Guest The Pom Queen Posted July 23, 2013 Share Posted July 23, 2013 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. They say this every year never has yet. Link to comment Share on other sites More sharing options...
flybyknight Posted July 23, 2013 Share Posted July 23, 2013 with the typical boom and bust nature of real estate, coupled with inflation, i think 46% is probably about right for 7 years. i'd hope for a bit more tbh, but the uk is pretty broke atm! Link to comment Share on other sites More sharing options...
keily 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. maybe so but even if u take 30k of that figure ...it has still rose in value by 60k in 8 months ... so no complaints from me mrs keily Link to comment Share on other sites More sharing options...
Guest The Ropey HOFF 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! Houses in Australia are on average almost three times the size of houses in the UK, it does look small compared to the average Australian house, but it's likely it is far bigger than the average house in the UK. Link to comment Share on other sites More sharing options...
Quinkla Posted July 24, 2013 Share Posted July 24, 2013 maybe so but even if u take 30k of that figure ...it has still rose in value by 60k in 8 months ... so no complaints from me mrs keily I take it that it was an estate agent appraisal then. Look, I don't want to rain on your parade but the scale of increase you are talking about is out of line with national data that suggests Perth home prices are up only marginally against the rate of inflation: http://au.news.yahoo.com/thewest/a/-/wa/17464319/perth-home-prices-buck-trend/ If the estate agent inflated the price by between 10-20% that could account for all the supposed increase. If you want an accurate value, you have to get a professional valuer to do it. Link to comment Share on other sites More sharing options...
Guest Guest66881 Posted July 24, 2013 Share Posted July 24, 2013 God that's small....looks like a Wendy house....how much:eek: They go back a fair way usually, smaller bedrooms but full of charm, personally not our thing but it is a lovely area, what's your gaf like then PB? Link to comment Share on other sites More sharing options...
Quinkla Posted July 24, 2013 Share Posted July 24, 2013 They go back a fair way usually, smaller bedrooms but full of charm, personally not our thing but it is a lovely area, what's your gaf like then PB? But look at the photos. The sitting room is barely twice the length of the piano and barely wider than the sofa. The dining room doesn't seem to have space for all the dining chairs to be used (the table has been put almost against the wall) and the bedrooms are barely big enough for the beds - shoving double beds up against walls is not a good look. This house is very well kept, but it is also very small, presumably designed for an age when people and furniture were smaller. Link to comment Share on other sites More sharing options...
Guest Guest66881 Posted July 24, 2013 Share Posted July 24, 2013 But look at the photos. The sitting room is barely twice the length of the piano and barely wider than the sofa. The dining room doesn't seem to have space for all the dining chairs to be used (the table has been put almost against the wall) and the bedrooms are barely big enough for the beds - shoving double beds up against walls is not a good look. This house is very well kept, but it is also very small, presumably designed for an age when people and furniture were smaller. Like i said not our thing, but very popular nonetheless. One bedroom apartments go for similar money around that area, so to have bedrooms and a garden and all detatched is great value (in that area). Link to comment Share on other sites More sharing options...
Guest Guest66881 Posted July 24, 2013 Share Posted July 24, 2013 Same area different dwelling similar prices, horses for courses and all that. http://www.realestate.com.au/property-townhouse-wa-mount+lawley-114006211 Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 24, 2013 Share Posted July 24, 2013 But look at the photos. The sitting room is barely twice the length of the piano and barely wider than the sofa. The dining room doesn't seem to have space for all the dining chairs to be used (the table has been put almost against the wall) and the bedrooms are barely big enough for the beds - shoving double beds up against walls is not a good look. This house is very well kept, but it is also very small, presumably designed for an age when people and furniture were smaller. They have room for a piano and furniture in the same room? My Mum and Dad had a fairly big house, semi detached 3 bedroom, big garden. They had a piano in the front room and that would have been about the same as this place. Most of the houses where we had our house in the UK you wouldn't have been able to put a piano in, unless you also used it for sitting on. When my folks moved to Melton Mowbray they had to pay more than their house was worth in Chesterfield for a bungalow that didn't have enough room to put in the piano. They couldn't give it away, no-one wanted it. The post wasn't really about the size of the place anyway though. It was in reply to someone saying you couldn't buy something in a decent suburb for less than $750k, which is clearly bunkum. Link to comment Share on other sites More sharing options...
Wellers and Whitehead Posted July 24, 2013 Share Posted July 24, 2013 I just don't get the houses are bigger oz V's UK debate. It all depends in what area you live in any country, how much you can afford to pay, etc etc. I have visited people who own fab sized houses but I could never afford over 1 million for a property in oz. I have friends who own fab sized houses in UK, much cheaper but again, Sydney is not comparable to living in the country in North Yorkshire. I could never afford to buy a nice property in oz, but I could in York. Depends where you live like I say. Link to comment Share on other sites More sharing options...
