KIRK AND CO Posted July 22, 2013 Share Posted July 22, 2013 House prices & rents set to rise 46% by 2020 uk Link to comment Share on other sites More sharing options...
Guest The Ropey HOFF Posted July 22, 2013 Share Posted July 22, 2013 That's 46% more than what my wage is set to rise, I don't think it's sustainable TBH. Will you come back on in 2020 Kirk and let us know if it happened, I'm on tenterhooks thinking about it. ;-) Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 22, 2013 Share Posted July 22, 2013 First time buyers will be thrilled with that news. Link to comment Share on other sites More sharing options...
Guest51810 Posted July 22, 2013 Share Posted July 22, 2013 2020 is ages away, why care the now lol. I try and not think that far ahead with these things Link to comment Share on other sites More sharing options...
Parley Posted July 22, 2013 Share Posted July 22, 2013 Thats great news. Buy a house now and clean up. Link to comment Share on other sites More sharing options...
Wellers and Whitehead Posted July 22, 2013 Share Posted July 22, 2013 What's the deal with first time buyers putting down smaller deposits? Is that still available? What do you know about it? Link to comment Share on other sites More sharing options...
WeegieDave Posted July 22, 2013 Share Posted July 22, 2013 Seems like a very extreme statistic considering salaries will rise nowhere near that percentage. A lot of sh!t if you ask me! Link to comment Share on other sites More sharing options...
Guest Guest66881 Posted July 22, 2013 Share Posted July 22, 2013 Got a link to the claim mate? Link to comment Share on other sites More sharing options...
Guest51810 Posted July 22, 2013 Share Posted July 22, 2013 What's the deal with first time buyers putting down smaller deposits? Is that still available? What do you know about it? When we went to see about it im sure they said the smallest was 20%, could of just been our circumstances though. There was a scheme where the government lent you the deposit and you paid it back over so many years. Was called the LIFT scheme i think. That was for scotland but there was the same thing elsewhere, just named different Link to comment Share on other sites More sharing options...
Perthbum Posted July 22, 2013 Share Posted July 22, 2013 House prices & rents set to rise 46% by 2020 uk Hmmmmm, says who.? Don't believe everything you read in the papers......no one can predict the future. Link to comment Share on other sites More sharing options...
Quinkla Posted July 22, 2013 Share Posted July 22, 2013 House prices & rents set to rise 46% by 2020 uk The fact that this is even of interest to you indicates that you have no intention of emigrating. Link to comment Share on other sites More sharing options...
Guest The Ropey HOFF Posted July 22, 2013 Share Posted July 22, 2013 The fact that this is even of interest to you indicates that you have no intention of emigrating. To be fair about it, if it's true, does it really matter? there's people on here who have never been to Australia and never say they will, it takes all sorts at least Kirk doesn't get nasty like some, not aimed at you and you can have a laugh with him. Link to comment Share on other sites More sharing options...
newjez Posted July 22, 2013 Share Posted July 22, 2013 That's about 5% per annum. They would have called that tame in 2004. It's a tad high, but not too excessive. Didn't prices increase by that in a year in Oz? Link to comment Share on other sites More sharing options...
BritChickx Posted July 22, 2013 Share Posted July 22, 2013 We'll see in 7 years then Link to comment Share on other sites More sharing options...
dmjg Posted July 23, 2013 Share Posted July 23, 2013 If our apartment increases by 45%, it might be worth what we paid for it! Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2013 Share Posted July 23, 2013 I would say that could well be possible or at least 25%. For those of you thinking it cant be sustainable, just look at Perth, average wages below $100K and a decent sized house is at least $750 in an area which isn't miles into nowhere. How has that been sustainable - well a lot of personal debt, thats how. The UK is very cheap to buy anything at the moment in comparison to the rest of the world. I would say buying a place in the UK is a good bet over the next couple of years, a lot better than Australia which I read yesterday it was poised to fall into reccession. I wouldnt buy here in Perth but I wouldnt think prices will fall either, they just wont go up for 5 years. Link to comment Share on other sites More sharing options...
