Welcome Guest [Log In] [Register]


Reply
New South Australian? Is it worth leaving Sydney?
Topic Started: 8 Aug 2014, 08:27 PM (742 Views)
Guest
Unregistered

Hello Everyone

I am a first home buyer from Sydney and I feel completely priced out of my home town and I looking to move interstate, in particular Adelaide. My wife and I would like to buy a terrace house, bungalow or even a well positioned apartment. We are both young professionals and would be looking to move over the next two years after we have finished additional postgraduate studies. Does anyone have any recommendations for places to look (no need for specific properties) around 400,000 in Adelaide. Is it hard to come by work in Adelaide? Where are good places to live there? I like gouger street or one the tram line to glenelg looks nice

Probably the most important question is do you think the prices in Adelaide are going to soar as much as Sydney's over the next two or three years? Or should I be worried about a crash? And I was contemplating buying and then renting out until we were ready to make the move... Is it hard to get tenants?

Does anyone have experience of moving interstate?

Thanks
Anonymous guest
"REPLY WITH QUOTE" Go to top
 
Ned Flanders
Default APF Avatar


Guest
8 Aug 2014, 08:27 PM
Hello Everyone

I am a first home buyer from Sydney and I feel completely priced out of my home town and I looking to move interstate, in particular Adelaide. My wife and I would like to buy a terrace house, bungalow or even a well positioned apartment. We are both young professionals and would be looking to move over the next two years after we have finished additional postgraduate studies. Does anyone have any recommendations for places to look (no need for specific properties) around 400,000 in Adelaide. Is it hard to come by work in Adelaide? Where are good places to live there? I like gouger street or one the tram line to glenelg looks nice

Probably the most important question is do you think the prices in Adelaide are going to soar as much as Sydney's over the next two or three years? Or should I be worried about a crash? And I was contemplating buying and then renting out until we were ready to make the move... Is it hard to get tenants?

Does anyone have experience of moving interstate?

Thanks
Anonymous guest
Why Adelaide?
------------------------------
" ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility."
- Alan Glynn
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Ned Flanders
9 Aug 2014, 12:39 AM
Why Adelaide?
I had a friend recently move there he was originally from there and has touting the benefits. He has moved for similar reasons and bought a house for 350000. I went to see him for a week and it did not seem to be such a bad place. As far as I can work out these are the benefits.

Affordable housing
Friendly people
Low traffic/noise pollution
Music festivals
Good restaurants (some not so good)
cultural amenities (museum, etc, etc)
Great local produce (seafood, olive oil, etc)
Good pay rates with SA Health (a little more than NSW health)
Fantastic wine (I love SA wine)
Multicultural
Great gyros

As far as I can work out these are the disadvantages
Really really flat. I did not realise how being hilly adds to Sydney's charm
Boring. Outside of Adelaide CBD it is just really boring although now that I am getting to stage where everyone is having babies life is getting that way in sydney
Stagnant economy
Relativity high unemployment
Hot as balls in the summer
Terrible water almost metallic

I think in general if we secure work we would have better standard of life than paying rent through the nose in Sydney and I would stay be able to come home with 1.5 hour flight
"REPLY WITH QUOTE" Go to top
 
Ned Flanders
Default APF Avatar


Guest
9 Aug 2014, 09:34 AM
I had a friend recently move there he was originally from there and has touting the benefits. He has moved for similar reasons and bought a house for 350000. I went to see him for a week and it did not seem to be such a bad place. As far as I can work out these are the benefits.

Affordable housing
Friendly people
Low traffic/noise pollution
Music festivals
Good restaurants (some not so good)
cultural amenities (museum, etc, etc)
Great local produce (seafood, olive oil, etc)
Good pay rates with SA Health (a little more than NSW health)
Fantastic wine (I love SA wine)
Multicultural
Great gyros

As far as I can work out these are the disadvantages
Really really flat. I did not realise how being hilly adds to Sydney's charm
Boring. Outside of Adelaide CBD it is just really boring although now that I am getting to stage where everyone is having babies life is getting that way in sydney
Stagnant economy
Relativity high unemployment
Hot as balls in the summer
Terrible water almost metallic

I think in general if we secure work we would have better standard of life than paying rent through the nose in Sydney and I would stay be able to come home with 1.5 hour flight
Just asked because SA is probably going to be an employment wasteland in the coming decade. The tax office has a massive call centre there, but apart from that I think it will probably bleed jobs for years. So as long as you can secure employment, then it is not too bad an idea. Tyranny of distance is probably the worst of all capital cities, but there are definitely some lifestyle advantages.