keily Posted July 24, 2013 Share Posted July 24, 2013 I take it that it was an estate agent appraisal then. Look, I don't want to rain on your parade but the scale of increase you are talking about is out of line with national data that suggests Perth home prices are up only marginally against the rate of inflation: http://au.news.yahoo.com/thewest/a/-/wa/17464319/perth-home-prices-buck-trend/ If the estate agent inflated the price by between 10-20% that could account for all the supposed increase. If you want an accurate value, you have to get a professional valuer to do it. houses in my area are going up at an incredible rate I have been keeping an eye on them even although ive already bought ...we will however be getting it valued in nov by the bank as we wana do some structural work .....and to be honest I wouldn't believe everything or come to that anything the papers say about real estate ..... there is obviously a demand for housing in my area and therefore pushing the prices up .... although we don't plan on selling anytime soon so not real money in our pocket mrs keily Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 24, 2013 Share Posted July 24, 2013 houses in my area are going up at an incredible rate I have been keeping an eye on them even although ive already bought ...we will however be getting it valued in nov by the bank as we wana do some structural work .....and to be honest I wouldn't believe everything or come to that anything the papers say about real estate ..... there is obviously a demand for housing in my area and therefore pushing the prices up .... although we don't plan on selling anytime soon so not real money in our pocket mrs keily All depends on area doesn't it. They must be going up round us too, For sale sign out one day, under offer pretty soon after. Guess it's got to slow down someday but no sign of it yet. I reckon there is still plenty of money to be made in the newer estates North and South. Anywhere near the Ocean that aren't established yet and in a few years it should be worth a lot more. Not that it does you any good if you like where you are living and don't want to move, it's just pie in the sky. We used to get letters from the bank all the time about borrowing money against our house to go on holiday, buy a new car, have a bigger amount on our visa, get an American Express Gold Card. There is the road to ruin in my eyes. We just used to bin the letters every time. Link to comment Share on other sites More sharing options...
Guest The Ropey HOFF Posted July 24, 2013 Share Posted July 24, 2013 I just don't get the houses are bigger oz V's UK debate. It all depends in what area you live in any country, how much you can afford to pay, etc etc. I have visited people who own fab sized houses but I could never afford over 1 million for a property in oz. I have friends who own fab sized houses in UK, much cheaper but again, Sydney is not comparable to living in the country in North Yorkshire. I could never afford to buy a nice property in oz, but I could in York. Depends where you live like I say. It's based on overall averages. The article we read is about home sizes in the UK. The Brits' homes are actually the smallest, on average, for all of Europe! US: 2,300sf Australia: 2,217sf Denmark: 1,475sf France: 1,216sf Spain: 1,044sf Ireland: 947sf UK: 818sf Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 24, 2013 Share Posted July 24, 2013 It's based on overall averages. The article we read is about home sizes in the UK. The Brits' homes are actually the smallest, on average, for all of Europe! US: 2,300sf Australia: 2,217sf Denmark: 1,475sf France: 1,216sf Spain: 1,044sf Ireland: 947sf UK: 818sf That and walking round just about any suburb should tell you that, on average, Aussie houses are bigger than ones in the UK. Link to comment Share on other sites More sharing options...
Guest The Ropey HOFF Posted July 24, 2013 Share Posted July 24, 2013 That and walking round just about any suburb should tell you that, on average, Aussie houses are bigger than ones in the UK. Obviously you can get a good sized house here in the UK, no one is saying you can't, it's an average size thing, like you say, just looking round the suburbs in Oz, you can see they are a lot bigger, what struck me were the lack of semi detached, terraced houses and flats, they are everywhere in the UK, but I hardly saw any in Australia, I know there is some, but they are in the minority, but in the UK they are the majority, which is why the average size is so small compared to the average size in Australia. Link to comment Share on other sites More sharing options...
JGayle Posted July 25, 2013 Share Posted July 25, 2013 Well this is all sounding good to me actually! We bought our house in London in December having had our offer accepted in August 2012 when the housing market was at it's lowest point. Our house is a little two bed place with good size garden. If the UK market goes up the way it's supposed to then we should be moving over to Oz 2016ish with a good deposit (plus savings) in our pockets and having lived somewhere so little even the smallest Perth homes should feel roomy by comparison. Link to comment Share on other sites More sharing options...
newjez Posted July 26, 2013 Share Posted July 26, 2013 Obviously you can get a good sized house here in the UK, no one is saying you can't, it's an average size thing, like you say, just looking round the suburbs in Oz, you can see they are a lot bigger, what struck me were the lack of semi detached, terraced houses and flats, they are everywhere in the UK, but I hardly saw any in Australia, I know there is some, but they are in the minority, but in the UK they are the majority, which is why the average size is so small compared to the average size in Australia. Have you been to East Perth? Aussies tend to do upmarket terrace and flats. Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 26, 2013 Share Posted July 26, 2013 Have you been to East Perth? Aussies tend to do upmarket terrace and flats. They had a big chance with East Perth to whack in few nice boozers right by the river and make it a really nice area to visit. A bit of competition might have kept the prices down too. The pub there is nice and it's a good place to have a walk round BUT the one pub is expensive and they charge the earth for parking. Only been once, heaps of places to go where you can park free and have a selection of places to eat and drink. Great outlook though and a lot better than it used to be. Link to comment Share on other sites More sharing options...
keily Posted July 26, 2013 Share Posted July 26, 2013 I honestly don't know why people coming to oz think that having a big house is summit special ..... they are harder to heat / cool down .....take a lot more upkeep and if ur a couple or on on ur own then most of the rooms are never used except for visiting rellies ...we only bought a 4x2 as our daughter, partner and grandson are currently living with us .... but give it a few years and we will be downsizing :biggrin: mrs keily Link to comment Share on other sites More sharing options...
Paul1Perth Posted July 26, 2013 Share Posted July 26, 2013 I honestly don't know why people coming to oz think that having a big house is summit special ..... they are harder to heat / cool down .....take a lot more upkeep and if ur a couple or on on ur own then most of the rooms are never used except for visiting rellies ...we only bought a 4x2 as our daughter, partner and grandson are currently living with us .... but give it a few years and we will be downsizing :biggrin: mrs keily For a lot of people, us included, a 4x2 in the UK was beyond our wildest dreams. Link to comment Share on other sites More sharing options...
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