BRISBANE is the nation's second-least affordable place to buy a house
Aug 22nd 2005, 7:28 am
#1
Guest
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BRISBANE is the nation's second-least affordable place to buy a house
BRISBANE is the nation's second-least affordable place to buy a house, eclipsing Melbourne.
Only Sydney now has more expensive homes, with the average cost of house-and-land packages in Brisbane up to $365,000.
In Sydney the cost is a hefty $428,000 but in Melbourne it is significantly cheaper at $270,000.
In its quarterly survey carried out with the Commonwealth Bank, the HIA found even Adelaide, long considered a bargain city, had an average cost of $260,000
In the past five years, the national average mortgage has jumped from $140,000 to $212,000.
22/8/05
http://www.couriermail.news.com.au/c...5E3102,00.html
Only Sydney now has more expensive homes, with the average cost of house-and-land packages in Brisbane up to $365,000.
In Sydney the cost is a hefty $428,000 but in Melbourne it is significantly cheaper at $270,000.
In its quarterly survey carried out with the Commonwealth Bank, the HIA found even Adelaide, long considered a bargain city, had an average cost of $260,000
In the past five years, the national average mortgage has jumped from $140,000 to $212,000.
22/8/05
http://www.couriermail.news.com.au/c...5E3102,00.html
Aug 22nd 2005, 8:06 am
#2
Dismembered Bat
Joined: Jul 2004
Posts: 851
Re: BRISBANE is the nation's second-least affordable place to buy a house
Onya ABCD, let's put a few more Poms off Brisbane if we can ... or at least keep 'em down Bayside way!
Aug 22nd 2005, 8:22 am
#3
ah-beng
Joined: Aug 2004
Location: ^.^
Posts: 3,113
Re: BRISBANE is the nation's second-least affordable place to buy a house
The bayside house market woudlnt get you much for 212K$ !. Might get a pool for that ;-)
Aug 22nd 2005, 8:30 am
#4
Forum Regular
Joined: Jul 2005
Posts: 35
Re: BRISBANE is the nation's second-least affordable place to buy a house
that's peanuts compared to London though,
Aug 22nd 2005, 8:47 am
#5
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Joined: Aug 2003
Location: Hot sunny Cairns !
Posts: 1,012
Re: BRISBANE is the nation's second-least affordable place to buy a house
Originally Posted by darwinlad
that's peanuts compared to London though,
The house prices and more importantly commute times from further out (i.e. potentially cheaper houses) has made us consider Cairns rather than Bris.
Cadman
Aug 22nd 2005, 9:34 am
#6
ah-beng
Joined: Aug 2004
Location: ^.^
Posts: 3,113
Re: BRISBANE is the nation's second-least affordable place to buy a house
That's a long commute from Cairn's ;-)
