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Champion
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Joined: 17 Oct 2020
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Points: 785 		Post Options Post Options   Thanks (0) Thanks(0)   Quote fee Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 9:43am
Originally posted by Baghdad Bob Baghdad Bob wrote:

Originally posted by furious furious wrote:

I hate that our economy revolves around our housing.  So many of the younger Australian will never have what my generation took for granted.  And why.

House you buy for say $60K forty years ago now selling for near to or over $1 million.  You haven't had to pay rent.  Yes you have had to spend money to keep it in good nick but the house doesn't owe you anything. 

 

 
I live in a well established inner eastern suburb in Melbourne.

I bought my current house 35 years ago, then renovated that cost the same as the purchase price. If my house had gone at that rate of $60K to $ 1million (  16.6 times ) I would gladly sell tomorrow. More like 6 > 7 times in appreciation. 

That is a fact. Some here are very bitter.

However it was so much easier to buy property in the old days, prices were not crazy, I managed to buy a nice flat as they were called then in one of the top areas near the Botanic Gardens whilst on a crappy salary, in my 20's
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furious View Drop Down
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Joined: 19 Feb 2007
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Points: 17703 		Post Options Post Options   Thanks (0) Thanks(0)   Quote furious Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 10:31am
Baghdad Bob my 60K house is now about the 600K mark and that is 10 times. At the peak a smaller house than ours went for over 800K so maybe 600k is a bit low even.  Others, which have been renovated up to a far greater extent, are even higher and over the 1 million in my area.  And we are one of the cheaper areas in Sydney.
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max manewer View Drop Down
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Points: 32911 		Post Options Post Options   Thanks (0) Thanks(0)   Quote max manewer Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 12:01pm
Record low interest is what is buoying the housing market.
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Carioca View Drop Down
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Points: 12774 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Carioca Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 12:13pm
Tommy Smith to loyal heavy weight jockey and avid trackwork rider Ted Swinton as he paid the ten pound weeks wages, " Invest in bricks and mortar Ted , you can't go wrong". wise man was Tommy. btw that was 65 years ago , a lot has changed since then.Wink
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max manewer View Drop Down
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Obviously Tommy wasn't giving him the right mail !
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Carioca View Drop Down
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Points: 12774 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Carioca Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 12:21pm
How so? Tommy had multiple properties , as has his daughter now, I knew Ted , he never had the arse out of his pants.LOL
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max manewer View Drop Down
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I would have thought Tommy's best mail would have Trumped real estate, as an investment at the time. But then I knew a bloke who allegedly got information from Ernie, and it didn't seem that good. Who knows what ears the "right" info reaches.
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TJMitchell View Drop Down
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Joined: 29 Jun 2014
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Points: 7038 		Post Options Post Options   Thanks (0) Thanks(0)   Quote TJMitchell Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 12:51pm
US covid surge since October
I wish I had a sig
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Passing Through View Drop Down
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Points: 52921 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 1:03pm
Another record smashing day today.
   
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Trump's only concern seems to be that posterity ascribes the vaccines to his endless striving. Dead
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TJMitchell View Drop Down
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Herd immunity a complete failure in Sweden. 178,000 new cases and 1154 deaths since October 1st
I wish I had a sig
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TJMitchell View Drop Down
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Hungary, who advocated Hydroxy as a solution back in March/April, has had 85% (4543) of it's total deaths in the past 2 months.
I wish I had a sig
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Originally posted by Passing Through Passing Through wrote:

Another record smashing day today.



And not a word from him about it. He really isn’t trying anymore (if he ever was).
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TJMitchell View Drop Down
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Points: 7038 		Post Options Post Options   Thanks (0) Thanks(0)   Quote TJMitchell Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 1:32pm
Places like Singapore and Taiwan doing a fantastic job as well as New Zealand and here in Aus (except of course that Vic 'slip up').
I wish I had a sig
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max manewer View Drop Down
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I could have sworn the SKY liars were touting Sweden as a prime example of the "right" approach, not that long ago.
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Points: 5528 		Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 1:46pm
Correct, remember that silly old fella who used to post here?

Used to bombard us with ridiculous POV from those idiots.
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macca was inclined to drink the SKY kool-aid, I wonder what their actual audience figures are.
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As Trump said, "there is only one Rupert". Dead
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Originally posted by max manewer max manewer wrote:

macca was inclined to drink the SKY kool-aid, I wonder what their actual audience figures are.


They average 60-70,000 for the "after dark" (Bolt, Jones, Murray, Credlin)
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That is pretty low.
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Niche audience.
   
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Carioca View Drop Down
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Originally posted by horlicks horlicks wrote:

Originally posted by max manewer max manewer wrote:

macca was inclined to drink the SKY kool-aid, I wonder what their actual audience figures are.


They average 60-70,000 for the "after dark" (Bolt, Jones, Murray, Credlin)
May as well throw in that Outsider mob too Horlicks LOL oh, and that Miranda Devine too , somehow I feel a little sick.Ouch
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max manewer View Drop Down
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It is hard to get a job in real journalism these days, you take what you can get.
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Big changes expected for Vic on Sunday
I wish I had a sig
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Originally posted by Carioca Carioca wrote:

Originally posted by horlicks horlicks wrote:

Originally posted by max manewer max manewer wrote:

macca was inclined to drink the SKY kool-aid, I wonder what their actual audience figures are.


They average 60-70,000 for the "after dark" (Bolt, Jones, Murray, Credlin)
May as well throw in that Outsider mob too Horlicks LOL oh, and that Miranda Devine too , somehow I feel a little sick.Ouch



The Outsiders are the bottom of the cesspool that are the Sky News hosts. Three halfwits masquerading as intelligent life form led by that real “dope’s dope” Rowan Dean. Is he still telling the world that Trump will win by a landslide? LOLLOL
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Baghdad Bob View Drop Down
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Originally posted by furious furious wrote:

Baghdad Bob my 60K house is now about the 600K mark and that is 10 times. At the peak a smaller house than ours went for over 800K so maybe 600k is a bit low even.  Others, which have been renovated up to a far greater extent, are even higher and over the 1 million in my area.  And we are one of the cheaper areas in Sydney.



In the 35 years I have lived in our home I am sure I have paid as much in council rates and normal on-going property maintenance such as repainting etc as what the original purchase and renovation cost.

According to Google $1 AUD in 1985 is now the equivalent to $2.98 AUD. If my house cost me twice as much  to buy, renovate and maintain over those 35 years and the value of money is 2.98 times , I am certainly in front as mine has risen more than 2.98 times but not as much as it first appears.

In real terms I have probably doubled my money.
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Points: 32911 		Post Options Post Options   Thanks (0) Thanks(0)   Quote max manewer Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 2:42pm
The real estate market and the CPI have not been that congruent.
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Originally posted by Passing Through Passing Through wrote:

Niche audience.
  I'd say TBV is a "niche" audience if I've ever seen one. Full of deadbeats & cupcakes LOL
There's got to be a morning after !
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Actually there has been a mass exodus since the election oneone.
   
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Points: 26558 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 04 Dec 2020 at 3:08pm
Sold the family home in 1978 for $40,000.  A second story bedroom/ensuite was later added.  Now valued at $2 million.

Bought our Canberra home in 1979 for $42,500.  Sold it in 2002 for $395,000.

Bought our Wangaratta property for $225,000 in 2001.  Renovated and added infrastructure at a cost of about $65,000.  Sold it in 2018 for $632,000.

Bought our house in Bendigo for $385,000 in late 2018.  Already valued at $515,000.

FWIW.
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