coolshadows

It's all relative. Land prices are sky high at the moment, and building costs are high too.

king kong

Anyone moving to aussie for financial reasons is a nutter .............

Zambia

Depends what the job situation in your home country is like

man_called_Horse

Plenty of us have never had it as good, but really most people move to Australia for the lifestyle... and they still expect to make it quids in.

I think they been watching too many episodes of wanted down under, they want the big house in the best location for a price which is probably 3 years out of date.

JAJ

Less than 10 years ago, average houses in average suburbs in Perth were costing around A$150k. Add on 30% for inflation since then and you have about A$200k. The economy was reasonably healthy around the year 2000 so you have to ask what's changed since then.

There are various ways to look at whether real estate is overpriced but these include: a. ratio of average prices to average incomes (anything over 5 is problematic) and b. looking at prices versus rentals (a house should normally sell for 14 times the rental in most markets).

BadgeIsBack

Disagree. We did - and it worked out.

A professional, higher professional with a goodish home with equity in London and the SE might still do quite well, I think.

But it is certainly the hardest it has ever been this last 10 years.

king kong

yes very true , i made far more in australia but my debt was way higher ,so i was forced to work . In the uk my debt is low ,so the neccesity to work isnt there . Mainly due to far cheaper property prices .
Its just my experience as im living in a cheaper area [poole] ,which in my opion is way more beautiful and full of things to do than perth ever was ,so for me it was a no brainer , less income ,smaller house ,dont work so hard ,better place in my opinion.
Sure theres cheap places in aussie ,ie mukinbuddin but for me hardly the ideal compared to dorset .

king kong

i agree , you do need SE equity to have any life in australia these days .

koalakim

I had SE equity but still lost out thanks to the exchange rate......you can't win!

juddy

I suppose now would be a bad time to come to oz, what with the exchange rate, we came in 2006 so our money was worth alot more here, and we live in a house we could never afford in the south west of the UK, as for Jobs, we both earn more than we did in the uk, and do a lot less for it too, even if Australia worked out the same cost of living as the UK, we would still come here, its warmer, and overall a better place to live, no worries as the Ozy's, UK is a place to visit these days, but not to live there, its lost s its identity, and no one gives a toss about being British, hail the frence for banning the burka, in the UK, it would be more like we now have to wear the burka to please the Muslins...

And the most important thing to do, is dont come to OZ, and winge about things...

jimbo_d

As said above really depends on a lot of circumstances. Anyone working in Engingeering or mining would add a substantial amount to their pay check by emigrating from UK to Oz for instance, more than making up for any increases in costs of living. Horses for courses......

BadgeIsBack

...but...what is it with you people less then impressed with Australia and your spaces between the last word in the sentence and the full-stop. I can point to so many people over the years....

Don't tell me this is where you came unstuck looking for work....