But yeah, buy a 1 micron ceramic water filter if you go there. Adelaide has some of the worst potable water in the world.
------------------------------
" ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility."
- Alan Glynn
Profile "REPLY WITH QUOTE" Go to top
 
Frank Castle
Member Avatar
Business As Usual

Quote:
 
Affordable housing
Friendly people
Low traffic/noise pollution
Music festivals
Good restaurants (some not so good)
cultural amenities (museum, etc, etc)
Great local produce (seafood, olive oil, etc)
Good pay rates with SA Health (a little more than NSW health)
Fantastic wine (I love SA wine)
Multicultural
Great gyros

Whats not to like?

Quote:
 

As far as I can work out these are the disadvantages
Really really flat. I did not realise how being hilly adds to Sydney's charm

Hills? Pfft - The housing is a fraction of the cost
Quote:
 
Boring. Outside of Adelaide CBD it is just really boring
Enjoy nature and enjoy life. Beaches look great and there are wineries to visit

Quote:
 
Stagnant economy
Relativity high unemployment
But you have a good job getting paid more than Sydney with far lower costs of living
Quote:
 
Hot as balls in the summer
Really? It only hit 29.4 degrees - luxury . http://www.bom.gov.au/climate/averages/tables/cw_023090.shtml
Quote:
 
Terrible water almost metallic

With all the money you are saving (High wages - low cost of housing) I'm sure you can afford to buy water or install some kickarse water filtration system

If only more people would grow some balls and make a positive move instead of wallowing in negativity and whining like little biatches like the sydney wannabes here.
Edited by Frank Castle, 9 Aug 2014, 10:44 AM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Ned Flanders
9 Aug 2014, 10:33 AM
Just asked because SA is probably going to be an employment wasteland in the coming decade. The tax office has a massive call centre there, but apart from that I think it will probably bleed jobs for years. So as long as you can secure employment, then it is not too bad an idea. Tyranny of distance is probably the worst of all capital cities, but there are definitely some lifestyle advantages.

But yeah, buy a 1 micron ceramic water filter if you go there. Adelaide has some of the worst potable water in the world.
Thanks Ned Flanders yeah I heard that unemployment is going to be a big problem and that the state government is tearing down things and rebuilding them just to provide employment. Particularly after the car manufacturers, defence contractors and health funding is withdrawn....

But if I am going to try it I was thinking of buying an investment property in Adelaide CBD. I hear that buying an investment property in Adelaide is like buying a rural property lower capital growth but better rental yield. That I could actually make a few bob a year on rental income. In Sydney the investment properties tend to bleed money (my dad's properties for instance) but do have good capital gains. I suppose if I change my mind I could always come back to Sydney and keep the Adelaide office as an investment? Any thoughts?

I will take your advice about the water though and get a filter
"REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Frank Castle
9 Aug 2014, 10:40 AM

Whats not to like?



Hills? Pfft - The housing is a fraction of the cost

Enjoy nature and enjoy life. Beaches look great and there are wineries to visit


But you have a good job getting paid more than Sydney with far lower costs of living

Really? It only hit 29.4 degrees - luxury . http://www.bom.gov.au/climate/averages/tables/cw_023090.shtml


With all the money you are saving (High wages - low cost of housing) I'm sure you can afford to buy water or install some kickarse water filtration system

If only more people would grow some balls and make a positive move instead of wallowing in negativity and whining like little biatches like the sydney wannabes here.
Thanks yeah I think now I am fast approaching thirty the need to stay near clubs and banging nightlife is going. I probably go out once a month or every two months so a more sedate lifestyle would be good and I doubt I will miss it. I know a couple of people that that've moved to Newcastle, Adelaide and Wollongong they really enjoy it and do not want to come back. There are things I will miss about Sydney it is a beautiful place but I can always come back to see family and friends, and really want is the point in living in a classy area with restaurants and amenities if all your money goes on rent

Well I can understand the frustration of those people but you can't sit around waiting for prices to come down your whole life so sometimes you just have to look at the alternatives and make a positive step get on with your life.
"REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Free Forums. Reliable service with over 8 years of experience.
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy