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Guest carl37

Which area of Aus will offer us the best chance of success?

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    Guest carl37

    Hi, I am thinking of moving to austraila with my wife and 3 children and would like to find out any info on , work oppartunaties as a carpenter/joiner and which areas offer best chances of finding work, which areas offer best value for money property prices. any help would be gratefully appreicated. Thanks Carl.

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    Guest Boomer

    Hi Carl

     

    I lived in Sydney for 3 years and looking at websites the real estate prices are expensive if you want to live in a decent area now. I am hopefully moving back to Oz and Brisbane looks better value for money. For $300k you can get a 3/4 bedroom place with Swimming pool.

     

    Good luck

     

    Boomer

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    Brisbane is now the 2nd most expensive city to buy Real Estate in :shock: This was on the online news...

     

     

     

    Brisbane is the nation's second-least affordable place to buy a house, eclipsing Melbourne.

    Only Sydney now has more expensive homes, with the average cost of house-and-land packages in Brisbane up to $365,000.

     

    In Sydney the cost is a hefty $428,000 but in Melbourne it is significantly cheaper at $270,000.

     

    The Housing Industry Association yesterday reported housing affordability in the past three months had increased slightly.

     

    However, it said for Australia's 1.6 million renting households the future prospects of being able to enter the racing property market were bleak at best.

     

    In its quarterly survey carried out with the Commonwealth Bank, the HIA found even Adelaide, long considered a bargain city, had an average cost of $260,000.

     

    HIA chief economist, Simon Tennent, said the price of land in Brisbane – particularly in the western corridor – had soared over the past year.

     

    The HIA has blamed rising land costs, and associated State Government-imposed taxes, for driving housing affordability to crisis levels.

     

    It estimates the price of land has jumped 70 per cent in recent years across Australia.

     

    "We have seen prices expand exponentially in Brisbane," Mr Tennent said.

     

    "Primarily that has been in the western development corridor and out to Ipswich.

     

    "The price of land there is up to $165,000 to $200,000 just for the block.

     

    "Whereas, in Melbourne you can still get land for the low $100,000s."

     

    HIA managing director Ron Silberberg said the June quarter affordability rose only because of income tax cuts.

     

    Increases in land costs and government taxes on property purchases were prompting the divide to deepen, he said.

     

    HIA estimates some blocks of land in Sydney incur $100,000 worth of taxes and charges.

     

    A consequence of the renting-owning divide could be the amount the government currently pays in rent assistance.

     

    Community Services Minister Senator Kay Patterson said that level was now about $2 billion a year to low-income earners.

     

    In the past five years, the national average mortgage has jumped from $140,000 to $212,000.

     

    "The main drivers of this miserable situation for home buyers . . . are still firmly in place while governments sit on their hands and hope for a miracle," Mr Silberberg said.

     

    "It most definitely has social implications that very few governments have acknowledged.

     

    "It took us a while to get into this mess, so it will take us a while to get out."

     

    Mr Silberberg said responsibility to improve the environment for renters to buy houses lay solely with the state governments.

     

    The HIA has lobbied for more unused land to be released to support further development and a reduction in taxes, particularly stamp duties.

     

    The affordability situation has become so dire that a national taskforce of housing and planning ministers has been established to help people on to the property ladder.

     

    The group will campaign to have affordability placed on the agenda of the next Council of Australian Governments meeting.

     

    Mr Tennent said the buying-renting chasm held deeper economic impacts.

     

    That people cannot afford to buy housing, he said, could prompt an economy-wide slowdown.

     

    The HIA's findings on Sydney follow a revelation from Reserve Bank Governor Ian Macfarlane recently that he believed Sydney housing was over-priced.

     

    Mr Macfarlane said prices in the capital were pushing young people and families to leave the city in search of cheaper housing.

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