Australia has some of the most expensive real estate in the world, but what could you buy if you sold it?

Miami...
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So we would have to assume you own alot of property FlySurfer. Especially if this is what you can afford.

you have obviously never been to miami...

He has a point, yes cheaper construction is used byt he Seppos, but an "average" house here at $500K is a LOT of house in USA. In areas out of cities, $300K gets you two a storey 5x2 with extras.

But Miami? 40deg, humid, zero wind, high crime. Fark that. (Unless one lives in the house at the top, in which case one may not care)

You could buy a two story 5 bedroom in the phillipines for 150 grand in a nice area, a nice pad in Sumatra/sumbawa for 100 grand.... But then you lose access to healthcare etc etc. I have seriously entertained Bali and you can rent a house there for 3000 dollars a year. If you want a pool and maid its about 4500 a year.

Underoath said..

This is the best I could do.

Sell in WA for 460k, 30k transaction costs= 430k, move to Sunshine Coast.
Purchase a house with twice the sized block 800sqm for 350k.

Reduce debt by 80k.

Or, sell Perth metro for $500k, more likely more, $10k agents fees on the sale, buy a cheap and cheerful in Geraldton for under $200k, $5k stamp duty.

Reduce debt/profit margin $285k and get to kite in an awesome location too

Ha ha, you caught me out, Bonamia way, Scott Road, Felicia Street...

Possibly Drummonds would be my pick, rarely go there for work and ten minutes from Corros.

Its certainly making it just that bit harder for the majority of buyers in Sydney who seem to be Chinese

But if u still need to work in us wages are proportionally lower. No bus drivers on 70k over there

Chris6791 said..

Underoath said..



Or, sell Perth metro for $500k, more likely more, $10k agents fees on the sale, buy a cheap and cheerful in Geraldton for under $200k, $5k stamp duty.

Reduce debt/profit margin $285k and get to kite in an awesome location too

WRONG!

If you spend less than $200k in Gero it may be cheap but it will certainly not be cheerful! You can't go kiting or sailing if your kit has been stolen!
Having said that I purchased a small 1970s 3x1 double brick home in a good area of Gero for only $330,000. House needs about $30k spending on it but I've still only spent $360k and I'm on a 1/4 acre block which I can sub dicvide so yes Gero is cheaper than Perth and in my eyes, much better value.

Townsville. Broad economy (unlike cairns) consistent growth. Largest town outside capital cities and gold coast. Central houses 280.

stamp said..

you have obviously never been to miami...

I've been to Orlando... close enough.

FlySurfer said..

youngbull said..

So we would have to assume you own alot of property FlySurfer. Especially if this is what you can afford.

No bull, that cost the same as a shack next to a cemetery in Parramatta... (bogan area in Sydney).

"Price Upon Request" means "You're Too Poor"

www.okaylingeriemalls.com/


But yeah, you really can buy a lot more overseas. Or interstate.

And then, 20 years later you realise "if we hadn't sold everything in Sydney, if we'd done nothing, we could be retired rich by now/bought my kids a house/travel forever" - My parents, who moved to a Gold Coast waterfront 25 years ago.

Whatever choice you make will be wrong and right. It always is.

evlPanda said..


And then, 20 years later you realise "if we hadn't sold everything in Sydney, if we'd done nothing, we could be retired rich by now/bought my kids a house/travel forever" - My parents, who moved to a Gold Coast waterfront 25 years ago.

Whatever choice you make will be wrong and right. It always is.

My old man grew up in Caloundra when Bullcock St was still a dirt road. His house was somewhere near where the Centrepoint is now. He was offered to buy land at $1000 per hectare just to the north of Caloundra. He said it was nothing but swampland and would never be good for anything. It is now known as Kawana. Go figure.

myusernam said..

But if u still need to work in us wages are proportionally lower. No bus drivers on 70k over there

Exactly.....

You all to often hear people complaining about how expensive it is here in Aust, and it is. We are also fairly well up there on the tax rate too (but by far from the most taxed)... We are also one of the better paid countries, have one of the highest annual leave rates (plus leave loading), have the most public holidays (it is not a legal requirement in the USA to allow leave and those that do give an average of 1-2 weeks), and although not perfect, we have a much better health system.

I'll keep my comfortable (but by no means extravagant) pay packet, pay the taxes, have my 6 weeks (or 4 with 10 public holidays) annual leave and stay here.

Selling up in Aust and retiring in the USA, might be different.

^^^

Rex said..

Muppet said..

Chris6791 said..

Underoath said..



Or, sell Perth metro for $500k, more likely more, $10k agents fees on the sale, buy a cheap and cheerful in Geraldton for under $200k, $5k stamp duty.

Reduce debt/profit margin $285k and get to kite in an awesome location too

WRONG!

If you spend less than $200k in Gero it may be cheap but it will certainly not be cheerful! You can't go kiting or sailing if your kit has been stolen!
Having said that I purchased a small 1970s 3x1 double brick home in a good area of Gero for only $330,000. House needs about $30k spending on it but I've still only spent $360k and I'm on a 1/4 acre block which I can sub dicvide so yes Gero is cheaper than Perth and in my eyes, much better value.

Other than those cottages at Point Moore, would you even get a house for less than 200k in Gero ? I thought those days were long gone.

I had a look before I posted it last night, there are still a few in the $160-180k range, definitely cheap, but the cheerful was a bluff :) there are **** box 3 x 1's for sale in suburbs that are, um, well, less than desirable... But still less than ten minutes to the beach.