Author Topic: Property in Australia  (Read 25198 times)

Freshwater

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Re: Property in Australia
« Reply #250 on: December 20, 2016, 09:34:17 PM »
There are not lots of people making a shedload of money. you just happen to live in a neighbourhood where people buy very expensive houses. The average Australian HOUSEHOLD has in income of $106k, while the median household gets $80k. However the top fifth are getting much richer than the other 80% - see https://www.theguardian.com/business/grogonomics/2015/sep/10/australias-rich-are-getting-richer-everyone-else-is-stagnating

I was just joking around Deborah, I'm well aware those people are not the average....!

nnls

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Re: Property in Australia
« Reply #251 on: December 21, 2016, 02:22:52 AM »
its a bit crazy in Sydney

http://www.news.com.au/finance/real-estate/buying/pintsized-apartments-snapped-up-for-top-dollar-as-governments-crack-down-on-minimum-sizes/news-story/a79761925759e9dc498e4cb236f48ee1

Quote
A micro-apartment in inner city Sydney, which has just 14sq m of floor space, has its toilet right next to its kitchen sink. And it sold last week for a whopping $350,000 a total of $25,000 per square metre.

Grogounet

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Re: Property in Australia
« Reply #252 on: December 21, 2016, 11:54:20 PM »
Well, this is not going to finish in good shape for the Aussie prop market

GT

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Re: Property in Australia
« Reply #253 on: January 05, 2017, 09:59:09 PM »
Apparently we are contemplating a move to Melbourne from Brisbane, this could be fun, I checked prices for the equivalent of what we have and had a lol.

alsoknownasDean

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Re: Property in Australia
« Reply #254 on: January 07, 2017, 03:35:25 AM »
I had a look at Adelaide prices earlier. It's cheap compared to here or Sydney. That said, I can still find somewhat affordable housing in Melbourne, but if I lived in Sydney I'd be considering a move.

I wonder how Adelaide housing would fare as an investment? Easier entry point and all of that.
« Last Edit: January 07, 2017, 03:37:01 AM by alsoknownasDean »

deborah

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Re: Property in Australia
« Reply #255 on: January 13, 2017, 12:37:11 PM »
I had a look at Adelaide prices earlier. It's cheap compared to here or Sydney. That said, I can still find somewhat affordable housing in Melbourne, but if I lived in Sydney I'd be considering a move.

I wonder how Adelaide housing would fare as an investment? Easier entry point and all of that.
A young friend of mine got into housing by buying in Geelong - better than a lot of places because it has a number of employers, and quite cheap. Then she bought a couple of other places in carefully selected regional Victorian cities with diverse industries. She seems to be doing very well.

alsoknownasDean

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Re: Property in Australia
« Reply #256 on: January 13, 2017, 05:45:53 PM »
I had a look at Adelaide prices earlier. It's cheap compared to here or Sydney. That said, I can still find somewhat affordable housing in Melbourne, but if I lived in Sydney I'd be considering a move.

I wonder how Adelaide housing would fare as an investment? Easier entry point and all of that.
A young friend of mine got into housing by buying in Geelong - better than a lot of places because it has a number of employers, and quite cheap. Then she bought a couple of other places in carefully selected regional Victorian cities with diverse industries. She seems to be doing very well.

Yeah Geelong isn't a bad area for that ($400K would get a house in many areas), especially the southern/south western suburbs. I'd be wary about buying in parts of the northern suburbs of Geelong as it might struggle after the closure of the Ford plant (it's already a lower SES area, and a major employer closing is never a good thing). Although is it a great idea to buy in an area with new housing being built nearby (there's lots of new development to the south of Geelong)?

Freshwater

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Re: Property in Australia
« Reply #257 on: March 13, 2017, 08:59:32 PM »
Funny!

https://www.domain.com.au/news/tennis-court-and-pool-sell-for-53-million-in-manly-house-not-included-20170313-guwvbw/

I walk up this street often, half the places look like shit boxes to me, or just too mansion-y! Spectacular views though.

Sydneystache

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Re: Property in Australia
« Reply #258 on: March 13, 2017, 11:59:49 PM »
Some of the best views on the northern beaches. The street where it is located is where we park to go down to Shelly Beach and snorkel. Still, you have to deal with Manly traffic, parking and locals. There are better places in the State for that type of dosh so looks like a trophy land buy.

There's a nice house, looks decrepit compared to its neighbours, with a gate and few steps that opens directly to Shelly, just across the forest walkway and cafe. Now, that would be a lovely buy. That, and the couple of fibro houses located at the bottom of Tamarama gully.

marty998

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Re: Property in Australia
« Reply #259 on: March 14, 2017, 12:44:45 AM »
We're all boned. Sydney is getting out of control.

I would have preferred if the boom ended 6 months ago and we flatlined... that way we would have been unlikely to have a crash. Every % it ticks up now means a bit more pain for those buying in now.

Absolute stupidity going on. 2 bed units going for over a million near where I am, ~30km from the city centre. Madness.

I actually agree with Abbott on this one (probably the only thing I agree with him on). The city is being choked with unchecked immigration... don't cut immigration completely, but politicians need to stop pretending the city can absorb over 100,000 immigrants a year + natural increase without straining the existing infrastructure, and without putting pressure on house prices because there are not enough houses near employment centres.

We are adding a population the size of Hobart to Sydney every 18 months. As I said, madness.

deborah

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Re: Property in Australia
« Reply #260 on: March 14, 2017, 12:51:24 AM »
Even more madness is the fact that Melbourne is growing faster than Sydney, and is expected to overtake it at some point. But Sydney is pretty constrained (Blue Mountains, Royal National Park, Harbour and Ocean, and Ku Ring Gai NP), whereas Melbourne's surrounds are pretty flat.
« Last Edit: March 14, 2017, 12:54:24 AM by deborah »

Freshwater

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Re: Property in Australia
« Reply #261 on: March 14, 2017, 09:17:01 PM »
Some of the best views on the northern beaches. The street where it is located is where we park to go down to Shelly Beach and snorkel. Still, you have to deal with Manly traffic, parking and locals. There are better places in the State for that type of dosh so looks like a trophy land buy.

There's a nice house, looks decrepit compared to its neighbours, with a gate and few steps that opens directly to Shelly, just across the forest walkway and cafe. Now, that would be a lovely buy. That, and the couple of fibro houses located at the bottom of Tamarama gully.

The worst bit is, they aren't even buying it, it's leasehold. I'll have a look for that house, but I don't fancy sweeping the sea out every year when there's a storm. I'd rather be on a cliff, but a couple of hundred metres back...