Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

Quality of Life, & property prices

Quality of Life, & property prices

Old May 29th 2005, 4:28 pm
  #1  
Forum Regular
Thread Starter
 
Joined: Jan 2005
Location: Dublin ireland
Posts: 40
Shadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really nice
Default Quality of Life, & property prices

Since I have decided in own mind that I will make a decision in a year or so about applying to Australia I have been researching things connected with it and comparing things both here and down there

I have spent the last while browsing property sites both here in Ireland and Oz to compare and contrast. It has shown me one depressing fact. I would struggle to afford even a one bed apt in this country. The average price is between E185k/E200k. Even with the equity I have now its not enough for here unless I find a wife But if I look at the real estate websites for Oz I find that I could afford to buy OUTRIGHT

Its cetainly a huge factor in my thinking. The way things are here I suspect the emigration of those priced out of the housing market will begin sooner rather then later

For those doing the maths in Australian prices the price range of a 1 bed apt in the Dublin commuter belt is $304k/$330k give or take a few bob

I feel after that
Shadowfox is offline  
Old May 29th 2005, 5:30 pm
  #2  
Forum Regular
 
Australia Bound's Avatar
 
Joined: Apr 2005
Posts: 255
Australia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of lightAustralia Bound is a glorious beacon of light
Default Re: Quality of Life, & property prices

Yeah but Dublin is considered one of the trendiest places to live in the whole world.

That said, i've never seen the appeal with either Dublin or London, or the bloody West End of Glasgow, have you seen the property prices there?

So, if those things don't matter to you then you're making the right choice.
Australia Bound is offline  
Old May 29th 2005, 5:41 pm
  #3  
Forum Regular
Thread Starter
 
Joined: Jan 2005
Location: Dublin ireland
Posts: 40
Shadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really nice
Default Re: Quality of Life, & property prices

Originally Posted by Australia Bound
Yeah but Dublin is considered one of the trendiest places to live in the whole world.
Trendy ??. More like pretenious !!.

Right decision ??. Thats why I'm researching it now, so I'll have a basis on which to make it when the time comes
Shadowfox is offline  
Old May 29th 2005, 6:01 pm
  #4  
Proudly Deplorable
 
Amazulu's Avatar
 
Joined: May 2003
Location: Alloha snack bar
Posts: 23,496
Amazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond repute
Default Re: Quality of Life, & property prices

Originally Posted by Australia Bound
Yeah but Dublin is considered one of the trendiest places to live in the whole world.

That said, i've never seen the appeal with either Dublin or London, or the bloody West End of Glasgow, have you seen the property prices there?

So, if those things don't matter to you then you're making the right choice.
I don't get this either. Although I think Ireland is a great place (Galway is brilliant), I don't get the appeal of Dublin. It's a pretty drab & grey place & is just as expensive, or even more so than London for a night out.
Amazulu is offline  
Old May 30th 2005, 7:43 am
  #5  
Forum Regular
Thread Starter
 
Joined: Jan 2005
Location: Dublin ireland
Posts: 40
Shadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really nice
Default Re: Quality of Life, & property prices

Originally Posted by Amazulu
I don't get this either. Although I think Ireland is a great place (Galway is brilliant), I don't get the appeal of Dublin. It's a pretty drab & grey place & is just as expensive, or even more so than London for a night out.

Dublin would be about the same as London and yes it is seriously overrated. I've lived here for 15 years and in that time I have seen it decline seriously. Its now like some mutant beast running out of control
Shadowfox is offline  
Old May 30th 2005, 12:26 pm
  #6  
NJJ
BE Forum Addict
 
NJJ's Avatar
 
Joined: Jul 2004
Location: Victoria
Posts: 1,243
NJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to behold
Default Re: Quality of Life, & property prices

Originally Posted by Shadowfox
Dublin would be about the same as London and yes it is seriously overrated. I've lived here for 15 years and in that time I have seen it decline seriously. Its now like some mutant beast running out of control

best you dont try sydney or melbourne then lol :scared:
NJJ is offline  
Old May 30th 2005, 12:31 pm
  #7  
Forum Regular
 
Joined: Jan 2005
Posts: 103
klmar is an unknown quantity at this point
Cool Re: Quality of Life, & property prices

