Re: Yachep
 

I don't think that it most peoples reason for moving here, but it's sadly now excludes some people from moving here at all. Many people wouldn't move accross the world knowing that they couldn't afford to buy a house. It's a shame as I'm in agreement with you, Perth is a wonderful place.

Re: Yachep
 

Of course it will put people off coming.

Perth could be the best place on the planet (not my view – nice but not that good) but that’s no use if you can’t afford to live here!

Re: Yachep
 

If it were expensive for what you get I would agree with you, but it isnt, its just not cheap like it used to be 5 years ago.

People need to forget what it used to cost, thats not relevant to today, regardless of it being the best place or not in someones view its still one of the most desirable places in the world for people to relocate to. You should expect to pay a premium for that, not for it to be cheap.

Re: Yachep
 

Know what you mean guys. The day I have to take a permanent job could be the day a significant rethink is required.....

Re: Yachep
 

I don't think that people are making relative comparisons. I'm not and I make a good wage. I'm certainly not thinking "It's not as cheap as it used to be so I won't buy". I'm thinking "I can't afford to buy in any place that I would want to live".

What I am doing is making comparisons with other parts of the world and other parts of Australia.

Re: Yachep
 

May be true, but it's still bloody annoying to think that purely due to bad timing you can only afford to live in a hoon infested dump of a suburb, when just three years ago you could also have been in Perthection :)

I think that thought alone is enough to make many people go elsewhere, even if the place is still as desirable as it was. It's sometimes hard to live with the feeling of having missed the boat, and better to distance yourself from it completely. I know this is not logical, captain, but I think this kind of psychology can come into play.

Re: Yachep
 

I think basically the old 'move to australia to have a smaller mortgage and so that one of you can give up work and stay home with the Kids' is not as acheivable as it once was, and for a lot of people that was a big drawcard. Probably what Dave who started this thread was trying to acheive. Not all people come here with a lot of money in the bank, and with the average earnings around the 40-50K mark it's quite expensive, but no dearer than back in the UK really. I suppose it depends on what you want out of life. It's a beautiful place to live.

Re: Yachep
 

Exactly the same thing was said by people arriving 3 years ago, "if only i'd moved here 3 years ago i could have lived in x,y or z suburb" it is and always has been an ongoing thing. The fact is the "hoon infested dumps of suburbs as you put it are the suburbs which will in a couple of years time be the places that people are recommending you settle in.

Lynn

Re: Yachep
 

Very true, I think it's very easy to not be bothered by the ridiculous price increses if you got in a few years back when prices were cheaper. Would the people who came over two years ago all have been able to afford anywhere near their expectations if they were coming over today?

Re: Yachep
 

I think probably not, in many cases.

Re: Yachep
 

I think it's just that the shift has been more extreme than ever before over the past three years. Previously, it could have been the difference between City Beach and Churchlands, or perhaps Sorrento if you want to be coastal. Now you'd be looking at Quinns Rocks. People previously looking at Hillarys might now be thinking about Clarkson. I think the impact on lifestyle is now much greater.

Re: Yachep
 

Thats the way of the world, not just Perth...Prices will almost always be cheaper in the past.
Why would anyone set their expectations above what then can afford? :confused: how could you ever be happy, your doomed from the outset surely.

For what you get where you get it Perth is still very good value for money.

Re: Yachep
 

People who came over 2 years ago were probably dissapointed that they couldn't afford the suburbs they could have afforded if they had come 2 years before that and big price increases are not just a new thing, there have been periods in the past where some suburbs have seen a growth of over 25% in 12 months. It all comes down to expectation and many people either rightly or wrongly believe that some areas are beneath them, despite them being 30 mions from the city and 5 mins from the ocean.

What you also have to ask is how many people who came here 2 years ago bought into the suburb they did because of the profit they made on their hugely inflated English home? Not everyone was lucky enough to be in that situation either.

Lynn

Re: Yachep
 

by expectations I simply mean any improvement on what they have in the UK.

Re: Yachep
 

Very true again, but there tends to be a lag as expectations adjust to catch up with the realities of the market. At the moment, expectations need to be downwardly adjusted to the sum of $40,000 a month, it seems.

Many people suffered this same fate in the UK, and it's a bit much to handle the second time around. Perth has a duty to be cheap!