Australia has some of the most expensive real estate in the world, but what could you buy if you sold it?
Miami...
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Australia also has some of the world's most expensive meth, which you seem to have been smoking.
So we would have to assume you own alot of property FlySurfer. Especially if this is what you can afford.
Select to expand quoteyoungbull said..
So we would have to assume you own alot of property FlySurfer. Especially if this is what you can afford.
No bull, that cost the same as a shack next to a cemetery in Parramatta... (bogan area in Sydney).
Have you seen what sh!t costs here?
PS: I just wanted an excuse to post the pic of a nice pad... imagine the ho's dressed in bikinis driving lamborghinis you could score in Miami.
It looks like a photoshop beach and the house looks like an architectural 3D drawing?
He has a point, yes cheaper construction is used byt he Seppos, but an "average" house here at $500K is a LOT of house in USA. In areas out of cities, $300K gets you two a storey 5x2 with extras.
But Miami? 40deg, humid, zero wind, high crime. Fark that. (Unless one lives in the house at the top, in which case one may not care)
Fly and Mark have a quick look at real estate in Miami - 1bed house 395k. Right figures, wrong part of the states.
You could buy a two story 5 bedroom in the phillipines for 150 grand in a nice area, a nice pad in Sumatra/sumbawa for 100 grand.... But then you lose access to healthcare etc etc. I have seriously entertained Bali and you can rent a house there for 3000 dollars a year. If you want a pool and maid its about 4500 a year.
This is the best I could do.
Sell in WA for 460k, 30k transaction costs= 430k, move to Sunshine Coast.
Purchase a house with twice the sized block 800sqm for 350k.
Reduce debt by 80k.
Select to expand quoteUnderoath said..
This is the best I could do.
Sell in WA for 460k, 30k transaction costs= 430k, move to Sunshine Coast.
Purchase a house with twice the sized block 800sqm for 350k.
Reduce debt by 80k.
Or, sell Perth metro for $500k, more likely more, $10k agents fees on the sale, buy a cheap and cheerful in Geraldton for under $200k, $5k stamp duty.
Reduce debt/profit margin $285k and get to kite in an awesome location too 
I lived in Geraldton for 23 years."200k" will get me some 1960's homes west house Karloo or Rangeway- take your pick.
Mmmmmm, I like this house on Scott Road, next door neighbor is a wanna be chemist and the bloke across the street keep stealing my hubcaps.
These are not suburbs I'd choose to raise kids in. I'd go as far to say that they are possibly more dangerious than the KBG we have here in Perth.
I'd purchase in Cape Burney or Ruds Gully way.
Ha ha, you caught me out, Bonamia way, Scott Road, Felicia Street...
Possibly Drummonds would be my pick, rarely go there for work and ten minutes from Corros.
Select to expand quoteyoungbull said..
Fly and Mark have a quick look at real estate in Miami - 1bed house 395k. Right figures, wrong part of the states.
Was not talking abut Miami, I was talking about the general concept of "things you could buy if you sold up in AUS" as per the tiltle
Fact is an average house in Australia is a LOT more expensive than average house in USA. Or most countries in fact - as Govt policy allowing it to be treated as an investment has created a middle class rich who rent it out and 'own' multiple
houses on credit..... which bugger it for the rest.
Its certainly making it just that bit harder for the majority of buyers in Sydney who seem to be Chinese
I'd imagine if you were independently wealthy, ie selling your 2 bedroom flat in Sydney for $600K plus super and all that, it would be possible to buy somewhere in the northern middle of America close to a big lake and with some hills nearby. You could go sailing, windsurfing, kiting during summer as I think they get decent inland winds some places there. You could go snow skiing or boarding in winter. You could probably buy a decent place, perhaps a small farm with a comfortable house for much less than $600K so have a fair bit of money to live on.
Of course you could buy half of Detroit for $600K too. The place is picking up too, albeit from a very low base.
But if u still need to work in us wages are proportionally lower. No bus drivers on 70k over there
Select to expand quoteMark _australia said..
Was not talking abut Miami, I was talking about the general concept of "things you could buy if you sold up in AUS" as per the tiltle
Fact is an average house in WA/Sydney/Melbourne is a LOT more expensive than average house in USA. Or most countries in fact - as Govt policy allowing it to be treated as an investment has created a middle class rich who rent it out and 'own' multiple
houses on credit..... which bugger it for the rest.
There, fixed it for ya - don't drag the rest of us into your argument.
I live where you can still buy a 3 bed BV house near the ocean & walking distance from the beach/street for <$300k.
If you want a cheap home near the beach - try Bali or Vietnam. Land is cheap and construction costs on new homes are >1/2 of Aus costs.
edit - FS's original image is a rendered conceptual design.
Select to expand quoteChris6791 said..Underoath said..
Or, sell Perth metro for $500k, more likely more, $10k agents fees on the sale, buy a cheap and cheerful in Geraldton for under $200k, $5k stamp duty.
