Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

House Price rises UK v Australia

House Price rises UK v Australia

Old Feb 23rd 2005, 1:25 am
  #1  
ABCDiamond
Guest
 
Posts: n/a
Default House Price rises UK v Australia

Just wondering which country has had the highest property prices rises.

I've looked at two actual examples myself, and come up with:

UK
Dec 2000 UK - Rochester £57,575.00
Aug 2004 UK - Rochester £121,500.00 211% increase

Australia
Dec 2000 NSW - St Clair $280,000.00
Oct 2004 NSW - St Clair $425,000.00 152% increase

Does anyone have any other similar date actual comparison examples ?
 
Old Feb 23rd 2005, 2:07 am
  #2  
Living in Perthection
 
steve99's Avatar
 
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
steve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond reputesteve99 has a reputation beyond repute
Default Re: House Price rises UK v Australia

Here's a few ive just found out:

UK
Oct - Dec 2000 - Hemel Hempstead (Herts) post codes HP1 - £136,000
Oct - Dec 2004 - Hemel Hempstead (Herts) post codes HP1 - £252,000
185% increase

Australia

2000 - Perth Median - $158,200
2004 - Perth Median - $255,000 161% Increase

2000 - City Beach (WA) - $547,000
2004 - City Beach (WA) - $900,000 165% Increase

2000 - Ocean Reef (WA) - $249,000
2004 - Ocean Reef (WA) - $419,000 168% Increase

Steve
steve99 is offline  
Old Feb 23rd 2005, 2:10 am
  #3  
 
Joined: Feb 2005
Posts: 629
ShozInOz is an unknown quantity at this point
Default Re: House Price rises UK v Australia

It depends where you compare, and the two places are incomparable! Sydney is VERY expensive, as is Melbourne and Brisbane now. The averages are about the same as the UK (outside London). A 3 bed house (duplex or detached) in a decent part of Sydney (e.g Sutherlandshire - south) will cost over $550K AU (over 220K GBP). Perth is much cheaper, if you could live there.
ShozInOz is offline  
Old Feb 23rd 2005, 2:14 am
  #4  
Class 2 Guru
 
MarkMyWords's Avatar
 
Joined: May 2004
Location: Where the stars look very diff-e-rent today... and tomorrow!
Posts: 1,124
MarkMyWords will become famous soon enough
Default Re: House Price rises UK v Australia

Originally Posted by ABCDiamond
Just wondering which country has had the highest property prices rises.

I've looked at two actual examples myself, and come up with:

UK
Dec 2000 UK - Rochester £57,575.00
Aug 2004 UK - Rochester £121,500.00 211% increase

Australia
Dec 2000 NSW - St Clair $280,000.00
Oct 2004 NSW - St Clair $425,000.00 152% increase

Does anyone have any other similar date actual comparison examples ?
That's one enormous can of worms you're opening there. House price changes vary hugely from area to area. There is no one simple (or useful) comparison.

Is this idle curiosity (you, idle?) or are you looking to do some property investment?
MarkMyWords is offline  
Old Feb 23rd 2005, 2:30 am
  #5  
ABCDiamond
Guest
 
Posts: n/a
Default Re: House Price rises UK v Australia

Originally Posted by MarkMyWords
That's one enormous can of worms you're opening there. House price changes vary hugely from area to area. There is no one simple (or useful) comparison.

Is this idle curiosity (you, idle?) or are you looking to do some property investment?
Pure idle curiosity But trying to compare price movements in the same location.

eg: The examples I gave are of the same houses, but different sale dates. I don't think I made that clear
So they are actual examples of exact increases, instead of the more general median price changes, which do not compare exactly.

Obviously if one has had 100k worth of improvements done it would skew the % somewhat
 
Old Feb 23rd 2005, 2:35 am
  #6  
part-time Visa Angel!
 
mlbonner's Avatar
 
Joined: Oct 2003
Location: half marathon runner!
Posts: 4,458
mlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nicemlbonner is just really nice
Default Re: House Price rises UK v Australia

Originally Posted by ABCDiamond
Pure idle curiosity But trying to compare price movements in the same location.

I have two weeks of work to catch up on if you're bored

(strange how I still have time for BE though )
mlbonner is offline  
Old Feb 23rd 2005, 3:40 am
  #7  
ABCDiamond
Guest
 
Posts: n/a
Default Re: House Price rises UK v Australia

Originally Posted by mlbonner
I have two weeks of work to catch up on if you're bored

(strange how I still have time for BE though )
I've almost decided to start looking for a part time job
 
Old Feb 23rd 2005, 4:24 am
  #8  
 
Joined: Aug 2003
Posts: 11,149
bondipom is an unknown quantity at this point
Default Re: House Price rises UK v Australia

I wonder how housing affordability compares and how affordability has plummeted in both nations. First time buyers or off the market in most of Britain and increasingly in Oz.
bondipom is offline  
Old Feb 23rd 2005, 4:46 am
  #9  
Banned
 
Joined: Jul 2003
Posts: 1,048
Quinkana will become famous soon enoughQuinkana will become famous soon enough
Default Re: House Price rises UK v Australia

Originally Posted by bondipom
I wonder how housing affordability compares and how affordability has plummeted in both nations. First time buyers or off the market in most of Britain and increasingly in Oz.
A Quarterly Review of Housing Affordability for First Home Buyers
Quinkana is offline  
Old Feb 23rd 2005, 7:46 am
  #10  
Banned
 
Joined: Jul 2003
Posts: 1,048
Quinkana will become famous soon enoughQuinkana will become famous soon enough
Default Re: House Price rises UK v Australia

Housing affordability index (definition):

The housing affordability index, derived by the Housing Industry Association and the Commonwealth Bank, measures the ability of households to meet the cost of buying their first home. The index is the ratio of average household income to the income necessary to meet repayments on an average established dwelling purchased by a first home buyer. Income measures are based on national accounts estimates of household disposable income.

Housing Affordability Index = 100 * (Average Annual Household Income Disposable / Qualifying Annual Income Disposable)

So in 2004 Sep, Housing Affordability Index = 100 * (71,900 / 68,000) = 105.7
Quinkana is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.