[BITList] Oz expensive!

Sat Feb 25 11:35:19 GMT 2012

Wages are sky high but only in the mining sector and for the fat cats. Down
payment is, or should be 10% but I have heard of nil down payments.
$300,000 (200,000 pounds) will buy very small old house in an outer suburb,
$ 500,000 a modest house in a modest suburb, $800,000 a good house in a
good suburb,  1 to 2 million for a waterside house, two storey. But cost of
living is high on top of that, electricity is through the roof, so is
water, rates etc. I live in a retirement village and thankfully a lot of
the costs are defrayed, being a not for profit organisation we do not pay
council rates, electricity is slightly discounted, we use bore water for
the gardens, but over the last 10 years the cost of a unit in this village
has increased six fold.

My step son lives in a million dollar house, not overlooking the water but
in a modestly better suburb. The house is two story with four bedrooms.
Each bedroom is big enough to take two double beds and have enough room to
have an OGPU in. The entrance lobby takes up the two story, a huge dining
area, but the garden is the size of pocket handkerchief. A complete waste
of money. So the statistics are slanted.

The claim re expensive cities was made on TV about 10 days ago, must be the
same report you saw. However you can still live cheaply, or in the way I am
used to. I still have my beer and cheese, (I buy cheese in a farmers
market, absolutely debloodylicious, the green cheese is better that
stilton, the parmesan is the best I have ever had, especially the chilli
one, one I bought today I have not tried before is Margaret River  pepper
crumble, I know not another equivalent name) I buy local and well, run a
car have a small camper, and make the occasional overseas or interstate
trip (off to Thailand next month) and I have been retired 22 years, got
married 12 years ago expensive!? well no, not really. the younger
generation go for top row all the time. Must have their coffee breaks in up
market coffee shops, buy imported boutique beer, have every latest
electronic gadget on the market, two cars and a motor bike, bloody
expensive golf clubs, travel business class and max out their credit. My
ISP and phone cost combined is about $62 a month, my son pays
a god-damn awful amount, I know not what, but he pays for downloading at
some super speed to his ipad, then pays again for it to go to his computer
and yet again to his phone, I don't understand the system. There is no
concept of saving, THAT is what makes it expensive.

I work three days a week in a voluntary capacity and get paid generous
expenses, helps with the car and that's three meals a week I don't pay for,
and it keeps me off the streets, so for me Perth is not expensive, it's the
lifestyle the next generation lives that is expensive, so the people who
look at the statistics are looking at it the wrong way around. All the same
I am glad I am not buying a house. Now its time for a beer, local and the
cheapest and to my taste better than the imported beers, or so called
imported beers, they are made locally under licence and the mugs pay double.

Cheers

Dave

On 25 February 2012 14:48, x50type <x50type at cox.net> wrote:

> Yo Dave,
> Perth more expensive than hong kong --- wow, that is saying something.
> Wages must be sky high. What is the mortgage interest rate now? And the
> down payment?
> On the uk scene - I was talking to an old school friend of mine who has a
> Victorian  terrace house in York ;  I was astounded when he said they are
> going for abt 450,000 pounds - hell, for that I really can buy a 3 story
> mansion complete with jacuzzi and room for a pony here! I can buy a nice
> house here for one third of that.
> What is the world coming to?
> Ct
>
> Sent from my iPad
>
> On Feb 24, 2012, at 11:37 PM, David Harvey <bison at iinet.net.au> wrote:
>
> Yup, that is quite correct, prices went through the roof about 5 years
> ago, pushed up by speculators and the estate agents and the press didn't
> help. Perth is up there with them, more expensive than Sydney or Hong Kong,
> the effects of the mining boom. However prices are dropping quite a bit,
> but they are out of reach of the ordinary joe and with the present
> financial crises in various parts the market is very sluggish. My son (oil
> rig worker) had 5 houses and a big mortgage and decided to sell, he
> struggled to sell 3 of them and has given up on the other two. The rental
> market in Perth is extremely tight and once he decided to rent the two
> remaining houses they were gone within hours. It follows rents are also
> very high, right across Australia. My other son pays $500 a week for a very
> ordinary house in a very ordinary suburb of Melbourne.
>
> Dave
>
> PS I cry when I think of what I sold my home for before the craziness
> started.
>
> On 25 February 2012 13:19, <x50type at cox.net> wrote:
>
>>   telly program here – international house hunters; a couple were moving
>> to sydney from the usa.
>> they were wanting a family home in the sydney area – and were expecting
>> to pay $800,000 to 1 million for a nice house [not a 3 story
>> mansion].......................
>> I did not know australia had become so expensive, particularly the sydney
>> area, so I checked to see where it is internationally.
>> to my surprise it is the 7th most expensive city in the world just behind
>> paris. melbourne is 8th just ahead of singapore..................
>> comments from folks living in oz?
>> ct
>>
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