price gap back to normal.
Are they really ?
All the stats that I see show that the average wages in Australia are higher than in the UK. However, many people keep saying that UK is higher, but no one shows official figures for it. All they give are individual examples, but my wife earns twice as much in Australia as she did in the UK, so thats my "individual" example, proving that wages are higher than the UK, in so far as individual examples prove anything.
Jul 9th 2009, 4:24 am
#319
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: Is Australia an oversold country?
Average UK House Price £197,145 (£402,791 at 2.043 or £492,863 at 2.5)
http://www.acadametrics.co.uk/ftHousePrices.php
(published in the Financial Times and on FT.com)
http://www.acadametrics.co.uk/ftHousePrices.php
(published in the Financial Times and on FT.com)
Land Registry - May 09 (England & Wales) at £152,497.
Quite a disparity.
Jul 9th 2009, 4:46 am
#320
Guest
Posts: n/a
Re: Is Australia an oversold country?
Alternatively you could quote:
Land Registry - May 09 (England & Wales) at £152,497.
Quite a disparity.
Land Registry - May 09 (England & Wales) at £152,497.
Quite a disparity.
£295,325 London
£188,129 South East
£160,892 East
£159,787 South West
£130,928 West Midlands
£121,056 Yorkshire & The Humber
£120,261 East Midlands
£119,990 Wales
£116,774 North West
£105,567 North East
It's a pity that there is no definitive figures for either country.
Jul 9th 2009, 4:50 am
#321
Guest
Posts: n/a
Re: Is Australia an oversold country?
It makes some comparisons a bit easier to look at though ...
Median Australia House Prices June 2009
$391,000 Brisbane (at 2.043 = £191,374) or (at 2.5 = £156,400)
£188,129 South East UK
Median Australia House Prices June 2009
$530,000 Sydney (at 2.043 = £259,407) or (at 2.5 = £212,000)
£295,325 London
Median Australia House Prices June 2009
$391,000 Brisbane (at 2.043 = £191,374) or (at 2.5 = £156,400)
£188,129 South East UK
Median Australia House Prices June 2009
$530,000 Sydney (at 2.043 = £259,407) or (at 2.5 = £212,000)
£295,325 London
Jul 9th 2009, 4:58 am
#322
Guest
Posts: n/a
Re: Is Australia an oversold country?
I wonder what part of the UK this one would be compared to ?
$365,000 or £178,000
629 sqm block, 4 bed, 2 baths and 1 hour train commute from Sydney CBD.
$365,000 or £178,000629 sqm block, 4 bed, 2 baths and 1 hour train commute from Sydney CBD.
Jul 9th 2009, 5:01 am
#323
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: Is Australia an oversold country?
I wonder what part of the UK this one would be compared to ?
http://images.domain.com.au/img/2009...76326_1_TE.JPG $365,000 or £178,000
629 sqm block, 4 bed, 2 baths and 1 hour train commute from Sydney CBD.
http://images.domain.com.au/img/2009...76326_1_TE.JPG $365,000 or £178,000
629 sqm block, 4 bed, 2 baths and 1 hour train commute from Sydney CBD.
Jul 9th 2009, 5:24 am
#324
Guest
Posts: n/a
Re: Is Australia an oversold country?
Jul 10th 2009, 1:11 am
#325
BE Enthusiast
Joined: Mar 2007
Location: Kallaroo, Perth
Posts: 451
Re: Is Australia an oversold country?
Im with you ABC pound for pound, dollar for dollar you get more for your money in oz whatever way you look it.
Jul 12th 2009, 11:49 am
#326
Forum Regular
Joined: Mar 2003
Posts: 193
Re: Is Australia an oversold country?
I wonder what part of the UK this one would be compared to ?
http://images.domain.com.au/img/2009...76326_1_TE.JPG $365,000 or £178,000
629 sqm block, 4 bed, 2 baths and 1 hour train commute from Sydney CBD.
http://images.domain.com.au/img/2009...76326_1_TE.JPG $365,000 or £178,000
629 sqm block, 4 bed, 2 baths and 1 hour train commute from Sydney CBD.
Jul 12th 2009, 12:04 pm
#327
Forum Regular
Joined: Mar 2003
Posts: 193
Re: Is Australia an oversold country?
Maybe some people look at other properties, eg: to compare against that one in the USA.
http://www.abcdiamond.com/home/t1.jpg http://www.abcdiamond.com/home/t2.jpg
$244,000
1 Acre, town water, 3 mins to shops & school, 4 beds, 2 baths, 4 car spaces
But if you want to be near beaches, and/or the City, you need to pay more.
http://www.abcdiamond.com/home/t1.jpg http://www.abcdiamond.com/home/t2.jpg
$244,000
1 Acre, town water, 3 mins to shops & school, 4 beds, 2 baths, 4 car spaces
But if you want to be near beaches, and/or the City, you need to pay more.
Forget enjoying the lovely bars or coffee houses in the inner city if you have to drive an hour to get home...
mind you - Im no expert like some...I was only born and raised here...
Jul 12th 2009, 12:05 pm
#328
Forum Regular
Joined: Mar 2003
Posts: 193
Re: Is Australia an oversold country?
I don't think Australia is oversold. The powers that be advertise the country, as other commodities are advertised. Why? Because the thought is that certain skills etc are required. Like any other commodity you either buy or you don't. If you do it is your choice, no one forces you to do this. Like any other item you buy that you are not happy with it's your hard luck if you don't like it or it doesn't meet your expectations.
Jul 12th 2009, 12:14 pm
#329
Forum Regular
Joined: Mar 2003
Posts: 193
Re: Is Australia an oversold country?
Yes, Australia is oversold. Dont expect an Aussie to admit it but the place is being sold out from under their parochial, bogan noses to a target demographic of Brits that would swap their own mothers for a pair of loafers if they thought the neighbours would be impressed and the same goes for moving to Australia. A lot of Brits like it here and even more will pretend to, simply to appease the natives but the same old points keep being raised: boredom, blandness, being milked for every cent, and requiring a license just to set an egg timer.
Australia with all its bells and whistles doesnt hold a candle to any European city regardless of so called facts and statistics from Google.
Australia with all its bells and whistles doesnt hold a candle to any European city regardless of so called facts and statistics from Google.
(There is some nice stuff about being here - it's just not the stuff I was expecting).
Last edited by Ruthyman; Jul 12th 2009 at 12:16 pm.
Jul 12th 2009, 12:15 pm
#330
A rather curious boy
Joined: Aug 2006
Location: Melbourne
Posts: 5,917
Re: Is Australia an oversold country?
As an Aussie can I tentatively agree...I mean how many ads for the news (que weird smiley looking news crews) and news breaks and news flashes do I need before I get my daily dose of the news? What's with this 'brand power' crap we keep ketting rammed down our throats (que yet another bland over smiley person), for those of us in Vic - my children can sing the 'car city' add verbertim and hey, I'm totally sold on the fact that many, many men in this country have errection problems
(There is some nice stuff about being here - it's just not the stuff I was expecting).
(There is some nice stuff about being here - it's just not the stuff I was expecting).