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Old June 17th, 2017, 07:30 AM   #581
TOCC
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There's plenty of apartments in areas like Chermside and East Brisbane- Cannon Hill corridor which are in a more affordable price bracket, a home is expensive, and when wants exceed then the home is increasingly expensive and unaffordable.

I think we live in an era of entitlement when we think we need more then we really do, or we want more then what we really need, I believe Sydney has affordability issues, but i think Brisbane still has affordable housing in areas accessible to the CBD.
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Old June 17th, 2017, 03:40 PM   #582
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There is no housing affordability problem in Australia
I think what has really happened is because the cost of living has increased and most people wages (take home pay) has not increased, then that has translated into a "housing affordability crises". Personally a few years back I was living comfortably and buying my weekly groceries at Woolworths or Coles, and now I find myself shopping at Aldi trying to find specials (I'm still in the same job, with the same wages). I do think a lot of people are genuinely struggling, and i think its very arrogant to claim that there is "no housing affordability problem in Australia". Because there is serious problems right now in Australia, that is not (or intentionally) being addressed by our state or federal governments. We the citizens have to decide what happens next....Think very carefully.
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Old June 17th, 2017, 03:43 PM   #583
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Paying big money for an apartment in... Chermside?

I checked realestate.com.au out of interest - 750k for a 110 sqm apartment in Chermside.

Bwahaha, sorry, but these developers must be laughing their heads off all the way to the bank.
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Old June 17th, 2017, 07:46 PM   #584
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Quote:
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Paying big money for an apartment in... Chermside?

I checked realestate.com.au out of interest - 750k for a 110 sqm apartment in Chermside.

Bwahaha, sorry, but these developers must be laughing their heads off all the way to the bank.
Yeah, a 4 bed townhouse in Mitchleton at $450k sounds better value: http://www.realestate.com.au/propert...lton-125689830

or a 2 bed apartment at Ashgrove for $480k only 4km from town: http://www.realestate.com.au/propert...rove-125359214

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Old June 18th, 2017, 01:52 AM   #585
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In Chermside there are also single bedroom apartments for under $300k, which IMO is an affordable price range, and 2BR for under $350k, again affordable

Brisbane is in a good position for cost of living IMO, in Sydney prices are literally double what they are in Brisbane. The apartment in Green Square is worth $700k, it's a 1BR apartment. In Brisbane that same amount would buy me a 2 or 3 BR apartment, or a nice inner city house.

What people have an issue with, is everyone wants the house or they want to live in the inner city, which is where the unaffordabiltity factor comes into play, as long as people accept they can't afford what they want, but they can afford what they need, then affordabiltky is no longer an issue
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Old June 18th, 2017, 02:07 AM   #586
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Yep. Our first house was 20km from the CBD. Now we can afford something inner city, if we are so inclined.

There's good property in Brisbane under 500k. Younger buyers have to understand they probably need to sacrifice lifestyle.

If they work in the cbd, just need to to suck it up and do the commute.

They should rephrase it to a 'housing expectation problem'.


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Old June 19th, 2017, 12:31 AM   #587
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Quote:
Originally Posted by Locke View Post
Paying big money for an apartment in... Chermside?

I checked realestate.com.au out of interest - 750k for a 110 sqm apartment in Chermside.

Bwahaha, sorry, but these developers must be laughing their heads off all the way to the bank.
750K in suburban Brisbane full stop is laughable.
I live in the RIDICULOUS bubble that is Shitney (SYD) where property prices make me laugh daily!
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Old June 19th, 2017, 12:33 AM   #588
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In Chermside there are also single bedroom apartments for under $300k, which IMO is an affordable price range, and 2BR for under $350k, again affordable

Brisbane is in a good position for cost of living IMO, in Sydney prices are literally double what they are in Brisbane. The apartment in Green Square is worth $700k, it's a 1BR apartment. In Brisbane that same amount would buy me a 2 or 3 BR apartment, or a nice inner city house.

What people have an issue with, is everyone wants the house or they want to live in the inner city, which is where the unaffordabiltity factor comes into play, as long as people accept they can't afford what they want, but they can afford what they need, then affordabiltky is no longer an issue
But most Sydney salaries are a LOT more than their Brisbane equivalents.
I have a few friends in Brisbane..... all professionals..... and they would earn a LOT more money in their roles in Sydney? BUT you need that money in Sydney of course
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Old June 19th, 2017, 12:38 AM   #589
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The median wages are no where near the increase you need for accommodation. And of course, the minimum wage is the same in all cities.
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Old June 19th, 2017, 01:25 AM   #590
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Quote:
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But most Sydney salaries are a LOT more than their Brisbane equivalents.
I have a few friends in Brisbane..... all professionals..... and they would earn a LOT more money in their roles in Sydney? BUT you need that money in Sydney of course
The median Sydney salaries are actually not as much more as you think. Literally only a couple of thousand difference.
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Old June 19th, 2017, 03:44 AM   #591
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Quote:
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But most Sydney salaries are a LOT more than their Brisbane equivalents.
I have a few friends in Brisbane..... all professionals..... and they would earn a LOT more money in their roles in Sydney? BUT you need that money in Sydney of course
Yes certain salaries in Sydney are more, but certainly not double, my industry wages are around 20% more..

