KIRK AND CO Posted January 8, 2015 Share Posted January 8, 2015 The couple on wanted down under thought this was a horrendious price, jesus what were they expecting I was expecting a lot more. Quote Link to comment Share on other sites More sharing options...
AJ Posted January 8, 2015 Share Posted January 8, 2015 Thats cheap, where were they in Perth? Even a 3x1 craphole in the suburb I live is over $500,000! Quote Link to comment Share on other sites More sharing options...
dmjg Posted January 8, 2015 Share Posted January 8, 2015 'Twas pounds kirk quoted in A J, not dollars Quote Link to comment Share on other sites More sharing options...
AJ Posted January 8, 2015 Share Posted January 8, 2015 (edited) I know that but 267000 pounds is $496,782 will is still much cheaper than a 3 x 1 craphole where I live! Edited January 8, 2015 by AJ Quote Link to comment Share on other sites More sharing options...
Que Sera Sera Posted January 8, 2015 Share Posted January 8, 2015 Depends where it is. Perth Metro Area is huge.According to moneycorp £267,000 is $500,000 so about right? Lots to be had for that price in the outer suburbs. Quote Link to comment Share on other sites More sharing options...
jac2011 Posted January 8, 2015 Share Posted January 8, 2015 We've been looking at Butler properties and would like to spend under $500,000 and I thought the first property looked pretty nice with potential for that price. Quote Link to comment Share on other sites More sharing options...
KIRK AND CO Posted January 8, 2015 Author Share Posted January 8, 2015 I suppose I should give the couple some leyway as they had a superb 4 bed house in scotland £190000 but if there house was in the newbury area £750000 plus. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 8, 2015 Share Posted January 8, 2015 (edited) Depends what year too. The dollar has gone between 2.5 and 1.5. So could be anywhere between 670k and 400k Though if it's recent its likely quite cheap Edited January 8, 2015 by Guest Quote Link to comment Share on other sites More sharing options...
Phoenix16 Posted January 8, 2015 Share Posted January 8, 2015 Its very reasonable for Perth, a bargain to be honest as you wouldn't get anything close to that price in suburbs fairly near the CBD or around the Freo area where I am but by the same token it's a helluva lot of money in sterling and I really do empathise with people migrating these days. Not all of us are old enough to have made shed loads on the UK property market that was and starting over again in Perth is pretty daunting... Quote Link to comment Share on other sites More sharing options...
Que Sera Sera Posted January 8, 2015 Share Posted January 8, 2015 Its very reasonable for Perth, a bargain to be honest as you wouldn't get anything close to that price in suburbs fairly near the CBD or around the Freo area where I am but by the same token it's a helluva lot of money in sterling and I really do empathise with people migrating these days. Not all of us are old enough to have made shed loads on the UK property market that was and starting over again in Perth is pretty daunting... It's in Butler I believe so outer suburbs. Quote Link to comment Share on other sites More sharing options...
KIRK AND CO Posted January 8, 2015 Author Share Posted January 8, 2015 Depends what year too. The dollar has gone between 2.5 and 1.5. So could be anywhere between 670k and 400k Though if it's recent its likely quite cheap early 2014 Quote Link to comment Share on other sites More sharing options...
HappyHeart Posted January 8, 2015 Share Posted January 8, 2015 Its very reasonable for Perth, a bargain to be honest as you wouldn't get anything close to that price in suburbs fairly near the CBD or around the Freo area where I am but by the same token it's a helluva lot of money in sterling and I really do empathise with people migrating these days. Not all of us are old enough to have made shed loads on the UK property market that was and starting over again in Perth is pretty daunting... It's relative to earnings though Quote Link to comment Share on other sites More sharing options...
Phoenix16 Posted January 8, 2015 Share Posted January 8, 2015 It's relative to earnings though Agree! Still daunting mortgages these days though! Quote Link to comment Share on other sites More sharing options...
jac2011 Posted January 8, 2015 Share Posted January 8, 2015 It stated it was $480k at the time of airing. For Perth prices and with a relatively large garden I thought under $500k was good. It did need minor redecorating but it was perfectly fine to live in. I suppose though, these things do look different on TV. Hope I don't get a shock when I am there! Quote Link to comment Share on other sites More sharing options...
HappyHeart Posted January 8, 2015 Share Posted January 8, 2015 Agree! Still daunting mortgages these days though! I don't know, it's not my experience. My mortgage is just a bit more than my rent was. I suppose it depends what you buy, we did get a bargain at a good time. Quote Link to comment Share on other sites More sharing options...
Que Sera Sera Posted January 8, 2015 Share Posted January 8, 2015 Our mortgage is $100 a week less then our rent was. Quote Link to comment Share on other sites More sharing options...
