Sydney living cost estimates
Dec 4th 2010, 6:37 am
#46
Guest
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Re: Sydney living cost estimates
).
In general, when we moved from Sydney to the Redlands, we found general living costs to be very similar, but the houses were cheaper.
The houses cost comparison has of course now changed round, with our QLD house having risen much more than the Sydney one, in % terms and $ terms, since 2003.
Dec 4th 2010, 6:42 am
#47
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Re: Sydney living cost estimates
It ALSO highlights the difference between the then high and the now low rates which is what, after all, I was doing.
Do you feel that we should not use extreme examples to highlight the extreme changes ?
Dec 4th 2010, 6:44 am
#48
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Sydney living cost estimates
Fair enough, the average might be more of a useful comparison to the extremes though.
Dec 4th 2010, 6:58 am
#49
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Location: Hope Island, Gold Coast
Posts: 1,920
my poor Mrs wonders why we came to Aus when it rains so much.
Dec 4th 2010, 7:14 am
#50
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Re: Sydney living cost estimates
However...
Using each years average FX rate, the value of £32,000 would have been:
$84,316.50 2000
$89,968.21 2001
$88,446.92 2002
$80,408.26 2003
$79,729.47 2004
$76,214.82 2005
$78,258.04 2006
$76,222.73 2007
$69,564.19 2008
$63,425.77 2009
$51,200.00 Dec 2010
However the extremes have gone from:
Oct-1976 at 1.282 (£32,000 = A$41,024)
to
Sep-2001 at 2.990 (£32,000 = A$95,680)
Dec 4th 2010, 9:25 am
#52
Home Sweet Home
Joined: Jan 2010
Location: Surrey, England
Posts: 5,128
Re: Sydney living cost estimates
Just wanted to add that I agree with all of the above. I'm lucky to be on a good wage but our rent alone ($800 pw) is equivalent to a $70,000 salary. We're living nicely and putting money into savings but on anything like an average wage I would not want to try to live in Sydney.
Dec 4th 2010, 11:40 am
#53
aussie married to a brit!
Joined: Nov 2008
Location: UK
Posts: 302
Re: Sydney living cost estimates
With the way the UK £ has crashed against the A$, your income will have been affected very badly in Australia.
For example; £32,000 at 2003 FX rates would be about A$90,000, but is now only about $51,000, so a massive drop in your spending power.
I can understand anyone that is earning British Pounds needing to leave here now.
For example; £32,000 at 2003 FX rates would be about A$90,000, but is now only about $51,000, so a massive drop in your spending power.
I can understand anyone that is earning British Pounds needing to leave here now.
when we went to the uk first off the pound was 3:1, and that hurt, and now, we have the other end of the stick in the other direction with 1.6 : 1....
can't seem to win!
yes, if you take housing out of the equation, then sydney is no more expensive than any other in aus,however, for alot of people who are either young and have no previous equity to buy a house, or who have to rent for whatever reason, housing costs are the primary expense, so they are certainly relevant in our world!
Dec 4th 2010, 11:47 am
#54
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Sydney living cost estimates
yes, if you take housing out of the equation, then sydney is no more expensive than any other in aus,however, for alot of people who are either young and have no previous equity to buy a house, or who have to rent for whatever reason, housing costs are the primary expense, so they are certainly relevant in our world!
Dec 5th 2010, 10:33 am
#55
Guest
Posts: n/a
Re: Sydney living cost estimates
I'll have to try harder to explain in clearer English I suppose...
Any chance you could convert this into something that explains it better.. My English never was very good at school.
Any chance you could convert this into something that explains it better.. My English never was very good at school.
With the way the UK £ has crashed against the A$, your income will have been affected very badly in Australia.
For example; £32,000 at 2003 FX rates would be about A$90,000, but is now only about $51,000, so a massive drop in your spending power.
For example; £32,000 at 2003 FX rates would be about A$90,000, but is now only about $51,000, so a massive drop in your spending power.
Dec 5th 2010, 10:42 am
#56
Guest
Posts: n/a
Re: Sydney living cost estimates
yes, it has sucked big time!
when we went to the uk first off the pound was 3:1, and that hurt, and now, we have the other end of the stick in the other direction with 1.6 : 1....
can't seem to win!
yes, if you take housing out of the equation, then sydney is no more expensive than any other in aus,however, for alot of people who are either young and have no previous equity to buy a house, or who have to rent for whatever reason, housing costs are the primary expense, so they are certainly relevant in our world!
when we went to the uk first off the pound was 3:1, and that hurt, and now, we have the other end of the stick in the other direction with 1.6 : 1....
can't seem to win!
yes, if you take housing out of the equation, then sydney is no more expensive than any other in aus,however, for alot of people who are either young and have no previous equity to buy a house, or who have to rent for whatever reason, housing costs are the primary expense, so they are certainly relevant in our world!
Only 6 per cent of house sales within the average first home buyer purchasing range were within 10km of the CBD.
However 38 per cent of opportunities within the apartment and townhome sector were within 10km of the capital city CBD’s.
However 38 per cent of opportunities within the apartment and townhome sector were within 10km of the capital city CBD’s.
However, although Average House Prices drop to $425,000 in outer Sydney, the Units and Townhouses only drop to $325,000.
With the average First Home buyers mortgage being $292,734 in NSW, I would guess that many of them are actually buying Units or Townhouses in Outer Sydney. Their average mortgage being 90% of the Units or Townhouse average price.
