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Houses under/over $500K in your state
Topic Started: 3 Aug 2017, 04:30 PM (1,210 Views)
herbie
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hidflect
3 Aug 2017, 10:09 PM
Here's some more for you...

Affordable Sydney housing
F*** Sydney.
Edited by herbie, 3 Aug 2017, 10:24 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Ex BP Golly
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Rufus
3 Aug 2017, 04:30 PM
assuming that houses under $500K are affordable for the majority of working Australians.

What I found was:-

Assuming?

Any reason why you chose $500k As a level nation wide?
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herbie
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Ex BP Golly
3 Aug 2017, 10:32 PM
Assuming?

Any reason why you chose $500k As a level nation wide?
Because while Sydney and Melbourne are f***ed, pretty much anywhere else in the nation, $350K will buy one some pretty decent entry level joint?

Hmmm - F*** Sydney; F*** Melbourne - I'm seriously over both of those shit holes Golly (and their media; Plus their whinging crying moaning little cnts that continue to live there - As well as their pollies.)
Edited by herbie, 3 Aug 2017, 10:55 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Ex BP Golly
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herbie
3 Aug 2017, 10:54 PM
Because while Sydney and Melbourne are f***ed, pretty much anywhere else in the nation, $350K will buy one some pretty decent entry level joint?

Hmmm - F*** Sydney; F*** Melbourne - I'm seriously over both of those shit holes Golly (and their media; Plus their whinging crying moaning little cnts that continue to live there - As well as their pollies.)
I was thinking myself that $350,000 was more realistic a level than $500,000 for an assumption of affordability.

Interesting!

BTW, F Sydney and Melbourne.
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Rufus
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Ex BP Golly
3 Aug 2017, 11:02 PM
I was thinking myself that $350,000 was more realistic a level than $500,000 for an assumption of affordability.

Interesting!

BTW, F Sydney and Melbourne.
$500K was the price point used by one of the others in the conversation, so I used that. But that includes lots of houses well under $500K. In Brisbane it's still possible to buy 3 bed homes in the $300K to $350K price range, although that's unlikely in Sydney.

You're welcome to redo the exercise with any price point you choose.
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Blondie girl
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Rufus
3 Aug 2017, 04:30 PM
Houses under/over $500K in your state

After a brief discussion on twitter I decided to look at the numbers of dwellings (houses, units, townhouses & villa's) on the market state by state.
I used realestate.com.au for the data state by state. Note that there are other RE portals such as Domain, so this analysis isn't perfect and it doesn't tell us exactly how many dwellings are for sale in any one state, but what it should do is give us an idea of the ratio of houses under $500K to houses above $500K assuming that houses under $500K are affordable for the majority of working Australians.

What I found was:-

NSW - 15,492 homes under and 24,899 homes above. That is 38% of homes in NSW are under $500K
VIC - 22,280 homes under and 17,527 homes above. That is 56% of homes in Vic are under $500K
QLD - 46,211 homes under and 22,544 homes above. That is 67% of homes in Qld are under $500K
WA - 21,459 homes under and 11,367 homes above. That is 65.4% of homes in WA are under $500K
SA - 12,992 homes under and 3,015 homes above. That is 81.2% of homes in SA are under $500K
TAS - 3787 homes under and 786 homes above. That is 82.8% of homes in TAS are under $500K
ACT - 727 homes under and 746 homes above. That is 49.3% of homes in ACT are under $500K

Interpret that anyway you choose.
A very rough guide this is.

Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
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