Severely unaffordable housing market in Australia

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Jan 27th 2009, 4:10 am

#61

bcworld

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Joined: Jun 2007

Location: Melbourne

Posts: 10,994

Re: Severely unaffordable housing market in Australia

Quote:

Originally Posted by Grayling

Where is brisbane west

You won't buy a house in any of the suburbs round here for $380k

there must be a lot of cheap houses somewhere if that is really the median.

where are all the cheap ones?

I used to live in Mount Gravatt East and it was classified in 'Brisbane West'.

I always thought it was odd because not only is it south of the city, it's also EAST of the city!

Jan 27th 2009, 5:22 am

#62

kporte

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Re: Severely unaffordable housing market in Australia

Quote:

Originally Posted by Grayling

I don't dispute that your figures are correct....I don't understand the classifications though.

As I said, west of the suburbs I mentioned, there are no houses apart from a few in the Forest and they won't be cheap.

I hope people realise that when discussing Brisbane house prices that the figures are based on a huge area and that many 'suburbs' are an awful long way from the city centre.

G

We come under city of Brisbane out at the centenary suburbs. 12km from the cbd. Houses out here are around these figures and would qualify as west brisbane. Have found it a very good area to live and much overlooked. you will get a decent home out here for that price and whilst the homes haven't rocketed in price over the years, neither have they dropped dramatically with lows in the market.
I do appreciate that some people want to be nearer the cbd but in my case this is not a problem, in fact a positive

Jan 27th 2009, 6:19 am

#63

asprilla

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Joined: Jan 2005

Location: Brisbane

Posts: 4,298

Re: Severely unaffordable housing market in Australia

Quote:

Originally Posted by Grayling

You will be hard pushed to find houses in those areas for $380k

You'll be hard pushed to find houses in that area with asking prices of $380k, that much is true.... but it's very easy to find wooden shacks, sorry I meant "desirable queenslanders that need a bit of work done", with a true value of approx $380k.

Though I'm sure their owners would never agree.