Quinkla Posted July 23, 2013 Share Posted July 23, 2013 For those of you thinking it cant be sustainable, just look at Perth, average wages below $100K and a decent sized house is at least $750 in an area which isn't miles into nowhere. How has that been sustainable - well a lot of personal debt, thats how. Yes, and interest rates are at record low levels in the UK and Australia. The level of personal debt may be sustainable with low rates, but if the rates rise you would have a problem. People on the edge now would not be able to sustain their debt, would have to sell and prices would fall. Link to comment Share on other sites More sharing options...
keily Posted July 23, 2013 Share Posted July 23, 2013 I would say that could well be possible or at least 25%.For those of you thinking it cant be sustainable, just look at Perth, average wages below $100K and a decent sized house is at least $750 in an area which isn't miles into nowhere. How has that been sustainable - well a lot of personal debt, thats how. The UK is very cheap to buy anything at the moment in comparison to the rest of the world. I would say buying a place in the UK is a good bet over the next couple of years, a lot better than Australia which I read yesterday it was poised to fall into reccession. I wouldnt buy here in Perth but I wouldnt think prices will fall either, they just wont go up for 5 years. you may be right about the average wage being under 100k buts have to disagree on price of a decent house being 750k ...we bought last nov in a decent area for 440k just had it valued at 530k ..... so prices are on the rise in my area at least :biggrin: mrs keily Link to comment Share on other sites More sharing options...
Quinkla Posted July 23, 2013 Share Posted July 23, 2013 ...we bought last nov in a decent area for 440k just had it valued at 530k ..... so prices are on the rise in my area at least Depends who is doing the valuation. If it's a lender they will use a qualified valuer and typically underestimate value; if it's an estate agent they will produce an "appraisal" rather than a valuation and they will typically overestimate. It's not uncommon for an estate agent to add 10-20% onto a valuation in the hope that you'll come to them for selling up. Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 23, 2013 Share Posted July 23, 2013 Yes, and interest rates are at record low levels in the UK and Australia. The level of personal debt may be sustainable with low rates, but if the rates rise you would have a problem. People on the edge now would not be able to sustain their debt, would have to sell and prices would fall. The interest rates in Aus can still fall though and a lot of economists are expecting a fall. The UK only has one way to go and that's up. Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 23, 2013 Share Posted July 23, 2013 Depends who is doing the valuation. If it's a lender they will use a qualified valuer and typically underestimate value; if it's an estate agent they will produce an "appraisal" rather than a valuation and they will typically overestimate. It's not uncommon for an estate agent to add 10-20% onto a valuation in the hope that you'll come to them for selling up. Agree but the crux of the post was to say you can get something in a nice area for a lot less than the $750K previously quoted. That's on the high side and you would get a really good property in a nice area for that and probably have choice of a few. Here's just one in Mount Lawley, a much sought after area near the City on sale for $719,000. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted July 23, 2013 Share Posted July 23, 2013 I have deleted, edited a number of posts on this thread (some may have been innocent but out of context now the thread has been tidied). FYI - Admin do NOT care whether a member is moving to Australia, moving to the UK, or not moving at all. A lot of us first found the forum when a move was hopefully on the cards, for some this has changed due to personal circumstances (which they DO NOT have to share with others). These people may have made friendships on here and enjoy coming on and chatting with their friends. There are a couple of members now who are struggling to get out here or may have changed their mind, I would be devastated if they stopped posting as it's people like them that are the heart and soul of the forum. Now please get back to the original topic Link to comment Share on other sites More sharing options...
Perthbum Posted July 23, 2013 Share Posted July 23, 2013 Agree but the crux of the post was to say you can get something in a nice area for a lot less than the $750K previously quoted. That's on the high side and you would get a really good property in a nice area for that and probably have choice of a few. Here's just one in Mount Lawley, a much sought after area near the City on sale for $719,000. God that's small....looks like a Wendy house....how much:eek: Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 23, 2013 Share Posted July 23, 2013 God that's small....looks like a Wendy house....how much:eek: It's a 3 bed place mate, who knows how far it goes back you can only see the front of the place. Deceiving some of those old properties. I could understand your response if I had whacked up a terrace but here's a detached place and your response is "it looks like a Wendy House". Lets have a look at a few of the thatched places round Stratford for a comparison eh! Link to comment Share on other sites More sharing options...
Quinkla Posted July 23, 2013 Share Posted July 23, 2013 It's a 3 bed place mate, who knows how far it goes back you can only see the front of the place. Deceiving some of those old properties. I could understand your response if I had whacked up a terrace but here's a detached place and your response is "it looks like a Wendy House". Lets have a look at a few of the thatched places round Stratford for a comparison eh! It is teeny tiny: http://www.realestate.com.au/property-house-wa-mount+lawley-114202163 Even the real estate photos show the rooms can barely hold minimal furniture. And telling that there's no floor plan. Link to comment Share on other sites More sharing options...
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