You do realise salaries are often lower in remote locations?
As low as 1/5th Because houses can be 1/5th of the cost , especial if looking at some of the million dollar plus shitheaps in Sydney within walking distance to the CBD and then comparing same quality of house in some regionals within walking distance to the CBD.
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As low as 1/5th Because houses can be 1/5th of the cost , especial if looking at some of the million dollar plus shitheaps in Sydney within walking distance to the CBD and then comparing same quality of house in some regionals within walking distance to the CBD.
Firstly, if the wage was 1/5th in a regional area it doesn't mean that one would be able to afford repayments on a house 1/5th of the price. Fixed costs of living are pretty similar in regional as capital cities. As one's wages decrease the percentage chewed up on fixed (no housing) costs increases.
Some (a lot?) professional jobs simply do not exist in regional areas. In my line of work jobs do not exist outside the capital cities. I'd have to do some unskilled/semi-skilled job at minimum wage or spend time retraining.
The sweet spot is people like cops, nurses etc who get pretty much the same where ever they live.
Firstly, if the wage was 1/5th in a regional area it doesn't mean that one would be able to afford repayments on a house 1/5th of the price. Fixed costs of living are pretty similar in regional as capital cities. As one's wages decrease the percentage chewed up on fixed (no housing) costs increases.
Some (a lot?) professional jobs simply do not exist in regional areas. In my line of work jobs do not exist outside the capital cities. I'd have to do some unskilled/semi-skilled job at minimum wage or spend time retraining.
The sweet spot is people like cops, nurses etc who get pretty much the same where ever they live.
I've often thought electrician or plumber would be fairly portable also. I think a town of around 50,000 in regional Australia may have use for another plumber or sparky.
The real question is, WTF is there to DO in a town of 50,000? I'm bored out of my mind in Sydney. Would it be 100 times worse in Orange? Or only twice as bad?
“Talk sense to a fool and he calls you foolish.” - Euripides
I've often thought electrician or plumber would be fairly portable also. I think a town of around 50,000 in regional Australia may have use for another plumber or sparky.
The real question is, WTF is there to DO in a town of 50,000? I'm bored out of my mind in Sydney. Would it be 100 times worse in Orange? Or only twice as bad?
Actually, the smaller the community, the more there is to do. People pay attention to you in a small community and socialising is 100% done more in a small community than a big city. It is much easier to be lonely in a big city than it is in a small town.
No they are not - Salaries in our smaller cities can even be better as there is more competition for jobs in Sydney.
The article is a puff piece.
Prices get pushed up because the city is growing and because there was a long period of below normal price growth. It is nothing to do with age or the elites - there are plenty of working class young people benefiting from their investment in their own growing city. In fact the elites have not been doing well at all and the luxury markets are still not recovered.
It is working class kids like Rudd's FHBG mob who have made a motza by investing at a time when others (including the elites) wrote off our economy.
Increasing house prices benefit the young as they can get some returns on their hard earned money just as their parents did before them. They take a chance and invest in their city and they want a return as the city grows and develops.
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The article is a puff piece.
On who's behalf?
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It is working class kids like Rudd's FHBG mob who have made a motza by investing at a time when others (including the elites) wrote off our economy.
And how would they realise that Motza?
Is it be by selling their properties (at a far higher price) to today's FTBs?
You still don't get it do you?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
Actually, the smaller the community, the more there is to do. People pay attention to you in a small community and socialising is 100% done more in a small community than a big city. It is much easier to be lonely in a big city than it is in a small town.
Is this speaking from experience? Smallest town I lived in was Wollongong.
This socialising in small towns, does it involve 4WDs, beer and firearms?
“Talk sense to a fool and he calls you foolish.” - Euripides
Some (a lot?) professional jobs simply do not exist in regional areas.
Most major regional's have bankers, accountants, solicitors, surgeons, Dr's, various medical specialists, various trades, engineers, architects, scientists, lecturers, zoo keepers and the list goes on.
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In my line of work jobs do not exist outside the capital cities.
So thats 1 person - I would think most of the "must live in Sydney" whiners would be people that work normal jobs. Must be really special work you do Zaph, astronaut?
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