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If you want a house, then move cities…

By Thumper - 30 January 2008 42

ABC online is reporting that Canberra is set to overtake Perth as Australia’s second most expensive city to buy property.

Guess that’s it kiddies. You will only ever own a house now if your daddy is rich and your mummy is good looking.

What’s Your opinion?


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42 Responses to
If you want a house, then move cities…
Mælinar 9:50 am 31 Jan 08

barney – JB once quoted that the ABC just seemed to be the first to publish stuff online, hence why they got referred to so often. Seems likely that this is still the case.

p1 9:34 am 31 Jan 08

You’d think there’d be a market for small 1 and 2 bedroom houses with a bit of garden, but there doesn’t seem to be.

Actually there is, and it is the market that the property investors buy in, cause it is ideal to rent out to a young professional couple, get the best rent relative to your investment, and price people like me out of the market. So now its save till I can by a larger house that I don’t really need yet so that I feel I’m getting value for money.

Thumper 8:43 am 31 Jan 08

your mummy is good looking.

I just wrote that for the hell of it.

Although caf seemed to picked it up…

Davo111 12:05 am 31 Jan 08

You’d think there’d be a market for small 1 and 2 bedroom houses with a bit of garden, but there doesn’t seem to be.

good point, I’m an ANU student and from what i’ve seen, it’s quite hard to find a large share house that is well priced close to ANU.

Pandy 11:33 pm 30 Jan 08

Why would the mummy have to be a MILF to be able to get a home?

caf 10:50 pm 30 Jan 08

So hush, little baby, don’t you cry.

barney 10:40 pm 30 Jan 08

I’m just waiting for a “ABC online is reporting that the-riotact.com is reporting everything we say” topic. :->

Gungahlin Al 10:12 pm 30 Jan 08

Fly in – fly out miners Fluges. They set their families up in the city, work 2 weeks on, 2 weeks off back home. They destroy the balance in any property market. Mackay’s a classic example.

swissbignose 9:42 pm 30 Jan 08

You just wait when the mining boom crashes – houses in Perth will become affordable again.

Fluges 9:34 pm 30 Jan 08

Funny thing: when I lived in Perth in 1979-1982, they had the cheapest houses in Australia.

emd 9:04 pm 30 Jan 08

good point ant, I suspect Generation Y has higher standards of minimum acceptable housing than previous generations had.

ant 9:00 pm 30 Jan 08

You’d think there’d be a market for small 1 and 2 bedroom houses with a bit of garden, but there doesn’t seem to be.

The Jas 8:57 pm 30 Jan 08

It’s all relative I think. I hate to admit it, but later this year when I buy, it will most probably be in qbyn and there are some nice apts there that are about 40-50 grand cheaper than the equivalent in Canberra.

My daddy aint that rich, all I am doing is taking a second job on top of my already busy job, working 60-70 hours a week for 6-9 months to pay off a debt and save my cash and I will have my own place by the end of the year. I’ve been there and done that with the renting thing, it was great having an apt in Kingston but I’m fucked if I’m paying some other persons mortgage off at 28.

It may be in qbyn, but it will be mine and after a couple of years with some equity in the mortgage and the value going up I will use it to finance a better place and keep it as a investment property. It’s all about getting in the market kids.

For the record, out of my 6 best mates, I’m the only one who doesn’t own their place, so I think they are expensive, but Canberra has a fairly high average income also off memory compared to most cities thanks to our underworked and over paid public service.

Growling Ferret 8:46 pm 30 Jan 08

Affordable? Depends if you want a McMansion or not.

Bring back suburbs full of extendable/knockdownable govvies.

And then nobody would want to live there…

josh 8:34 pm 30 Jan 08

it’s still affordable for many imo. i’m comparing that to melbourne, which perhaps isn’t a good comparison. lesson: don’t buy in melbourne

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