Australia housing bubble

[pottery beige]

Originally Posted by MITCHAY

Well hasn't this thread had quite a bit of traffic lately. I have finally moved into my place after getting new carpet and paint and it has been pure bliss.

So glad to be off that train looking for a place

congrats bud

[MITCHAY]

Originally Posted by pottery beige

congrats bud

Cheers mate. I just have to wait a bit until I get my blockout curtains and blinds installed and it will look amazing

[roKWiz]

Originally Posted by .:4:.

Nah mate. It was $14 for table service.

Man tax. ?

[Sox]

Originally Posted by PG2

Only woolworths lite white for me. I only work 38 hours per week, it's all I can afford.

Lite milk is just watered down normal milk.

Originally Posted by mcflux

I missed out on an overtime shift today, looks like I'm having my coffee* black this week

* International Roast instant decaf

IR is tits moite...



The major cities are crazy $$ and crap to live in anyhow.
You don't have to live in the country to get cheap housing, I'm on the outskirts of a major city and have the best of both worlds.
Close enough to good paid work and cheapish property (acreage to boot!).

I would move to the country in a hearbeat though, Broken Hill is nice, as is Alice Springs.
Some of the very remote rural towns are also very cool.

[roKWiz]

Originally Posted by Sox

The major cities are crazy $$ and crap to live in anyhow.

Walked past some hovel slum in Sydney's inner west yesterday, filthy dump under a flight path. Couldn't park a gogo mobile in the drive.
For Sale 1.3m. This is what people aspire to ?

but it had a coffee shop round the corner.

[Work Horse]

Originally Posted by roKWiz

Walked past some hovel slum in Sydney's inner west yesterday, filthy dump under a flight path. Couldn't park a gogo mobile in the drive.
For Sale 1.3m. This is what people aspire to ?

but it had a coffee shop round the corner.

Did the coffee shop serve smashed avo?

Did you happen to notice if there were any other shops nearby where someone could purchase milk at 2am.

If so it sounds perfect, no one in the city buys milk at 2am but everyone wants the option.

[TEZG]

Originally Posted by Work Horse

Did the coffee shop serve smashed avo?

Did you happen to notice if there were any other shops nearby where someone could purchase milk at 2am.

If so it sounds perfect, no one in the city buys milk at 2am but everyone wants the option.

There does need to be options re the milk available of course i.e. lite, lactose free, skim, A2, protein plus, soy, almond, rice milk, lite soy, lite skim etc.

"Milk" is not just milk you know.

[mcflux]

It's not City Milk unless it's 2am permeate-free single-origin barista (the milk AND the barista are single-origin) A2-activated mochafrappeccino drone-delivered by Jörg, an Uber-Eats / Red Bull champion drone pilot.

Now with Vitamin-R

[Franco Cozzo]

Originally Posted by TEZG

There does need to be options re the milk available of course i.e. lite, lactose free, skim, A2, protein plus, soy, almond, rice milk, lite soy, lite skim etc.

"Milk" is not just milk you know.

I just want milk that tastes like real milk?

[.:4:.]

Originally Posted by roKWiz

Man tax. ?

Nah none of that. They charge more because they had to find the can opener and also remember how to change the temp on the microwave.

[roKWiz]

Originally Posted by roKWiz

Walked past some hovel slum in Sydney's inner west yesterday, filthy dump under a flight path. Couldn't park a gogo mobile in the drive.
For Sale 1.3m. This is what people aspire to ?

Sorry OP I did try to bring this thread back on track but I think there's an unnatural obsession with milk here.

Surprised smashed avo's aren't served with breast milk in Newtown.....maybe they are are at 2am.

[TEZG]

Originally Posted by roKWiz

Sorry OP I did try to bring this thread back on track but I think there's an unnatural obsession with milk here.

Surprised smashed avo's aren't served with breast milk in Newtown.....maybe they are are at 2am.

So you've looked ?

[mr smith]

Originally Posted by Work Horse

Did the coffee shop serve smashed avo?

Did you happen to notice if there were any other shops nearby where someone could purchase milk at 2am.

If so it sounds perfect, no one in the city buys milk at 2am but everyone wants the option.

I had a work colleague tell me the virtues of his inner Melbourne suburb and all that is on offer. I asked how often he frequented these places, "never, I cant afford to" was the answer.

