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Sydney house prices force families to commute from Queensland
Topic Started: 13 Oct 2014, 10:12 AM (1,554 Views)
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Sydney house prices push families north to Queensland

October 13, 2014 - 8:12AM
Bellinda Kontominas

As Sydney house prices rise and traffic congestion worsens, some enterprising workers are moving north to seek the lifestyle they want in Queensland while continuing their careers in NSW.

Belinda Kerr and Michael Trehy discovered the best of both worlds after moving in January from Killarney Heights in Sydney's northern suburbs to Kiels Mountain near Maroochydore on Queensland's Sunshine Coast. Each Tuesday Ms Kerr flies to Sydney for two days to run her recruitment company from its Surry Hills office, leaving her husband to care for their eight-year-old twins Molly and Ivy. She works from home on Mondays and Fridays.

Ms Kerr said leaving her family each week is a huge sacrifice that "pulls at the heartstrings" but it has allowed them to afford to buy a family home, previously out of reach in Sydney.

"Every year in Sydney was another year that we were paying rent ... and [house] prices were going the wrong way for us," Mr Trehy said. "I think that was the clincher, just realising we could have a similar lifestyle up here to Sydney without the pressure of having a huge mortgage."

The couple bought a four-bedroom home with an in-ground pool and separate studio accommodation for when family come to stay. They paid $670,000 in October last year.

"If we'd bought this in Sydney it would have cost at least double, maybe $1.5 million," Ms Kerr said.

They did the sums and, even with the cost of weekly flights and two nights' accommodation, it worked out cheaper to buy in Queensland and for Ms Kerr to work in Sydney than to pay a Sydney mortgage.

She now spends less time commuting than she did when travelling to work in Sydney five days a week.

The family is part of a growing number of people living and working in separate cities through fly-in-fly-out (FIFO) arrangements, according to Graeme Hugo, professor of geography at the University of Adelaide.

"I think it's an emerging trend," he said. "It does appear as though housing affordability, or availability within a certain price range, is really becoming limited for even middle-income earners, so it's one of the ways of adapting. In the past people have adapted by moving further and further out to the suburbs; this is the logical extension of that."

Professor Hugo said professional couples unable to find good jobs in the same city were also commuting interstate.

FIFO work has been documented extensively in the mining industry. However, census data tells only part of the story for white-collar workers.

In 2011, of those working in greater Sydney on census night, more than 3400 lived in Queensland and 3300 in Victoria.

Read more: http://www.smh.com.au/business/the-economy/sydney-house-prices-push-families-north-to-queensland-20141012-10rthq.html
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Sydney is going to be like New York and London and other alpha+ cities where the locals are just renters. Fact of life. Every country has a city like this, usually.

I’ve been browsing Sydney real estate and the prices are not that bad considering there’s no real property tax. A brand new 2 bed / 2 bath unit with amenities on the harbor, 10 mins from the city by train, 10 min by car, and on train line for $850k USD is a bargain, in the ghettos of Brooklyn this gets you a run down rehab unit and you have to pay 2% property tax every year.

As a New Yorker I look at this and think, it’s really not that bad. Expensive? Of course. But every alpha+ city is expensive!

London, NY, Hong Kong, Shanghai, Dubai, … do you think locals can afford to buy there with their salary jobs? Nope.
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peter fraser
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14 Oct 2014, 08:24 PM
Sydney is going to be like New York and London and other alpha+ cities where the locals are just renters. Fact of life. Every country has a city like this, usually.

I’ve been browsing Sydney real estate and the prices are not that bad considering there’s no real property tax. A brand new 2 bed / 2 bath unit with amenities on the harbor, 10 mins from the city by train, 10 min by car, and on train line for $850k USD is a bargain, in the ghettos of Brooklyn this gets you a run down rehab unit and you have to pay 2% property tax every year.

As a New Yorker I look at this and think, it’s really not that bad. Expensive? Of course. But every alpha+ city is expensive!

London, NY, Hong Kong, Shanghai, Dubai, … do you think locals can afford to buy there with their salary jobs? Nope.
Well we pay those taxes upfront in the sticker price but no property tax on a principal place of residence thereafter.

We do have local council rates though so do some investigation into that plus water rates before you buy. Those costs do vary from council to council. Maybe some Sydney residents can give you some pointers on which councils are expensive.


Any expressed market opinion is my own and is not to be taken as financial advice
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Foxy
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Zero is coming...

Now they are thinking.

