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 22nd 2007, 5:53 pm
#61
BE Forum Addict
Joined: Mar 2007
Location: Brisbane, Australia
Posts: 3,521
Re: Housing how much ?
We're only 10kms away from CBD and it takes OH 15-20 mins to get into the city by scooter ..... as opposed to an hour by car, train or bus
Oct 22nd 2007, 6:00 pm
#63
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: Housing how much ?
My OH rides a scooter and has had some hairy experiences! You were right when you said that what takes an hour now may well take 2 in a few years; rush hour traffic has worsened drastically in the time I've been here (7yrs).
We're only 10kms away from CBD and it takes OH 15-20 mins to get into the city by scooter ..... as opposed to an hour by car, train or bus
We're only 10kms away from CBD and it takes OH 15-20 mins to get into the city by scooter ..... as opposed to an hour by car, train or bus
Train isnt an option for me but I could bus it into the CBD and that would take about 40mins but does tend to go round the houses a bit on route.
Oct 22nd 2007, 6:09 pm
#64
Where traffic lights rule
Joined: Aug 2006
Location: Brighton QLD
Posts: 2,460
Re: Housing how much ?
I like 20ks and it takes about 40-50 mins going in, less on my way home. But I take a few short cuts.
That is really bad, an hour by car to do 10km, I live about the same distance from Perth CBD and that would take about 20to 25 in rush hour, fortunately I work about 2km before I would get to the city and this roughly saves 10mins off the journey.
Train isnt an option for me but I could bus it into the CBD and that would take about 40mins but does tend to go round the houses a bit on route.
Train isnt an option for me but I could bus it into the CBD and that would take about 40mins but does tend to go round the houses a bit on route.
Oct 22nd 2007, 6:10 pm
#65
Where traffic lights rule
Joined: Aug 2006
Location: Brighton QLD
Posts: 2,460
Oct 22nd 2007, 6:20 pm
#66
BE Enthusiast
Joined: May 2007
Location: Gold Coast
Posts: 392
Re: Housing how much ?
We have just bought in Adelaide. And have been following the property market here for the last 6mths. It has just gone up and up
We were out bid on 3 property's before we managed to secure this one.
We were out bid on 3 property's before we managed to secure this one.
Oct 22nd 2007, 6:21 pm
#67
BE Forum Addict
Joined: Mar 2007
Location: Brisbane, Australia
Posts: 3,521
Re: Housing how much ?
That is really bad, an hour by car to do 10km, I live about the same distance from Perth CBD and that would take about 20to 25 in rush hour, fortunately I work about 2km before I would get to the city and this roughly saves 10mins off the journey.
Train isnt an option for me but I could bus it into the CBD and that would take about 40mins but does tend to go round the houses a bit on route.
Train isnt an option for me but I could bus it into the CBD and that would take about 40mins but does tend to go round the houses a bit on route.
thank god i don't have to do the commute anymore
Oct 22nd 2007, 6:22 pm
#68
BE Forum Addict
Joined: Mar 2007
Location: Brisbane, Australia
Posts: 3,521
Oct 22nd 2007, 6:27 pm
#69
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Re: Housing how much ?
To reduce the Mortgage to around 300,000 Aud, Which I reckon takes about 100,000 Aud of income to have any sort of Viable life, They would have to be bringing into Aussie Circa 165,000 quid, Thats a lot of capitol gain for the averaged age migrant of around 34 years old. 165,000 quid capitol gain, over say 10 years assuming they bought at age 24, is a hell of a lot of a property gain.
Plus people with an income of 150,000 Aud upwards, would surely for the most part be white collar workers, and coming to what is allegedly a far more restrictive employment market for people in the white collar arena. Like I say I'm dead surpsied. Moreso that people that expect to earn that income would want to come to Aussie where job and career prospects would be much worse ?
I must be assuming too much lol !
Ahh just figured maybe a lot are business owners. Now thats a subject for another thread.
Plus people with an income of 150,000 Aud upwards, would surely for the most part be white collar workers, and coming to what is allegedly a far more restrictive employment market for people in the white collar arena. Like I say I'm dead surpsied. Moreso that people that expect to earn that income would want to come to Aussie where job and career prospects would be much worse ?
I must be assuming too much lol !
Ahh just figured maybe a lot are business owners. Now thats a subject for another thread.
My OH's mate at work came out here from just outside London 6 months ago, and they had made £200,000 on their house in just over three years. That's a lot of equity he had for a house here.
Oct 22nd 2007, 7:03 pm
#70
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2005
Posts: 15,526
Re: Housing how much ?
We bought a house for £44,000 and sold it 18 months later for £95,000. All we did was put in a new kitchen (£4000 from B&Q) and painted every room.
My OH's mate at work came out here from just outside London 6 months ago, and they had made £200,000 on their house in just over three years. That's a lot of equity he had for a house here.
My OH's mate at work came out here from just outside London 6 months ago, and they had made £200,000 on their house in just over three years. That's a lot of equity he had for a house here.