[.:4:.]

Originally Posted by mr smith

I had a work colleague tell me the virtues of his inner Melbourne suburb and all that is on offer. I asked how often he frequented these places, "never, I cant afford to" was the answer.

Mate I see it all the time, look like a king yet live like a peasant. It's a myth to achieve a lifestyle you cannot afford and don't want to work for because it eats into the desired lifestyle. I moved to a house I bought in an area further out then I've ever lived but it beats the hell out of spending stupid amounts on rent for a poxy 2 bedroom unit. Cost of living is way down. Also I feel bad for kids who grow up never having a backyard so I wanted one of those for my son. Can fit 3 cars on the driveway and get them out independently with the boat beside the house. The local woolies only usually stocks 1 or 2 avocados because there a low volume seller. I can live much more then Joe hipster in Newtown.

[Beastie]

Originally Posted by Sox

Lite milk is just watered down normal milk.



IR is tits moite...



The major cities are crazy $$ and crap to live in anyhow.
You don't have to live in the country to get cheap housing, I'm on the outskirts of a major city and have the best of both worlds.
Close enough to good paid work and cheapish property (acreage to boot!).

I would move to the country in a hearbeat though, Broken Hill is nice, as is Alice Springs.
Some of the very remote rural towns are also very cool.

[Bossxr8]

I've just put down a deposit on a house and land package. Luckily it's very close to where I grew up in a middle class suburb in Geelong, so it's affordable. If I was buying the same house and land in Melbourne it would probably cost double.

Demand for housing down here is increasing rapidly as people have been priced out of the market in Melbourne and people are starting to realise it's only an hour to Melbourne from here, which is probably quicker than it is for some people in the outer suburbs of Melbourne who have to battle traffic jams every day.

Luckily I hate avo so I can afford a new house.

[TEZG]

Originally Posted by Sox

Lite milk is just watered down normal milk.



IR is tits moite...



The major cities are crazy $$ and crap to live in anyhow.
You don't have to live in the country to get cheap housing, I'm on the outskirts of a major city and have the best of both worlds.
Close enough to good paid work and cheapish property (acreage to boot!).

I would move to the country in a hearbeat though, Broken Hill is nice, as is Alice Springs.
Some of the very remote rural towns are also very cool.

Mate of mine just moved to Broken Hill, bought a house after being there for a month, 70k, just rewired, new roof, double garage, no palace but just right for him, laughing.

[olfella]

Originally Posted by TEZG

Mate of mine just moved to Broken Hill, bought a house after being there for a month, 70k, just rewired, new roof, double garage, no palace but just right for him, laughing.

Now that is moving to the country. Bloody nice place

[olfella]

Originally Posted by Franco Cozzo

I just want milk that tastes like real milk?

Would that be low fat, skim, reduced fat, light, high protein, no fat, high calcium, organic, lactose free, permeate free, A2 or even flavoured? Take your pick. And we have not touched on soy yet - but they all taste like milk

[TEZG]

Originally Posted by olfella

Now that is moving to the country. Bloody nice place

he grew up in the bush so no probs there, my other half likes it too so it must be ok (north shore girl, Sydney), somewhat hard to please.

[MITCHAY]

I want my ****ing curtains so I can sleep in. It's driving me nuts

[roKWiz]

Originally Posted by MITCHAY

I want my ****ing curtains so I can sleep in. It's driving me nuts

Your not on Northbourne Ave are you ?

[olfella]

Originally Posted by MITCHAY

I want my ****ing curtains so I can sleep in. It's driving me nuts

Daylight saving soon and they will fade. Best hold off till around November

[XB GS 351 Coupe]

Originally Posted by BENT_8

Why on earth would anyone want too, I just don't get it, you may retire with hundreds of thousands of dollars of cash and assets but you cant buy the precious time you've missed with your family, that's if you have the energy and time to make one after working 12hr days every day of the week.

And what for in the end, you cant take it with you and if you've raised your children well enough they shouldn't need you to set them up.
This idea that the we have to be the saving grace for future generations is laughable, do you think anyone will care how many hours you worked, how much you saved and how much you went without to achieve it, no way, they'll just complain to their psych that their Father wasn't there for them during their impressionable years, been there seen it all before.

Don't get me wrong, if that's your thing them go for it, but the expectation that its the only way to lead a successful existence is a myth at best.

