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#1771 | |||
I drank what?
Join Date: May 2006
Location: In a state of confusion
Posts: 570
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I will not be taking any criticism, constructive or otherwise.
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#1772 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
![]() Nearly a 10 bagger in one year.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#1773 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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With the "average house now 7 times the average annual salary" thing, and comparisons to average house to average salary when boomers were buying, I know it all can't be put down to this but you also need to look at the difference between an average house today versus the average house they were buying.
Based on Adelaide (so may not be the same in your states), but the average house being built here in 70s was 3 bedroom at most; much (MUCH!) smaller bedrooms than current with no walk in robes or built in robes; 1 small bathroom (no ensuite); no garage under main roof (not even freestanding carport either); small kitchen with single sink and stand-up oven that was your cooktop/oven/griller all in one (no cooktop with separate wall oven or underbench oven), no dishwasher, much less cupboards/cabinetry (no fridge provision cabinets etc); was not open plan (as someone looking to remove a load-bearing wall that **** adds lots of cost); very little choice of facade (no choice of renders and styles, just choice of brick colour or fibro/weatherboard); single lounge (no living room plus family room etc); maybe a single gas heater in lounge room and an airconditioner where a window would otherwise be (no ducted aircon and central heating, or ducted reverse cycle); and you'd add a verandah at your own cost later rather than than alfresco area under main roof; and just much smaller in size overall compared to the 'average' home now. Surely that is also some part of the difference. Edit: GET OFF MY LAWN!!! Last edited by Mulva; 13-11-2021 at 12:10 PM. |
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#1774 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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Why pick a house in the 70s? Houses didn't become wildly out of step with incomes til around 2000 onwards:
![]() And while, yes, houses have gradually been getting bigger for several decades, they've actually been shrinking again since 2012 (same time house prices started to boom again after the GFC): ![]() as has the median lot size for new developments: ![]() |
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#1775 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Was in direct response to comparisons to when boomers were first home buyers, which would have been in the 70s. That reason and that reason alone.
I wasn't the one that started comparison of current gen of first homer buyers versus boomers as first home buyers..."They started it" Looks like those posts have been deleted now anyway, so guess it is moot point |
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#1776 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Quote:
$40k price rise for identical builds 18 months apart. |
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#1777 | ||
FF.Com.Au Hardcore
Join Date: Jul 2010
Location: NSW
Posts: 4,324
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They're building a new housing estate a few kilometres from where I am. I couldn't believe the prices that are being asked.
In 2015 I bought my 820sqm block of vacant land for $315,000 Now in the new estate they have 800sqm blocks for $760,000 If people are willing to buy these overpriced blocks that means I wouldn't leave my house unless I could break the 7 figure mark. I now wish I kept the first house I bought in 2012 even though it was garbage under the surface. It was a much more desirable suburb than my current suburb. |
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#1778 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Cost of building has risen. Timber the culprit I believe.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#1779 | ||
PURSUIT 250
![]() Join Date: Mar 2009
Location: sydney
Posts: 5,775
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building materials have gone through the roof, 15% is not much, im quoting 35 to 40% more
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#1780 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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A perfect example of everyday you wait, you're just going to be paying more. I know this from experience
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#1781 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Until we can print houses. Its coming. Already started in the US.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#1782 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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I haven't been arsed with looking at the property market since I've been living in my place for 4 years now.
But it has got me interested again and I went for a drive the other day and **** me apartments and townhouses are in places where they were not before even here in **** end of Canberra. Holy **** they go up quick ![]() I also did more research where I'm at the moment and you need to offer me $700k+ before I'd even consider it. My townhouse is a bit more unique so I can ask for a lot more ![]() |
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#1783 | ||
If it ain't broke........
![]() Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,526
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A house on the beach at Sunshine Beach just below Noosa sold for 6.1 Million 3 years ago. They owners had done nothing to the house other than live in it. It has just sold again for 16.4 million.............
