View Poll Results: Hw much will housing in Australia cost you>
150,000 to 250,000 I'm buying a flat/unit
1
0.92%
250,000 to 350,000 entry level housing, outskirts of the main citys
15
13.76%
350,000 to 475,000 getting up to the average price,
34
31.19%
475,000 to 680,000, moving into nice house territory
34
31.19%
675,000 upwards, normally 2nd home territory,
25
22.94%
Voters: 109. You may not vote on this poll
Housing how much ?
Oct 17th 2007, 4:22 am
#1
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2005
Posts: 15,526
Housing how much ?
Just curious, as to how much people expect to or did indeed pay for their house in Aussie. I should imagine if people move from London for instance housing in Australia would seem very cheap, hence they would probably pay a lot more than say someone from Middlesborough. Thats only an assumption and based on presumed equity.
Surely how much a house costs would be the number one factor, after availablity of work and affordability are taken into account.
Above prices are in Aud of course.
Surely how much a house costs would be the number one factor, after availablity of work and affordability are taken into account.
Above prices are in Aud of course.
Last edited by ozzieeagle; Oct 17th 2007 at 4:35 am.
Oct 17th 2007, 4:34 am
#2
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Housing how much ?
Just curious, as to how much people expect to or did indeed pay for their house in Aussie. I should imagine if people move from London for instance housing in Australia would seem very cheap, hence they would probably pay a lot more than say someone from Middlesborough. Thats only an assumption and based on presumed equity.
Surely how much a house costs would be the number one factor, after availablity of work and affordability are taken into account.
Surely how much a house costs would be the number one factor, after availablity of work and affordability are taken into account.
Arrived in 2000, had choice of property in melbourne or SE queenland for just under $200,000, we bought in qld at $195,000. Vastly different to arriving now
That same house now would be $600,000, we've bought and sold quite a few times, always getting back into market as we got out, and therefor moving along with it, as most of the time we have been here house prices (along with everything else
) have risen steeply each year. Buying/selling is an expensive experience, on a 600,000 house the stamp and RE commissions/GST take around $40,000
. Edit thats qld, stamp duty can be double in some other states.
Last edited by jad n rich; Oct 17th 2007 at 4:46 am.
Oct 17th 2007, 4:49 am
#3
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2005
Posts: 15,526
Re: Housing how much ?
Good thread subject.
Arrived in 2000, had choice of property in melbourne or SE queenland for just under $200,000, we bought in qld at $195,000. Vastly different to arriving now
That same house now would be $600,000, we've bought and sold quite a few times, always getting back into market as we got out, and therefor moving along with it, as most of the time we have been here house prices (along with everything else) have risen steeply each year.
Buying/selling now is an expensive experience now, on a 600,000 house the stamp and RE commissions/GST take around $40,000.
Arrived in 2000, had choice of property in melbourne or SE queenland for just under $200,000, we bought in qld at $195,000. Vastly different to arriving now
That same house now would be $600,000, we've bought and sold quite a few times, always getting back into market as we got out, and therefor moving along with it, as most of the time we have been here house prices (along with everything else
) have risen steeply each year. Buying/selling now is an expensive experience now, on a 600,000 house the stamp and RE commissions/GST take around $40,000
.I've a feeling the stampduty is quite a bit more than that here in Victoria, Still looking at renovating my place, but dont want to borrow 80,000 bucks upwards to do it, which I guesstimate is the cost of moving dammit LOL !
Oct 17th 2007, 4:53 am
#4
Joined: May 2007
Posts: 5,133
Re: Housing how much ?
Just curious, as to how much people expect to or did indeed pay for their house in Aussie. I should imagine if people move from London for instance housing in Australia would seem very cheap, hence they would probably pay a lot more than say someone from Middlesborough. Thats only an assumption and based on presumed equity.
Surely how much a house costs would be the number one factor, after availablity of work and affordability are taken into account.
Above prices are in Aud of course.
Surely how much a house costs would be the number one factor, after availablity of work and affordability are taken into account.
Above prices are in Aud of course.
"250,000 to 350,000 moving into nice house territory"
Oct 17th 2007, 4:55 am
#5
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Housing how much ?
)
Oct 17th 2007, 5:10 am
#6
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2005
Posts: 15,526
Re: Housing how much ?
Bringing over 350,000 dollars worth of equity, (130,000 pounds, not a bad amount if your the average aged migrant of circa 30 years old) and paying 4,000 dollars a month of ones mortgage (which I guesstimate would need a 100,000 dollar income plus, especially if one has kids) over 30 years would get you.
For a detailed explanation click here.
How much can I afford? Maximum loan amount: $428,822 Maximum property price: $745,082
Borrowing and Buying Costs Transfer fee: $64 Stamp duty on the property: $29,020 Stamp duty on the loan: $1,656 Lender's mortgage insurance: $0 Other costs: $3,000 Cost of Borrowing and Buying: $33,740
For a detailed explanation click here.
