Originally Posted by northernlights

Yeah, 2:1 AUS/GBP. I could buy a nice semi detached Edwardian/Victorian house in the outskirts of London (£300K), or a 'Perceptions/In Vogue' $600K prefab in Perth, in a non descript suburb. What a joke.

Perth has the one of the most expensive real estate on the planet, re: income/price. Mining is the major boom industry in Perth and that's on it's last legs. The world's banking system is on it's knees.

I wonder how many people on this site who would move back to UK if the exchange rate got to 1:1 ?

Originally Posted by the troubadour

I for one are so very tempted....and to think never thought it would be remotly possible to buy something outside of a shoe box with in Londons Circle Line.
And i really do wonder about Perth where is the value on what is on offer?
Who is going to want to come here with prices the way they are?Then how do they keep the people they have from leaving?

Originally Posted by ozzieeagle

Here you go 4 bedrooms no less, Forest Hill / Sydenham Border... 20 mins by train to London Bridge. Very close to 600,000 Aud.

Bonus you get Palace as your local team Oh and I do believe Rolf Harris lives in Sydenham... or he used to..


http://www.kfh.co.uk/residential/sal...e/se26/2040564


Edit I've just had a good look at real estate in the area where I grew up, around the house above. I reckon it's now on a price parity with what I've got here in Coburg/Brunswick... It used to be at least 33 to 40 pct dearer. Catford is really cheap !!

Originally Posted by bubbles08

well we sold a house for 470000 in tapping in november and took a 70 000 dollar drop to sell.
Then came back and bought a house that is only 50 mins outside london for less than 300 000 and we now live in a lovely village in Bedfordshire which is so lovely compared to tapping.Going from a tiny garden to a 100 foot which overlooks beautiful countryside back and front which is not overlooked by 20 houses like in Tapping.Ten minutes away from lovely market town of Hitchin filled with historic buildings dating back 100s of years......................mmmmmmmmm know where i would rather be.Ship sinking someone said,that quote just reminded me of the small minded people i met in WA who told me that the recession would not hit OZ.

Originally Posted by northernlights

I would not touch an investment property right now, regardless of price/rental yield/negative gearing. Cash/Gold is king, you are doing the right thing La Vida by not buying and saving. Too many amateurs in the market these days, heard about the shoe shine boys in NY in 1929, same story now, everyone's a property investment winner/expert.

Too many people are getting levereged up, borrowing against 'house price paper gains'. If this ponzi scheme shows any signs of crumbling then they are all in for a big hit.

Anecdotal evidence. A few very experienced property investors I know ( been in the residential/commercial for 15 years plus) are sitting on the sidelines regarding Perth. The fat has gone out of residential and commercial market. They said they would put their money into stocks but seeing the ASX failed to get above the 4200 fibonacci trendline/4000 long term trend line, the stock market is also looking dodgy. Looking forward to the next 6 months.

Originally Posted by bubbles08

well we sold a house for 470000 in tapping in november and took a 70 000 dollar drop to sell.
Then came back and bought a house that is only 50 mins outside london for less than 300 000 and we now live in a lovely village in Bedfordshire which is so lovely compared to tapping.Going from a tiny garden to a 100 foot which overlooks beautiful countryside back and front which is not overlooked by 20 houses like in Tapping.Ten minutes away from lovely market town of Hitchin filled with historic buildings dating back 100s of years......................mmmmmmmmm know where i would rather be.Ship sinking someone said,that quote just reminded me of the small minded people i met in WA who told me that the recession would not hit OZ.