Xenon4017 Posted January 8, 2015 Share Posted January 8, 2015 Our mortgage is $100 a week less then our rent was. But is your mortgage for the full cost of the house? If not, how would the costs compare if you had to borrow the full price of the house? (Assuming you're buying a similar house to the one you rented) Quote Link to comment Share on other sites More sharing options...
Que Sera Sera Posted January 8, 2015 Share Posted January 8, 2015 But is your mortgage for the full cost of the house? If not, how would the costs compare if you had to borrow the full price of the house? (Assuming you're buying a similar house to the one you rented) No because we built from new and on completion our house was worth 25% more than the cost of the build. Quote Link to comment Share on other sites More sharing options...
Phoenix16 Posted January 8, 2015 Share Posted January 8, 2015 Well as migrants we all adapt, and we all manage to find our own little bit of OZ to call our own, I'm certainly very happy with mine but I was empathising with people contemplating migration, it's a bit of a shock when you see pretty regular houses with price tags above $1 mil but again it's relative to wages! Quote Link to comment Share on other sites More sharing options...
HappyHeart Posted January 8, 2015 Share Posted January 8, 2015 Well as migrants we all adapt, and we all manage to find our own little bit of OZ to call our own, I'm certainly very happy with mine but I was empathising with people contemplating migration, it's a bit of a shock when you see pretty regular houses with price tags above $1 mil but again it's relative to wages! Yeah I know what you mean Jessie but it's not like housing is cheap in the UK either. It depends where you are, if you compare major cities in UK to the CBD the price of housing is way more affordable in certain areas, no different here. You pay for location. Or peoples idea of desirability. I guess coming and wanting to buy immediately still with the mentality of converting to pounds or with a deposit (in pounds) it will 'seem' more expensive than it actually is...housing costs what it costs and you pay what you're prepared to pay...like with food and cars etc, one mans gravy beef is anothers fillet steak. Depends on your expectations and aspirations. Quote Link to comment Share on other sites More sharing options...
HappyHeart Posted January 8, 2015 Share Posted January 8, 2015 One of the Doctors at work was banging on about his 'bargain' block he bought in Cottesloe for 1.6 million; me...I can't get my head around that when I think what 1.6 million would buy in another area...but to people who already live there or in similar areas, with similar incomes...it's a bargain!!! Quote Link to comment Share on other sites More sharing options...
Guest51810 Posted January 8, 2015 Share Posted January 8, 2015 That's so expensive to me. Where I live you can get a really nice house for 100k and you can get plenty other good houses for cheaper than that too. Not that I'll ever be in a position to buy anytime soon! I remember when me and Dave were trying to move I liked having a nosey at the really posh houses online lol Quote Link to comment Share on other sites More sharing options...
Que Sera Sera Posted January 8, 2015 Share Posted January 8, 2015 (edited) That's so expensive to me. Where I live you can get a really nice house for 100k and you can get plenty other good houses for cheaper than that too. Not that I'll ever be in a position to buy anytime soon! I remember when me and Dave were trying to move I liked having a nosey at the really posh houses online lol Not that different from us though. Stacey we left with £10,000 in total for 2 adults and 2 kids. It was scary beyond belief , but we'did it because we wanted to. Edited January 8, 2015 by Que Sera, Sera Quote Link to comment Share on other sites More sharing options...
HappyHeart Posted January 8, 2015 Share Posted January 8, 2015 When you look at comparative wages it's not as it seems. For example, a newly qualified nurse in the UK earns 21,00 pounds in Perth it's $61,000. If you look at housing costs as a percentage of average earnings its different Quote Link to comment Share on other sites More sharing options...
Phoenix16 Posted January 8, 2015 Share Posted January 8, 2015 happy heart!! I totally agree with you! We had to rent our Uk home initially because of the GFC when we came here, eventually 3 years later we sold it for $75k less than we bought it, just luckily we owed slightly less on the mortgage so coming here really felt like starting again and at 43 years old you don't want to take on a mega mortgage!!! I know what you mean about the Cottesloe block, it's crazy money and I really couldn't get my head round it, I bet it's not a big block too!!! i do agree about location, for us it's about how much of a commute hubby will do, also I do think it's about where you start, we rented round here and kind of fell in love and built up a bit of a friendship circle and just got used to the area so when it came to buy we didn't look at what we could get in other areas we just looked at what we could afford in the area we had fallen in love with and is in life it involved compromises!! one good thing about the GFC is that if we had come here with the cash up front for a deposit we would have made a big mistake, we needed to get over the honeymoon period get the rose tints off and get real, luckily we had no choice!! Quote Link to comment Share on other sites More sharing options...
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