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"Sydney is expensive"....ah shurrup!

  • 05-05-2010 10:15am
    #1
    Registered Users, Registered Users 2 Posts: 1,643 ✭✭✭


    Is anyone else baffled when they hear some Irish come out with this one? I can half understand the mindset when someone from wherever in the north of England that does 1 pound pints says it, but why do so many Irish have such a short term memory and think that this place is expensive? Granted, the slimming of the difference in the euro/ dollar means everything is no longer litreally half as cheap as it once was, but still like.Where does this crap come from? Do you regard it as expensive?


«1

Comments

  • Registered Users, Registered Users 2 Posts: 716 ✭✭✭DamoDLK


    I regard most of the Australian Cities which I have visited as being expensive.

    Cars are the best example I have in mind!


  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    DamoDLK wrote: »
    I regard most of the Australian Cities which I have visited as being expensive.

    Cars are the best example I have in mind!


    Are you talking about the expensive Fuel or the expensive Insurance?


    or the expensive new cars

    Australia NEW (2010 model) Toyota Land Cruiser Prado VX 3.0 DT Auto $75490 (€52929)

    V

    Ireland NEW (2009 model) Toyota Land Cruiser GX 3.0 D4D SUV Auto €71905 ($102554)


    (the above cars are slightly different but similar specs)

    http://www.cbg.ie/NewCars/Toyota/Land_Cruiser/SUV_5_dr/GX_3.0_D4D_LWB.aspx

    http://www.toyota.com.au/prado/specifications/vx-turbo-diesel

    In Australia Diesel $1.28 L (€ 0.90) Petrol $1.29 (€0.91)
    In Ireland Diesel €1.33 ($1.89) Petrol €1.23 ($1.75)

    http://www.pumps.ie/
    https://www.mynrma.com.au/cps/rde/xchg/mynrma/hs.xsl/petrolwatch_countryprices.htm


    As for insurance here is 2 examples

    2008 Land Cruiser Prado GXL 3.0 D fully comp insurance 33 yo man no claim Business use $1350 (€ 946)

    2009 Toyota Rav 4 2.4L fully comp insurance 24 yo female Private $1200 (€840)


    (I do think older used cars are a bit over priced, you can get a real old banger back in Ireland for 1/2 price)


  • Registered Users, Registered Users 2 Posts: 716 ✭✭✭DamoDLK


    mandrake04 wrote: »
    Are you talking about the expensive Fuel or the expensive Insurance?
    or the expensive new cars......

    No - just from personal experience - used car market is an expensive one, old cars which would be off the Irish market years ago are still available and asking for e.g. $3000.

    In response to you Toyota example:

    http://www.carzone.ie/search/Land-Rover/Range-Rover/200908191878930/advert?channel=CARS

    http://www.tradingpost.com.au:80/Automotive/Used-Cars/Small-Medium-Family-Prestige-Cars/AdNumber=D468400192932?BackToResult=true&AdOnTop=


  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    DamoDLK wrote: »
    No - just from personal experience - used car market is an expensive one, old cars which would be off the Irish market years ago are still available and asking for e.g. $3000.

    In response to you Toyota example:

    http://www.carzone.ie/search/Land-Rover/Range-Rover/200908191878930/advert?channel=CARS

    http://www.tradingpost.com.au:80/Automotive/Used-Cars/Small-Medium-Family-Prestige-Cars/AdNumber=D468400192932?BackToResult=true&AdOnTop=

    My Toyota example was for New cars, I did mention at the bottom of my post that the price of old scrappers in Australia is over priced


  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    Australia is expensive.

    But it is what it is and it suits me fine


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  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    To be honest at the moment I am looking to buy a house in Sydney.... That is expensive but I am going just have to bite the bullet.


  • Registered Users, Registered Users 2 Posts: 469 ✭✭universe777


    mandrake04 wrote: »

    Australia NEW (2010 model) Toyota Land Cruiser Prado VX 3.0 DT Auto $75490 (€52929)

    V

    Ireland NEW (2009 model) Toyota Land Cruiser GX 3.0 D4D SUV Auto €71905 ($102554)

    You can't really compare new car prices with Ireland, which has notoriously high VRT.

    Anyone that says Australia is not expensive is living in the clouds, and living in a ****ty hostel, eating 2 minute noodles everyday and drinking nothing but water.


