bah

[boodie]

The house next door to me is up for sale, they want $140,000 for a bog standard 3 bedroom house, much the same age as this one, it's nothing special, I've been in it, $140,000...

At this rate I'll never be able to afford to buy a house, I worked it out the largest I could possibly hope to be able to borrow is a max of 100K.. and even that is a bit a stretch, so maybe 90k tops, any more and i'd be stretched too far.

You cant find a decent house for that much money, it wasn't that long ago, thats $140K would have brought me two decent houses in nice suburbs.

Added on top of this was the news that housing affordability in Tasmania has fallen to a new low of 33%, and that the amount of a persons weekly wages required to service housing debt has risen, and we're not talking massive 1/2 mill mortgages like they have in Melbourne and Sydney, we're talking about 150k tops mortgages, on average.

*sigh*

Comments

[bobbain.livejournal.com]

Do you need three bedrooms ?
How about a unit or a townhouse ?
Two bedrooms ?

Despite people taking out large mortgages in the Sydney area this townhouse cost me $77,500 back in 1996. It's value would have doubled in that time.

The truth is that prices are as low as they're going to be.

When I look at Tasmanian real estate prices on the net I find (outside Hobart) properties below $50,000.

This townhouse isn't a mansion (in fact it's a bit wobbly around the edges) but it keeps the rain off my head :-)

[elektron.livejournal.com]

*hug*

*blankies*

[dharawal.livejournal.com]

I need 3 bedrooms, I have two teenage daughters Bobb, and units cost even more, and the only townhouses are in town in the new up market developments and we're talking 250k min.

Realestate

[miffedmidget.livejournal.com]

Two words for you.

"Realestate Crash"

Its coming, maybe not this year, but soon damnit! Everyone says so...

Of course on the other everyone seems to think interest rates are only going to go up...