Originally Posted by NJJ
best you dont try sydney or melbourne then lol :scared:
Explain???????????????
klmar is offline  
Old May 30th 2005, 12:36 pm
  #8  
NJJ
BE Forum Addict
 
NJJ's Avatar
 
Joined: Jul 2004
Location: Victoria
Posts: 1,243
NJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to behold
Default Re: Quality of Life, & property prices

Originally Posted by klmar
Explain???????????????

party on paddy!!
NJJ is offline  
Old May 30th 2005, 12:37 pm
  #9  
Forum Regular
Thread Starter
 
Joined: Jan 2005
Location: Dublin ireland
Posts: 40
Shadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really nice
Default Re: Quality of Life, & property prices

Originally Posted by klmar
Explain???????????????

Indeed Explain
Shadowfox is offline  
Old May 30th 2005, 12:44 pm
  #10  
NJJ
BE Forum Addict
 
NJJ's Avatar
 
Joined: Jul 2004
Location: Victoria
Posts: 1,243
NJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to beholdNJJ is a splendid one to behold
Default Re: Quality of Life, & property prices

Originally Posted by Shadowfox
Indeed Explain

OK , melbourne's not quite as Party on paddy as dublin yet but some parts of inner sydney are very much so especially at weekends.
NJJ is offline  
Old May 30th 2005, 12:46 pm
  #11  
Forum Regular
Thread Starter
 
Joined: Jan 2005
Location: Dublin ireland
Posts: 40
Shadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really niceShadowfox is just really nice
Default Re: Quality of Life, & property prices

Originally Posted by NJJ
OK , melbourne's not quite as Party on paddy as dublin yet but some parts of inner sydney are very much so especially at weekends.

I won't be going for the partying
Shadowfox is offline  
Old May 31st 2005, 12:21 am
  #12  
BE Enthusiast
 
Joined: Oct 2004
Location: Berkshire
Posts: 360
sackofspuds has a brilliant futuresackofspuds has a brilliant futuresackofspuds has a brilliant futuresackofspuds has a brilliant futuresackofspuds has a brilliant futuresackofspuds has a brilliant future
Default Re: Quality of Life, & property prices

Originally Posted by Shadowfox
I would struggle to afford even a one bed apt in this country. The average price is between E185k/E200k. Even with the equity I have now its not enough for here unless I find a wife But if I look at the real estate websites for Oz I find that I could afford to buy OUTRIGHT
Yup, Ireland seriously overpriced. Just remember though:

1. Oz is in the middle (at the end?) of as big a property bubble as Ireland or the UK. Prices might seem cheap from here but average house prices are 6x average earnings or thereabouts. More like 8x in Sydney.

2. If you buy in Ireland you'll be leveraging your investment, ie, you'll be buying an asset with borrowed money. If you buy for cash in Oz you won't be leveraging it. If prices continue rising the gap in prices between what you could have borrowed to buy in Ireland and what you bought for cash in Oz will grow such that you won't be able to afford to return. Conversely, if prices fall in both countries that gap will narrow.
sackofspuds is offline  
Old May 31st 2005, 1:00 am
  #13  
Forum Regular
 
Joined: Aug 2003
Location: Bournemouth > Bribie Island, Queensland>Brisbane
Posts: 234
Amanda&Paul is just really niceAmanda&Paul is just really niceAmanda&Paul is just really niceAmanda&Paul is just really niceAmanda&Paul is just really niceAmanda&Paul is just really niceAmanda&Paul is just really niceAmanda&Paul is just really nice
Default Re: Quality of Life, & property prices

[QUOTE=sackofspuds]Yup, Ireland seriously overpriced. Just remember though:

1. Oz is in the middle (at the end?) of as big a property bubble as Ireland or the UK. Prices might seem cheap from here but average house prices are 6x average earnings or thereabouts. More like 8x in Sydney.

I would agree - earnings to property ratio here for a reasonable apartment in Brisbane is approx $250 - 350K, could be x6 - x8 as earnings are lower in Aus/Brisbane. Assuming you decide to borrow at least part of this amount - the mortgage will cost you more as interest rates are higher here.
Amanda&Paul is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.