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Canberra real estate comparison. Six McMansions worth an island?

By johnboy - 14 September 2011 57

island

Imagine an island 2 miles from the centre of Copenhagen, imagine a 200 room building on that island made out of two and a half million tons of solid granite. Imagine a harbour, and a helipad.

How many suburban Canberra houses would be worth that?

Well Private Islands has Kings Island going for a bit under $10 million.

Compare and contrast to what $1.6 million will get you in Campbell.

campbell house

Nothing inflated in our market?

What’s Your opinion?


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57 Responses to
Canberra real estate comparison. Six McMansions worth an island?
Jim Jones 12:23 pm 14 Sep 11

Deref said :

johnboy said :

A mcmansion is a large house on a standard suburban block.

Make that half a suburban block. Add “cheaply built to maximise block coverage and interior space at the expense of quality and with no no consideration for climatic suitability.”

And with a 4WD or two out front.

Holden Caulfield 12:22 pm 14 Sep 11

SigmaOctantis said :

“5 bedroom Country McMansion surrounded by scrub grass in Sutton for example.”

Apparently this new name also applies to houses outside the suburbs. Sorry to harp on, but how anyone can possibly think owning a house (as opposed to an apartment) is a bad thing amazes me. Presumably it’s people who live in one.

Haha, best you get over it. And given the term has been in use for probably 10 years or more I’m not so sure why your knickers are in such a twist.

McMansion also refers to our growing consumer-based society where the children of parents who grew up in modest sized houses with little in the way of luxuries cannot imagine their first home be anything less than a 4 bedroom new build with a plasma in each room and probably two in the obligatory home theatre room.

Also refer to post #10.

IIRC Australia has the largest average house size (new builds) of any western country. My retired in-laws are building a new home that has 4 bedrooms and 3 living rooms, in addition to an open kitchen/dining room.

Why? It is madness. They don’t need a house anywhere near that big. But they’ve been sucked into this belief that unless they build a house of that size nobody will want to buy it when they come to sell.

Deref 12:16 pm 14 Sep 11

johnboy said :

A mcmansion is a large house on a standard suburban block.

Make that half a suburban block. Add “cheaply built to maximise block coverage and interior space at the expense of quality and with no no consideration for climatic suitability.”

Deref 12:13 pm 14 Sep 11

The McMansion bubble is going to burst – the only question is when.

SigmaOctantis 12:10 pm 14 Sep 11

“5 bedroom Country McMansion surrounded by scrub grass in Sutton for example.”

Apparently this new name also applies to houses outside the suburbs. Sorry to harp on, but how anyone can possibly think owning a house (as opposed to an apartment) is a bad thing amazes me. Presumably it’s people who live in one.

Rusalka 12:09 pm 14 Sep 11

Further to Johnboy’s comment, they tend to be mass produced with little quality. Like fast food.

SigmaOctantis 12:07 pm 14 Sep 11

” A mcmansion is a large house on a standard suburban block.”

Built by McDonalds no doubt? Where on Earth did that rediculous name come from?

red_dog 12:07 pm 14 Sep 11

johnboy said :

A mcmansion is a large house on a standard suburban block.

My favourite is the term ‘garage-mahal’ 🙂

Holden Caulfield 12:05 pm 14 Sep 11

johnboy said :

A mcmansion is a large house on a standard suburban block.

Would you like to upsize your number of rooms for an extra 50¢?

johnboy 12:03 pm 14 Sep 11

A mcmansion is a large house on a standard suburban block.

SigmaOctantis 12:00 pm 14 Sep 11

Can you please explain what exactly is a McMansion? I see that phrase mentioned sometimes but never an explanation of what it means.

If it’s a house in the country on a big block, then WTF is wrong with wanting to live in one? What is wrong with wanting some space, a good standard of living and an asset that will actually increase in value as time goes by? Is it PC and trendy now to live in inner-city ‘sustainable’ concrete substandard apartments well on their way to becoming ghettos? Do people who live in houses now all get labelled as Bogans?

Doc Dogg 11:46 am 14 Sep 11

*points knowingly at the screen*

It definitely looks ‘shopped. I can tell from some of the pixels and from seeing quite a few ‘shops in my time.

watto23 11:44 am 14 Sep 11

I could have bought an island and mansion in Nicaragua for $250k.
The people there couldn’t believe my house in Australia was cost more than that on less land with no island 🙂

OK so Nicaragua isn’t on the top of everyones list, but its a nice place and many Americans are flocking to that part of the world to retire.

Erg0 11:13 am 14 Sep 11

Pretty sure that house is ‘Shopped.

nice_enough 11:08 am 14 Sep 11

you don’t even need to go that far. you can buy 10+ bedroom 1800’s mansion (plus guest house) estates in the French countryside for only 2-3 million Euro, compared with a 5 bedroom Country McMansion surrounded by scrub grass in Sutton for example.

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