gahhhh

[boodie]

apparantly the median house price in Hobart now is $196,000 thats a 45% rise from this time last year.

and now takes almost 22% of the average income to service a mortgage.

BLOODY HELL..


well there goes the dream of buying a house in the next 6 months or so 8-(

Comments

[gabriel-angel.livejournal.com]

*hugs*

[inaniac.livejournal.com]

According to a report on some silly current affair program last night ... we are entering a buyer's market. mind you, they only looked at sydney, melbourne and brissie but apparently prices are going to fall or at least remain steady ... so don't rush it ... some dreams are worth a little extra wait.

[funnelwebkitten.livejournal.com]

i cant rush it, with only 90k, i have to wait.

[bobbain.livejournal.com]

According to a link from ninemsn.com (which may not be permanent)

http://finance.ninemsn.com.au/money/Property/stories/story_1322.asp

"Housing affordability is at a 12-year low. It now takes close to 40% of average Australian household disposable income to support the mortgage repayments on a median-priced house, which stood at $339,400 in June 2003, according to a report from investment bank JP Morgan. This is becoming such a social problem that the Federal Government is conducting an inquiry to see what can be done."

If Hobart requires 22% to "service a mortgage" contemplate that the national figure is 40%.

It doesn't help but there's an old adage concerning a man who believed he was in dire straits because he had no shoes until he spoke to a man who had no legs.

[funnelwebkitten.livejournal.com]

also contemplate the fact that people in hobart earn about 85% lower than the average wage as compared to the rest of australia.

[charles.livejournal.com]

I've basically given up on the idea of owning a house at all.

[funnelwebkitten.livejournal.com]

if i lived on the mainland, I would also..

400,000 plus for dodgy house in the wilds of melbin or sydney??

no way

[sjwt.livejournal.com]

live in the burbs!!

[funnelwebkitten.livejournal.com]

I DO live in the burbs..

[sjwt.livejournal.com]

i ment in brissy,
it might be 400K for a city house,
but out hear in the burbs, we are
in a nice one.. ours is 180.

[sjwt.livejournal.com]

hears what you do,
move out of that state,
then get on one of thsoe move to Tassie
and get a free house options they have
going in those backwards parts of out there :P

[eozarth.livejournal.com]

I know it totally sucks butt. Joel and I are at the stage where we want to enter the first home buyers market but it's just too damn expensive. Here in Canberra there's no houses under about 300K and they are the "low priced" hovels. I think our plan of attack will be to buy a 1 or 2 bedroom unit/townhouse, pay it off, install tenants and get something bigger. We'll work our way up to a proper house. Will take longer and probably be far more frustrating but we can't afford it otherwise. Currently paying $270/week just for rent. :/

[funnelwebkitten.livejournal.com]

ouch, thats a lot of money..

and I know my rent money feels like its wasted.