British Expats - Are Australian Houses worth the money regardless of boom or bust?

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Originally Posted by joydot (Post 8437296)

i havent heard anything about major leaky / rot issues in oz???

in nz best assume you are buying land. unless you can afford substantial older property in great condition or older state housing same assume the whole thing may need knockdown/ rebuilding - kinda wrecks nz house values a bit when you add that fixing rotten costs 3x building new (on average). your basic 15 yr old $600nzd suburban house on 400sqm could easily set you back $1mil+. if the gods are smiling on you you might get a well built $600,000 house for $700,000 lol

A thorough Termite/White Ant inspection treatment) is also a must around these parts, especially if you live a little sticksy. One of the first things we did was to get some in-ground treatment done.