How much can I afford? Maximum loan amount: $428,822 Maximum property price: $745,082
Borrowing and Buying Costs Transfer fee: $64 Stamp duty on the property: $29,020 Stamp duty on the loan: $1,656 Lender's mortgage insurance: $0 Other costs: $3,000 Cost of Borrowing and Buying: $33,740
Oct 17th 2007, 5:13 am
#7
BE Forum Addict
Joined: Apr 2005
Location: On the edge of the Dandenongs, Melbourne
Posts: 2,387
Oct 17th 2007, 5:18 am
#8
BE Forum Addict
Joined: Aug 2006
Location: WA but NOT Perth!!!!!
Posts: 3,318
Oct 17th 2007, 5:45 am
#9
BE Enthusiast
Joined: Jun 2007
Posts: 423
Re: Housing how much ?
bringing over $2000 worth of equity for a deposit and renting.....
No money for a home of my home....
call me thick or whatever just not that llucky or smart, but happy enough I aint committed to $4k a month mortgage.
I think your mad by the way who ever that poster is.
No money for a home of my home....
call me thick or whatever just not that llucky or smart, but happy enough I aint committed to $4k a month mortgage.
I think your mad by the way who ever that poster is.
Oct 17th 2007, 5:49 am
#10
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Re: Housing how much ?
My option wasn't there either.
Bought a 3 bed house for $237k 6 months ago. It's now worth $260+ and we've done nothing to it (well we have a half finished new kitchen
). The stamp duty was $8400.
It's about half hour away from the CBD, about half hour to the nearest beach and more importantly it's 10 minutes away from OH's work.
Bought a 3 bed house for $237k 6 months ago. It's now worth $260+ and we've done nothing to it (well we have a half finished new kitchen
). The stamp duty was $8400.It's about half hour away from the CBD, about half hour to the nearest beach and more importantly it's 10 minutes away from OH's work.
Oct 17th 2007, 5:52 am
#11
Its all going south......
Joined: Oct 2007
Location: Sussex
Posts: 433
Re: Housing how much ?
So what is the stamp duty? we are looking at a house of value approx $400,000, any ideas?
Bex x
Bex x
Oct 17th 2007, 5:52 am
#12
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Oct 17th 2007, 5:55 am
#13
BE Enthusiast
Joined: Jun 2007
Posts: 423
Re: Housing how much ?
My option wasn't there either.
Bought a 3 bed house for $237k 6 months ago. It's now worth $260+ and we've done nothing to it (well we have a half finished new kitchen). The stamp duty was $8400.
It's about half hour away from the CBD, about half hour to the nearest beach and more importantly it's 10 minutes away from OH's work.
Bought a 3 bed house for $237k 6 months ago. It's now worth $260+ and we've done nothing to it (well we have a half finished new kitchen
). The stamp duty was $8400.It's about half hour away from the CBD, about half hour to the nearest beach and more importantly it's 10 minutes away from OH's work.
You have to look at your return after fees, you suggest you have a minimum of $24k , not a lot left Im afraid....
Oct 17th 2007, 6:00 am
#14
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2005
Posts: 15,526
Re: Housing how much ?
My option wasn't there either.
Bought a 3 bed house for $237k 6 months ago. It's now worth $260+ and we've done nothing to it (well we have a half finished new kitchen). The stamp duty was $8400.
It's about half hour away from the CBD, about half hour to the nearest beach and more importantly it's 10 minutes away from OH's work.
Bought a 3 bed house for $237k 6 months ago. It's now worth $260+ and we've done nothing to it (well we have a half finished new kitchen
). The stamp duty was $8400.It's about half hour away from the CBD, about half hour to the nearest beach and more importantly it's 10 minutes away from OH's work.
Someone on another thread said they wanted to move to Brighton here in Victoria. I explored this, and worked out you would need a 200,000 dollar a year income, to afford the median price of circa 1.3 mill that suburb gains. I doubt even if our high earning and hardworking Northshore regular BBSer came in at that level..
Oct 17th 2007, 6:09 am
#15
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Re: Housing how much ?
thats nice, but so what, are you going to move, as thats $9k for RE fees plus solicitors oh then if you buy another you have more stamp duty etc etc etc...
You have to look at your return after fees, you suggest you have a minimum of $24k , not a lot left Im afraid....
You have to look at your return after fees, you suggest you have a minimum of $24k , not a lot left Im afraid....
Apologies for not putting in the more affordable options that you and Vin have managed. Bonus for you and Vin, will be more spending money to enjoy the lifestyle that we have here.
Someone on another thread said they wanted to move to Brighton here in Victoria. I explored this, and worked out you would need a 200,000 dollar a year income, to afford the median price of circa 1.3 mill that suburb gains. I doubt even if our high earning and hardworking Northshore regular BBSer came in at that level..
Someone on another thread said they wanted to move to Brighton here in Victoria. I explored this, and worked out you would need a 200,000 dollar a year income, to afford the median price of circa 1.3 mill that suburb gains. I doubt even if our high earning and hardworking Northshore regular BBSer came in at that level..
It's by no means the average price for SA, I'd say that's more around $350k to $400k.