Thats a hell of a lot of equity, I must say. Unless it cost a million quid to start off with lol ! However I doubt that. I was also under the impression that most of the first 5 years of a mortgage were more or less interest payments only, with hardly any inroads into the equity.
When I look at where I used to live growing up in South London, in the liveable suburb of Forest Hill, you can get 3 bed houses there for about 300,000 quid, (about 8 miles out from central london) I've based my assumptions on what I'm familiar with, its had an equity growth of about 40 pct in the past 10 years.
Oct 22nd 2007, 7:17 pm
#71
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Re: Housing how much ?
Thats a hell of a lot of equity, I must say. Unless it cost a million quid to start off with lol ! However I doubt that. I was also under the impression that most of the first 5 years of a mortgage were more or less interest payments only, with hardly any inroads into the equity.
When I look at where I used to live growing up in South London, in the liveable suburb of Forest Hill, you can get 3 bed houses there for about 300,000 quid, (about 8 miles out from central london) I've based my assumptions on what I'm familiar with, its had an equity growth of about 40 pct in the past 10 years.
When I look at where I used to live growing up in South London, in the liveable suburb of Forest Hill, you can get 3 bed houses there for about 300,000 quid, (about 8 miles out from central london) I've based my assumptions on what I'm familiar with, its had an equity growth of about 40 pct in the past 10 years.
I don't know how much his house cost - I didn't ask (although I might do now!) Of course he could also have been bullshitting
Oct 22nd 2007, 7:25 pm
#72
Enjoying the good life!
Joined: Feb 2007
Location: Bayside, Brisbane
Posts: 886
Re: Housing how much ?
Thats a hell of a lot of equity, I must say. Unless it cost a million quid to start off with lol ! However I doubt that. I was also under the impression that most of the first 5 years of a mortgage were more or less interest payments only, with hardly any inroads into the equity.
When I look at where I used to live growing up in South London, in the liveable suburb of Forest Hill, you can get 3 bed houses there for about 300,000 quid, (about 8 miles out from central london) I've based my assumptions on what I'm familiar with, its had an equity growth of about 40 pct in the past 10 years.
When I look at where I used to live growing up in South London, in the liveable suburb of Forest Hill, you can get 3 bed houses there for about 300,000 quid, (about 8 miles out from central london) I've based my assumptions on what I'm familiar with, its had an equity growth of about 40 pct in the past 10 years.
Oct 22nd 2007, 7:36 pm
#73
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2005
Posts: 15,526
Re: Housing how much ?
Been here 27 years plus now, Would love to end up with enough money upon retirement to spend time in the Northern Hemp Summer each year. Great place come from, for coping with lifes hurdles is Sarf London.
Feel similar to you, couldnt afford what I wanted or equal to here, back from whence I came.
Oct 22nd 2007, 9:06 pm
#74
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2005
Posts: 15,526
Re: Housing how much ?
Further comparison of Two Cities London and Melbourne....
A house very close to me, will probably fetch Aud 520,000 I would guess, definitely over 500,000 as the place has been swarming with people.
http://www.realestate.com.au/cgi-bin...&tm=1193129733
2 bedrooms, on a very small block.
Whereas Forest Hill London, a much nicer property by the looks of things, 3 beds. I realise it's at least Aud 250,000 dearer, but nicer than the place up the road from me. Most importantly Londons average city wage is a lot higher than Melbournes.
http://www.findaproperty.com/display...&agentid=12375
A house very close to me, will probably fetch Aud 520,000 I would guess, definitely over 500,000 as the place has been swarming with people.
http://www.realestate.com.au/cgi-bin...&tm=1193129733
2 bedrooms, on a very small block.
Whereas Forest Hill London, a much nicer property by the looks of things, 3 beds. I realise it's at least Aud 250,000 dearer, but nicer than the place up the road from me. Most importantly Londons average city wage is a lot higher than Melbournes.
http://www.findaproperty.com/display...&agentid=12375
Oct 22nd 2007, 9:53 pm
#75
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Housing how much ?
Further comparison of Two Cities London and Melbourne....
A house very close to me, will probably fetch Aud 520,000 I would guess, definitely over 500,000 as the place has been swarming with people.
http://www.realestate.com.au/cgi-bin...&tm=1193129733
2 bedrooms, on a very small block.
Whereas Forest Hill London, a much nicer property by the looks of things, 3 beds. I realise it's at least Aud 250,000 dearer, but nicer than the place up the road from me. Most importantly Londons average city wage is a lot higher than Melbournes.
http://www.findaproperty.com/display...&agentid=12375
A house very close to me, will probably fetch Aud 520,000 I would guess, definitely over 500,000 as the place has been swarming with people.
http://www.realestate.com.au/cgi-bin...&tm=1193129733
2 bedrooms, on a very small block.
Whereas Forest Hill London, a much nicer property by the looks of things, 3 beds. I realise it's at least Aud 250,000 dearer, but nicer than the place up the road from me. Most importantly Londons average city wage is a lot higher than Melbournes.
http://www.findaproperty.com/display...&agentid=12375
My experience on a recent trip to the UK is that you're looking at twice the price for a comparative area.
