Are Australian Houses worth the money regardless of boom or bust?
Mar 22nd 2010, 6:35 am
#16
Mostly Harmless
Joined: Jan 2010
Location: Semi-rural wonderworld, Brisbane
Posts: 15,109
Re: Are Australian Houses worth the money regardless of boom or bust?
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
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