Maybe they should try living in Thailand and fly in fly out from Thailand, or maybe Bali, fly in fly out from Bali.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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those
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14 Oct 2014, 08:24 PM
A brand new 2 bed / 2 bath unit with amenities on the harbor, 10 mins from the city by train, 10 min by car, and on train line for $850k USD is a bargain, in the ghettos of Brooklyn this gets you a run down rehab unit and you have to pay 2% property tax every year.
How about this one? $389k.

http://www.trulia.com/property/3165702564-115-Ashland-Pl-Brooklyn-NY-11201#photo-8


Or this one? $199k.

http://www.trulia.com/property/3031958950-909-East-29th-Street-5J-Brooklyn-NY-11210#photo-1
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Sydney families moving to Brisbane 'for the kids'

October 31, 2014 - 2:23PM
Lauren Cross

Sydneysiders are increasingly moving to Brisbane to find more affordable property and raise a family.

As house prices in Australia's most expensive city continue to climb, families are questioning their hour-long commute to work, as well as constantly navigating through bumper-to-bumper traffic and putting up with semis or apartments, where walls are joined and neighbours are loud.

According to the Domain Group, Sydney's median house price is now $844,000, forcing some families to look at alternative options.

Brisbane is high on the list with a median of $565,000.

Jen and Matt Wilkie moved from Sydney's lower north shore to Brisbane 18 months ago, after the birth of their first son, Jack.

"We could never afford a house in Sydney, it's just too expensive," Jen said.

"We wouldn't have been able to have a family there."

But they could in Queensland - Jen gave birth to twin boys Samuel and Alfred 15 weeks ago.

Obviously needing more space with three boys under three, they offloaded their Neutral Bay apartment this year for $795,000, then purchased a three-bedroom property "for the kids" in the trendy suburb of Milton, within a kilometre of Brisbane's CBD, for $825,000.

Jen said technically, it was a five-bedroom house and offered amazing value.

"The downstairs area was two millimetres short of (council) approval so they couldn't advertise it," she said.

"We would have to have a couple of spare million for a place like this in Sydney."

It appears Jen and Matt are just one couple of many making the move up north, where the weather is warmer, the lifestyle is laid back, and the beaches north and south of the city are some of the best in the world.

Ray White Graceville agent Russell Gregory said Sydney buyers used to be one of 20 inquiries but were now one in five.

"It's absolutely amazing the change in the last six months," he said.

"Southern investors are thinking Brisbane is the next market that will have high capital gain.

"I've been harassed by them this morning - I've had five discussions and four of them were from Sydney."

Real estate agents aren't the only property professionals loving it. Buyers' agents from both Sydney and Melbourne are also targeting the city.

Ben Kingsley of Empower Wealth now flies up from Melbourne every two weeks, in search of Queensland cottages and units for his clients.

Read more: http://smh.domain.com.au/real-estate-news/sydney-families-moving-to-brisbane-for-the-kids-20141031-11es0d.html
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those
15 Oct 2014, 06:27 PM
Both of those look sensational for the money :)
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Lef-tee
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The family is part of a growing number of people living and working in separate cities through fly-in-fly-out (FIFO) arrangements, according to Graeme Hugo, professor of geography at the University of Adelaide.

"I think it's an emerging trend," he said. "It does appear as though housing affordability, or availability within a certain price range, is really becoming limited for even middle-income earners, so it's one of the ways of adapting. In the past people have adapted by moving further and further out to the suburbs; this is the logical extension of that."


This approach is mostly for professional people, as is demonstrated by this couple's ability to pay two-thirds of a million and to fly back and forth each week to work at the office of a company that she herself owns. They certainly exist but are far from typical.
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Frank Castle
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Mustapha Mond
15 Oct 2014, 10:19 AM
Now they are thinking.

Maybe they should try living in Thailand and fly in fly out from Thailand, or maybe Bali, fly in fly out from Bali.

Peter
I know several families living OS where the breadwinner is already doing that.
Marvelous lifestyle they have, far better than they would get here.
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miw
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1 Nov 2014, 07:13 AM
This approach is mostly for professional people, as is demonstrated by this couple's ability to pay two-thirds of a million and to fly back and forth each week to work at the office of a company that she herself owns. They certainly exist but are far from typical.
2/3 of a million? More like about $15k each per annum.

There were people commuting to Sydney each week from Brisbane back in the 1990s. This is by no means a new phenomenon.

Back in the 1970s at the company where my ex-boss worked, there was a bunch of people from a small commune from up north of Newcastle somewhere. They rented a couple of small flats in Sydney and worked like dogs from Tuesday to Thursday with no family distractions. Then they lived on the commune Friday to Monday.
The truth will set you free. But first, it will piss you off.
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