Gday Guys and girls,
Long time reader, first time poster -
Living over here in Sunny Australia, Aint so SUNNY!
To Get things kicked off in my pre mousatachian youth I was very involved in the Automotive Scene, a large part of Australian culture is our motorsport with weekends away following our v8 racing, legal street car drags and 'homologated road car scene. After spending 10 years renting a home while maintaining, polishing and building these Australian cars and being involved in many Automotive Clubs, I have sold off all my Luxury Muscle Cars and paid all loans back to 0!!! Now driving a $1000 4 cylinder that is falling apart and a gearbox bill of nearly $2000 coming up!
THERE ARE NOT MANY CYCLE WAYS FOR COMMUNITING!!!!
So NO time away on weekends with my car mates anymore + Problem buying a home.
The Housing situation in Aus:
At the time of getting into this car scene (Early 2000's) , I had the opportunity to buy yet held off thinking there were blue skies ahead. NO! Housing Prices have nearly trippled since the 2000's with an entry level 3 bedroom home now starting at $700,000 in Sydney (2000's were around 300k). So still renting HALF a house (Duplex Town House) while I work out what to do. At half the price, buying further out past the ring (Of normality) is moving into Drug and Crime poverty areas + very LONG commuting times. The further you move INTO the city, the higher the property prices - with coastal properties starting at 2 Million dollars all the way up to $20 Million. It is not until you reach 2 and a half hour travel times on the outskirts of Sydney that you are paying under $500,000 for a small home. .
With a combined weekly income of $1500 and only spending $500 of that for a rental, for half a home? what can be done?