But nurses, police and most public servant wages are comparative, and the construction industry is even less then Brisbane, some of construction wages on offer in Brisbane are the highest in the country
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Old June 19th, 2017, 02:34 PM   #592
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Updates from this weekend.


P6170405 by Nathan Murray, on Flickr


P6170407 by Nathan Murray, on Flickr


P6170408 by Nathan Murray, on Flickr


P6170409 by Nathan Murray, on Flickr

These photos of the facaded Forester's Hall are great because they show the roof line installed as part of the conversion to Cook's Picture Palace, and how they forced the closure of some of the side windows. The rebuild of the structure to reinstate the original floor and ceiling heights will see these windows reopened again.


P6170411 by Nathan Murray, on Flickr


P6170418 by Nathan Murray, on Flickr


P6170419 by Nathan Murray, on Flickr


P6170417 by Nathan Murray, on Flickr


P6170420 by Nathan Murray, on Flickr


P6170421 by Nathan Murray, on Flickr


P6170424 by Nathan Murray, on Flickr


P6170425 by Nathan Murray, on Flickr


P6170427 by Nathan Murray, on Flickr


P6170428 by Nathan Murray, on Flickr


P6170429 by Nathan Murray, on Flickr


P6170430 by Nathan Murray, on Flickr


P6170431 by Nathan Murray, on Flickr


P6170434 by Nathan Murray, on Flickr


P6170436 by Nathan Murray, on Flickr


P6170439 by Nathan Murray, on Flickr


P6170440 by Nathan Murray, on Flickr


P6170442 by Nathan Murray, on Flickr


P6170444 by Nathan Murray, on Flickr


P6170445 by Nathan Murray, on Flickr


P6170446 by Nathan Murray, on Flickr


P6170447 by Nathan Murray, on Flickr


P6170451 by Nathan Murray, on Flickr
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Old June 19th, 2017, 06:03 PM   #593
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Quote:
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They should rephrase it to a 'housing expectation problem'.
Rubbish. The whole 'young people these days have too high expectations' rests entirely on a handful of straw-man arguments.

The median multiples put our housing nationally in the 'severely unaffordable' category in the recent Demographia survey. Sydney and Melbourne are in the top 10 most expensive cities in the world, with Adelaide 16th, Brisbane 18th and Perth 20th. Of the 94 'severely unaffordable' markets in the world, 33 are in Australia (see http://www.demographia.com/dhi.pdf).

Objectively, the data paints a picture of an unprecedented housing affordability problem, at least compared to, well, most of the rest of the world. To try and say that's just an 'expectations' problem is simply ludicrous...
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Old June 20th, 2017, 04:37 AM   #594
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Welcome Steve. Arrrrr.
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Old June 20th, 2017, 04:41 AM   #595
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No doubt affordability is an issue. The nuance of it though is it's compounded by the aforementioned issue. Housing is there. It's just not where people ideally want it.
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Old June 20th, 2017, 05:24 AM   #596
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Its not about where people want to live, its about where people need to live to be close enough to their place of work (even more so if they want/need to use public transport rather than a car). If it takes 2 hours to get to work on a good day (more if the traffic is heavy or there is an accident) then its not going to be a suitable place to live.
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Old June 20th, 2017, 06:30 AM   #597
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I did it, no problem. Have commuted in the past over long distances, with a commute well over an hour each way. Mainly through public transport.

Over 2 hours each way is extensive though. But outer Brisbane suburbs are mostly within that commute time.
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Old June 20th, 2017, 06:48 AM   #598
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I currently hate my 60m door to door commute. Waste of time and I'd rather be with my family.
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Old June 20th, 2017, 10:58 AM   #599
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1hr commute time is fairly standard in Sydney, I do it daily, sometimes 60-80mins if I have to drive and get caught in congestion..

How much of the median price is driven by excessive wants on property?
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Old June 20th, 2017, 11:36 AM   #600
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Quote:
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I currently hate my 60m door to door commute. Waste of time and I'd rather be with my family.
Ha ha I read this as 60metres. Took me a bit to process.



Thought you worked down the hall or across the road from where you live.




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