British Expats - The Melbourne thread

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British Expats (https://britishexpats.com/forum/)

- Australia (https://britishexpats.com/forum/australia-54/)

- - The Melbourne thread (https://britishexpats.com/forum/australia-54/melbourne-thread-427876/)

mpgrewal

Feb 7th 2011 2:10 pm

Re: The Melbourne thread

Quote:

Originally Posted by Phlanger (Post 9160401)

About 35% of the "local population" rent as opposed to about 67% who either own outright or are living in a mortgaged property according to ABS..

I meant [no. of investors / no. of those looking to buy a house (but are forced to rent by outrageous house prices)], my guess was this propotion is 1/5 i.e. 80% but it may even be more perhaps 1/7.

mpgrewal

Feb 7th 2011 2:14 pm

Re: The Melbourne thread

Quote:

Originally Posted by DownUnderPaddy (Post 9160502)

Dude, you need to let go on the Chinese thing. You are starting to come across as a touch racist/xenophobic !

No, I am a fan of Chinese people. I believe China will overtake US very soon as the most respected country in the world. Read that they are building 200 new hi-tech cities in coming 20 years :thumbup:
Read here what China is capable of http://www.theage.com.au/business/cr...128-1a8b8.html

DownUnderPaddy

Feb 7th 2011 2:23 pm

Re: The Melbourne thread

Quote:

Originally Posted by mpgrewal (Post 9160512)

Oh dear. I think we have very different value systems. Human/Civil rights, Democracy, Tolerance, etc all score much higher for me than impressive economy stats.
Aus can certainly improve on its record (there is always room for improvement) but we are LIGHT YEARS ahead of China on those measurements. That is why I choose to live here.

Phlanger

Feb 7th 2011 2:24 pm

Re: The Melbourne thread

Quote:

Originally Posted by Petals (Post 9160431)

Another friend lived in an upmarket block in the city for 12 years and has recently sold and moved back to Brighton as the demographic of the owners was changing and they were beginning to feel that the body corporate could not longer operate to the benefit of the resident owners. Who did they sell to Indian people who were resident overseas for a residence for their children whilst at Uni. It was not a cheap apartment six figures.

The apartments are still being purchased for residential purposes, so I don't see the problem - foreign students are a cash cow for Melbourne's FE sector and the fees they or their families pay keep an overpriced roof over many melburnian heads.

House prices are high when the economy can withstand it; simple as that. Overseas earnings are part of the Australian economic picture, overseas ownership goes hand in hand with that.

Phlanger

Feb 7th 2011 2:29 pm

Re: The Melbourne thread

Quote:

Originally Posted by mpgrewal (Post 9160506)

I meant [no. of investors / no. of those looking to buy a house (but are forced to rent by outrageous house prices)], my guess was this propotion is 1/5 i.e. 80% but it may even be more perhaps 1/7.

I'm sorry I still don't get that;

This reads as - for each investment property purchased,5 to 8 households have to seek rental accomodation?

That simply doesn't make any sense.

DownUnderPaddy

Feb 17th 2011 7:45 pm

Re: The Melbourne thread

Melbournes Newest Suburb - Fishermans Bend

http://m.theage.com.au/victoria/fish...218-1az0r.html

Rambi

Feb 17th 2011 8:18 pm

Re: The Melbourne thread

Quote:

Originally Posted by DownUnderPaddy (Post 9184865)

Melbournes Newest Suburb - Fishermans Bend

http://m.theage.com.au/victoria/fish...218-1az0r.html

Cool. Another possibly smutty sounding suburb.

Bangholme is still my favourite. Especially when said with a pelvic thrust. :sneaky:

Buzzy--Bee

Feb 17th 2011 8:46 pm

Re: The Melbourne thread

Quote:

Originally Posted by Rambi (Post 9184920)

Cool. Another possibly smutty sounding suburb.

Bangholme is still my favourite. Especially when said with a pelvic thrust. :sneaky:

Bald Knob is my favourite. Although it is of course not in Melbourne.

BB

ozzieeagle

Feb 18th 2011 8:50 am

Re: The Melbourne thread

I've said this one before, but it's worth repeating on the smut side of things.

"Pakenham upper"

BadgeIsBack

Feb 18th 2011 9:34 am

Re: The Melbourne thread

Quote:

Originally Posted by ozzieeagle (Post 9186312)

I've said this one before, but it's worth repeating on the smut side of things.

"Pakenham upper"

Not so far from us...and you know what...never crossed my mind...:p

IndieG

Feb 18th 2011 5:24 pm

Re: The Melbourne thread

We went to look at a few rental properties and came across this house for sale. This place (as also similar houses down the same road) is renting for $750 p/w and according to the agent, the owner is looking for a minimum of $1.6M PLUS!
We really liked the house but after we did the sums they just didn't add up:)

http://www.domain.com.au/Property/Fo...did=2008815423

Buzzy--Bee

Feb 18th 2011 9:54 pm

Re: The Melbourne thread

I reckon 1.6 million for a big house on a big block with views in Kew is pretty reasonable!

BB

elice_in_oz

Feb 18th 2011 10:18 pm

Re: The Melbourne thread

Quote:

Originally Posted by Buzzy--Bee (Post 9187252)

I reckon 1.6 million for a big house on a big block with views in Kew is pretty reasonable!

BB

Yep, they usually go for more than that in Kew, even smaller blocks.

IndieG

Feb 18th 2011 10:20 pm

Re: The Melbourne thread

Quote:

Originally Posted by Buzzy--Bee (Post 9187252)

I reckon 1.6 million for a big house on a big block with views in Kew is pretty reasonable!

BB

Reasonable?...lol This house is renting for 750 p/w. House next door went for 650 p/w:

http://webcache.googleusercontent.co...www.google.com

No, my sums still don't add up, views and size notwithstanding. Especially when I can rent one for $750 p/w or even less

IndieG

Feb 18th 2011 10:21 pm

Re: The Melbourne thread

Quote:

Originally Posted by Buzzy--Bee (Post 9187252)

I reckon 1.6 million for a big house on a big block with views in Kew is pretty reasonable!

BB

PS: it is 1.6M PLUS

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