I think you missed the point, do the hours when you are young so you can enjoy life with the family, guess what my day was today, get up at 9:00am, breakfast, gym, an hours horse riding with my daughter then went fishing with both kids for three hours this arvo, and I am only in my 40's working an average of three days a week just to cover running expenses

Tomorrow will be similar, next week going camping, fishing and hunting while everyone else is at work.

So doing 70-80hr weeks has well and truly paid off.

[XB GS 351 Coupe]

Originally Posted by ba-wagon

"No different then and no different now."

That's the thing. ...
It IS different.

When my father started out, an average male wage could afford to
-buy a house
-buy a car
-get married to a woman (who did not have paid work)
-raise a family

It's MUCH harder for my generation and it's going to be MUCH harder again for my kids generation.

The question that needs to be asked is
"Is this what we want for Australian society?"

You can still do that, if you buy the same modest house and modest car, get rid of all the luxuries, etc etc.

My first place was a three bedroom townhouse with no A/C, for ten years we has a water bottle and a pedestal fan to get us through summer, drove a $2000 car for 15 years that we ran into the ground.

[XB GS 351 Coupe]

Here you go a house in a nice country town on a massive block with plenty of work for 65K.

http://www.moreerealestate.com.au/18613335

$275K on the mid north coast NSW, 15 minutes from the best beaches again plenty of work:

https://www.domain.com.au/34-bushlan...430-2013786059

[roKWiz]

There sure are some cheap houses out there if your prepared to live outside the rat run box, then I wonder how you would pay for it if you didn't have the work locally.
Adapt or die I guess.
Years ago a job was for life now the average job is contracted for maybe 5 years max. Kind of makes it hard to secure any type of long term loan to pay for these big ticket items.

I question an older generation who lucked out on buying cheaper houses years ago in places like Sydney, selling them as the property market soured and bought up all the cheaper houses on the North Coast now going through it's own boom.
I feel sorry for genuine first home buyers who don't want to make money from a roof over their heads.

[GasoLane]

Originally Posted by XB GS 351 Coupe

I am only in my 40's working an average of three days a week just to cover running expenses

How many hours a day... or how many hours over the three days ?

https://www.brisbanetimes.com.au/mon...22-gyn6vs.html

Imagine paying nearly $50,000 a year in council rates on top of mortgage repayments for properties that no one wants to rent.

That's the position that real estate agent and investor, Bella Exposito finds herself in after going all in and buying up 19 properties in the Queensland mining town of Moranbah.

"About 70 per cent of my wages is going out on mortgage repayments, and rates are on top of that cost. It makes me feel sick and very angry," she says.

In 1995, the median house price in Moranbah was only $13,000 and it peaked at a whopping $580,000 in late-2012. Since then property values have nearly halved.

Homes that were once fetching as much as $4000 a week, are now lucky to be tenanted for $500 a week.

For some time now Bella has been a vocal critic of the property downturn in the Queensland mining town of Moranbah, which she blames on the Labor Government under Anna Bligh, approving fly-in-fly out workers.

"Before miners would settle in the local area, but now 70 per cent are opting to fly in and fly out, and they are not even coming into town to shop with buses taking them from the airport to work, and back again.

Wow, what a nerve.
She buys up a whole bunch of housing when it's dirt cheap, planning on being able to take advantage of the $4000/week rent costs and is now "all sick and very angry" because the mining boom has passed and noone wants her properties anymore. She contributed to the cause of the inflated prices and is now cracking the sads that the prices have come back down.

Sounds like just desserts to me. Especially with her being a real estate agent, I bet she grabbed those properties for herself before even advertising them as on the market.

[danzvtil]

Originally Posted by leesa

https://www.brisbanetimes.com.au/mon...22-gyn6vs.html



Wow, what a nerve.
She buys up a whole bunch of housing when it's dirt cheap, planning on being able to take advantage of the $4000/week rent costs and is now "all sick and very angry" because the mining boom has passed and noone wants her properties anymore. She contributed to the cause of the inflated prices and is now cracking the sads that the prices have come back down.

Sounds like just desserts to me. Especially with her being a real estate agent, I bet she grabbed those properties for herself before even advertising them as on the market.

Agree, this Bella chick didn't take her own advice about not putting her eggs in one basket, she speculated and lost, that's the risk we all take when buying any property.