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Visitors welcome Relatives by appointment only |
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#1784 | |||
Donating Member
![]() Join Date: Oct 2013
Location: Wellington NZ
Posts: 11,092
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#1785 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Don't worry saint Jacinda is going to make it it all alright
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#1786 | ||
Donating Member
![]() Join Date: Oct 2013
Location: Wellington NZ
Posts: 11,092
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#1787 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,833
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Interestingly UPVC windows haven’t leapt in price so much as some of the basics. Here they’re (relatively) more affordable than a decade ago.
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#1788 | |||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,833
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#1789 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Just like the car industry issues I cant imagine a worse time to buy/build than now regardless of the interest rates.
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#1790 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,833
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I think July 2022 will be worse for these activities, at the consumer’s end. IOW, no confidence it will improve.
Et voici: https://www.abc.net.au/news/2021-11-...owth/100619410 How can this not increase upwards pressure on housing prices, if it comes to pass? I realise it’s at an “opinion shopping” stage but still a questionable approach. Last edited by Citroënbender; 15-11-2021 at 08:10 AM. |
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#1791 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Location: Perth
Posts: 1,661
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As long as states spend serious money in the regions and have migrants only relocate there it would be a good thing.
If we've learnt anything during the pandemic employers want a 'lower class' of fit, young and desperate workers they can abuse on threat of deportation, and the gov wants more tax payers. If business and governments want that then they also have to pay the bill of more land releases and services, better transport options etc. IE it's not free low paid workers, not free tax payers where they put the burden of mortgages or overpriced rent onto the individual to fatten the banks and have it all on credit/loans and housing always going up to protect property values. Businesses and governments have to start paying to play by starting to fix the situation by developing new satellite cities, developing existing major towns and transport etc. Stop putting huge costs or living and housing onto the people making it a ponzi scheme of 'price always go up' because debt levels become horrendous. Wage earners become slaves buried under debt for life, our kids/grandkids will have a much lower standard of living without being homeless, there's enough debt and problems in the near future as it is, who wants that? Last edited by oldel; 16-11-2021 at 12:38 AM. |
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#1792 | ||
Guest
Posts: n/a
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#1793 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Quote:
Perhaps you could suggest an alternative new house at that price in our area. |
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#1794 | |||
FF.Com.Au Hardcore
![]() Join Date: Nov 2007
Location: Riff
Posts: 12,354
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Quote:
heres a 600k Unit in Penrith. https://www.realestate.com.au/proper...town-137528570 And Penrith is 50+k from the city. Lucky its gods country though.... ![]()
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FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC |
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#1795 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
Don't look at Sydney prices in that case. I think a penthouse at the top of one of the new CBD buildings sold recently for $60 million. Yes, $60,000,000.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#1796 | |||
Guest
Posts: n/a
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Quote:
A penthouse on the top of a CBD building has no point of comparison to a very average townhouse with no particularly redeeming quality that justifies the price they're asking. |
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#1797 | |||
Guest
Posts: n/a
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Quote:
How are builders getting away with stuff like that ... |
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#1798 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,833
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I referenced that broader problem in another thread, the underscoring attitude is “Capital growth will get you over the line, what are you whining about?”.
In this instance I honestly wonder if an owner-builder permit might be a canny move. It offers the chance to take responsibility for aspects which were last time seen as under-managed. The SA regs for owner building aren't clearly laid out online and there may be sticking points with finance. |
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#1799 | ||
^^^^^^^^
![]() ![]() Join Date: Jan 2005
Location: online - duh
Posts: 9,634
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Private certifiers, engaged and paid by the builder
![]() Another function that should never have been privatised but should have been properly funded by the government(s) and kept in public hands.
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#1800 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,833
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It’s like accepting the vendor’s marine survey on a vessel.
![]() Worse with the certification nonsense in NSW and probably other states, is complying development. Coupled with a private certifier you can literally have zero forewarning of a large (“complying”) development next door or anywhere really. I’ve had it happen three times in twelve months. First you know is when they start removing asbestos or stripping the roof. Yet a proposal to open a laundromat 500m away is put through insane hoops. |
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