Reduce debt/profit margin $285k and get to kite in an awesome location too
WRONG!
If you spend less than $200k in Gero it may be cheap but it will certainly not be cheerful! You can't go kiting or sailing if your kit has been stolen!
Having said that I purchased a small 1970s 3x1 double brick home in a good area of Gero for only $330,000. House needs about $30k spending on it but I've still only spent $360k and I'm on a 1/4 acre block which I can sub dicvide so yes Gero is cheaper than Perth and in my eyes, much better value.
Select to expand quoteUnderoath said..
This is the best I could do.
Sell in WA for 460k, 30k transaction costs= 430k, move to Sunshine Coast.
Purchase a house with twice the sized block 800sqm for 350k.
Reduce debt by 80k.
Nothing good on the Sunnie Coast for $350k
Townsville. Broad economy (unlike cairns) consistent growth. Largest town outside capital cities and gold coast. Central houses 280.
Select to expand quotestamp said..
you have obviously never been to miami...
I've been to Orlando... close enough.
Select to expand quoteMuppet said..Chris6791 said..Underoath said..
Or, sell Perth metro for $500k, more likely more, $10k agents fees on the sale, buy a cheap and cheerful in Geraldton for under $200k, $5k stamp duty.
Reduce debt/profit margin $285k and get to kite in an awesome location too
WRONG!
If you spend less than $200k in Gero it may be cheap but it will certainly not be cheerful! You can't go kiting or sailing if your kit has been stolen!
Having said that I purchased a small 1970s 3x1 double brick home in a good area of Gero for only $330,000. House needs about $30k spending on it but I've still only spent $360k and I'm on a 1/4 acre block which I can sub dicvide so yes Gero is cheaper than Perth and in my eyes, much better value.
Other than those cottages at Point Moore, would you even get a house for less than 200k in Gero ? I thought those days were long gone.
Select to expand quoteJfunk said..Underoath said..
This is the best I could do.
Sell in WA for 460k, 30k transaction costs= 430k, move to Sunshine Coast.
Purchase a house with twice the sized block 800sqm for 350k.
Reduce debt by 80k.
Nothing good on the Sunnie Coast for $350k
You would be surprised, the wifes been looking for the past 12 months. Much better value than Perth.
I'm talking 10kms from the coast- not directly on the beach.
Select to expand quoteevlPanda said..
And then, 20 years later you realise "if we hadn't sold everything in Sydney, if we'd done nothing, we could be retired rich by now/bought my kids a house/travel forever" - My parents, who moved to a Gold Coast waterfront 25 years ago.
Whatever choice you make will be wrong and right. It always is.
My old man grew up in Caloundra when Bullcock St was still a dirt road. His house was somewhere near where the Centrepoint is now. He was offered to buy land at $1000 per hectare just to the north of Caloundra. He said it was nothing but swampland and would never be good for anything. It is now known as Kawana. Go figure. Select to expand quotemyusernam said..
But if u still need to work in us wages are proportionally lower. No bus drivers on 70k over there
Exactly.....
You all to often hear people complaining about how expensive it is here in Aust, and it is. We are also fairly well up there on the tax rate too (but by far from the most taxed)... We are also one of the better paid countries, have one of the highest annual leave rates (plus leave loading), have the most public holidays (it is not a legal requirement in the USA to allow leave and those that do give an average of 1-2 weeks), and although not perfect, we have a much better health system.
I'll keep my comfortable (but by no means extravagant) pay packet, pay the taxes, have my 6 weeks (or 4 with 10 public holidays) annual leave and stay here.
Selling up in Aust and retiring in the USA, might be different.
That is why I said independently wealthy, ie not having to go out and get work and still have enough money to live on. My guess is if you have around one and a half million dollars, own your own home, you probably don't need to work anymore as the return from this would be enough to fund a reasonably comfortable lifestyle.
Of course the other option is the dole.
Select to expand quoteRex said..Muppet said..Chris6791 said..Underoath said..
Or, sell Perth metro for $500k, more likely more, $10k agents fees on the sale, buy a cheap and cheerful in Geraldton for under $200k, $5k stamp duty.
Reduce debt/profit margin $285k and get to kite in an awesome location too
WRONG!
If you spend less than $200k in Gero it may be cheap but it will certainly not be cheerful! You can't go kiting or sailing if your kit has been stolen!
Having said that I purchased a small 1970s 3x1 double brick home in a good area of Gero for only $330,000. House needs about $30k spending on it but I've still only spent $360k and I'm on a 1/4 acre block which I can sub dicvide so yes Gero is cheaper than Perth and in my eyes, much better value.
Other than those cottages at Point Moore, would you even get a house for less than 200k in Gero ? I thought those days were long gone.
I had a look before I posted it last night, there are still a few in the $160-180k range, definitely cheap, but the cheerful was a bluff :) there are **** box 3 x 1's for sale in suburbs that are, um, well, less than desirable... But still less than ten minutes to the beach.
