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Houses: What can I get.......

Discussion in 'The Pub' at netrider.net.au started by typhoon, Jul 21, 2007.

  1. For around $130-150k? Not too worried about region, east coast somewhere, Queensland is out! Closeish to a large centre, good job prospects, not ghetto!
    Any ideas or suggestions?

    Regards, Andrew.

  2. Hey, Andrew.

    Have you checked out some of the realestate sites?

    This is a good one. You can choose the area you're interested in and choose a price range. Might give you some idea of what's available.

    Good luck :)

  3. I prefer realestateview when looking at places. Don't know why, I just do :)
  4. Yeah, me too. A lot of agents seem to use them on their websites...

    Another newish one is http://property.com.au/. Very web 2.0 n' all that...
  6. Try the bush or outback Australia!
    You should be able to find something in that price range there. tease.

  7. Mental note : Do not buy near MG. :LOL:

    Regards, Andrew.
  8. Don't have to go that far out, you can still pick up a reasonable place in a rural city like Ballarat or Bendigo for around that price - and yet you're only an hour from Melbourne (which is a shorter commute than from many Melbourne suburbs). Don't know if there's equivalent locations in NSW though.
  9. laught30. Andrew.

    Flies & indiginous locals give you the shits, but hey, its cheap as! 016.
  10. That's easily fixed, Aerogard and Opal fuel wil clear both those problems up in no time! :shock:

    Regards, Andrew.
  11. Yep $150k will get you something small and simple here in bacchus Marsh.
  12. Any luck checking the website links given in this thread Typhoon?
  13. Yeah, been looking around, just getting a feel for prices and locattions etc. Will watch a few markets for a few months and see how they go.
    Thanks all!

    Regards, Andrew.
  14. All the best mate. :wink:

    These days its getting harder to realise that dream & more
    homes than ever are getting reposessed.
  15. Yeah have a look at the new commuting trains that bracksy is putting in, I commute from Mt Martha [$400k plus] but I reckon ballarat or bendigo would be cool. Well Ballarat is cold in winter! :shock:
  16. Bracksy aint puttin shit in anymore. :grin: read.


  17. Home ownership unattainable dream

    [related article]

    Home ownership unattainable dream
    Wednesday Aug 1 00:02 AEST

    Home ownership has become an unattainable dream for many low-
    to middle-income earners in Australia, a new report has found.

    The Beyond Reach report, undertaken by the Residential Development
    Council (RDC)
    , examines the cost of owning or renting a house or unit
    for six household "types", comprising different family and wage structures,
    in 16 metropolitan locations across the country.

    It shows owning a median-price home in almost any location in Aust-
    ralia requires a combined household income of about $100,000, while
    the average annual wage for workers is $55,000 a year.

    According to the report, not one of the 16 locations studied offered a
    median-priced home that was affordable on that level of income.

    In calculating affordability, the report used two different measures -
    that no more than 30 per cent of household incomes should go on
    housing costs, and a property should cost no more than three to four
    times the median household income.

    RDC executive director Ross Elliott said the research provided a more
    human angle on the affordability crisis.

    "If key workers necessary for society and the economy to function are being
    denied entry to the housing market, or if the option of a single income family
    is now completely shattered by the price of housing, we are faced with obvious
    long-term social and economic consequences,"
    he said.

    Mr Elliott said there were three major contributing factors to the housing
    affordability crisis: a lack of supply of land which had created artificial
    pressure on prices; a rapid escalation of upfront homebuyer taxes, fees,
    levies and charges; and excessive delays and costs in town planning

    Mr Elliott said RDC research showed that taxes on new homes were
    between 25 per cent and 33 per cent of the cost - a rise of 300 per cent
    to 400 per cent in the last five years.

    "State and local governments have added up to $100,000 to the price of a
    new home in the form of unsubstantiated home buyer infrastructure levies,"

    he said.

    "They've added to the problem by deliberately refusing to release sufficient
    land in the naive belief that people will be forced to live in higher density
    housing close to the city.

    "Then to make matters worse, they've presided over a worsening planning
    and development assessment system which is taking years longer and costing
    a great deal more for decisions but delivering no net benefit to the community
    and higher housing costs are the result."

    "The federal government cannot stand by and watch the future economic
    prosperity of a generation of Australians ruined by the policies of state and
    local government,"
    he said.

    "They need to intervene."

    [The RDC is the national residential advocacy arm of the Property Council
    of Australia]


  18. Stay Away From Melbourne

    Crisis puts home ownership out of reach

    Jen Kelly, Carly Crawford and Karen Collier
    August 07, 2007 12:00am

    MORE than 50 Victorians are being forced to surrender their homes every
    week as a major report reveals the nation's worsening housing crisis.

    The dream of buying a home in inner Melbourne has never been harder to
    achieve. There are forecasts that even middle suburbs could slip out of the
    reach of many home hunters within five years.

    Meanwhile, another report has revealed that more Australians are at least
    three months behind in mortgage repayments.

    And figures seen by the Herald Sun show that court orders for property
    repossession have tripled in six years.

    The Victorian Supreme Court issued 2734 possession orders in the year to
    June – a rate of 52 a week. That is up from from 897 orders in 2001.

    A Herald Sun survey of recent sales found that only homes far from the
    city or public transport, short of services, or in less popular areas
    remained affordable.

    Home buyers would need to head to Cranbourne, Hoppers Crossing,
    Sunshine, Dandenong
    and similar areas to buy an affordable house. :LOL:

    A report by the Urban Development Institute of Australia, released
    yesterday, showed housing prices have almost doubled on average during
    the last six years.

    Just 9 per cent of inner-Melbourne homes remained "affordable" last year,
    relative to household incomes. That was down from 42 per cent in 2001.

    The report found the average borrowing capacity of an inner-suburban
    family was almost $400,000 but the median house price was $640,000.

    Houses for less than $400,000 in the inner city, including North Melbourne,
    Richmond and Prahran, are all but impossible to find.
  19. Sorry, I don't buy the housing unaffordable line.
    I believe people have gotten used to a very high standard of living(expensive dining out multiple nights a week, new cars, regular holidays etc), and don't want to compromise it to save or actually pay a mortgage.
    Plus they want a brand new house 5 mins from work.
    Strange that I managed to buy a house 20 mins from a large city on $35k a year.........

    Regards, Andrew.
  20. Well not sure about 150k but I bought an acre with a 2 year old house 30mins out of Coffs for 215k :cool:

    plenty more around too :) been thinking of getting another and renting it out ?