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    I find the cost of living very cheap in Australia. I'm much better off than I ever would have been in Ireland.
    mandrake04 wrote: »
    To be honest at the moment I am looking to buy a house in Sydney.... That is expensive but I am going just have to bite the bullet.
    I think it would be nuts to buy into Australia's bubble, but each to their own. Australia hasn't even had the GFC yet.
    [Edit]food for thought:http://www.thepropertypin.com/viewtopic.php?f=11&t=26758&start=180[/edit]


  • Closed Accounts Posts: 1,150 ✭✭✭FreeAnd..


    ballooba wrote: »
    I find the cost of living very cheap in Australia. I'm much better off than I ever would have been in Ireland.

    I think it would be nuts to buy into Australia's bubble, but each to their own. Australia hasn't even had the GFC yet.
    [Edit]food for thought:http://www.thepropertypin.com/viewtopic.php?f=11&t=26758&start=180[/edit]

    +100000000000 - next few years are going to be pretty rough in Oz

    - not that here is really a place for discussion of it, i spend enough time on the pin as it is - this place is the only break i get from it :)


  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    ballooba wrote: »
    I find the cost of living very cheap in Australia. I'm much better off than I ever would have been in Ireland.

    I think it would be nuts to buy into Australia's bubble, but each to their own. Australia hasn't even had the GFC yet.
    [Edit]food for thought:http://www.thepropertypin.com/viewtopic.php?f=11&t=26758&start=180[/edit]

    Yeah thats what I was thinking myself, but my GF father has lived in Sydney for 30 years and he reckons that as long as you are careful with what area you decide to buy into you cant really lose.

    I really don't think there will be housing bubble anything like Dublin or Ireland, there is a major shortage of housing in Sydney.


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  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    You can't really compare new car prices with Ireland, which has notoriously high VRT.

    Anyone that says Australia is not expensive is living in the clouds, and living in a ****ty hostel, eating 2 minute noodles everyday and drinking nothing but water.

    Well DamoDLK brought the subject up about cars, Fuel, Insurance and new cars are definitely cheaper than Ireland.

    European cars are wildly more expensive in Australia compared to the Price of Jap and Aussie made cars. Thats why DamoDLK example of the Range Rover was more expensive that would be classed a European Luxury car also the price of Jaguar here is far more expensive. Try buying a 4 year old 6.0L V8 Commodore in Ireland, definitely pay more in Ireland than you would in Australia for one of those.

    But on the other hand

    You could buy a decent scrapper Corolla in Ireland for €500 but exact same car would cost $2000 in Australia.


    Off the subject of cars and onto everyday stuff

    Australia is pretty expensive, $2.50 for a bottle of water or $2.50 for a Mars bar is pretty expensive.

    Also value it also depends on where you shop, there are big differences depending on the suburb. I might pay less for something in my local supermarket than I would in the likes of Bondi Junction.


  • Registered Users, Registered Users 2 Posts: 3,668 ✭✭✭eringobragh


    mandrake04 wrote: »

    I really don't think there will be housing bubble anything like Dublin or Ireland, there is a major shortage of housing in Sydney.

    I hope for your sake your right, there was alot of scaremongering in the irish market 'buy now or commute from a 400k portacabin in Mayo'


  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    In relation to housing. I think you are safe enough as long as you dont go nuts on extras or non value adding items. Gold taps etc. Since I started writing this post a about 10 more people have come to live in Oz. As long as there are people there will be a demand for housing. As long as there is a good demand houses will not crumble in value.

    Besides you have to live somewhere.

    Items here that are expensive are numerous.

    Food is by no means cheap, Petrol is cheaper but I went and cancelled out those savings by buying a 4 litre car.

    You can survive here very cheaply but if you want to live here you will find things rise up very fast.

    Consider
    Car tax
    Car Insurance
    Medical insurance
    Rent(on a place you can live in without 6 people splitting the rent)/Mortgage (mortgages are flying up)
    Gas
    Water
    Electricity
    etc
    Phone charges


  • Registered Users, Registered Users 2 Posts: 4,526 ✭✭✭m@cc@


    but why do so many Irish have such a short term memory and think that this place is expensive?

    Because not all Irish people are from Dublin.


  • Closed Accounts Posts: 1,150 ✭✭✭FreeAnd..


    I hope for your sake your right, there was alot of scaremongering in the irish market 'buy now or commute from a 400k portacabin in Mayo'

    there is and has been a bubble in Oz and it feels eerily like 2006 in Ireland - the last surge was the pump of the First Home Buyers grant increase (now gone back) with a huge number surging into the market...everything would have happened sooner except for the extraordinary stimulus measures which resulted in more people being sucked in...

    The recent raft of rate rises has started a ball rolling that will be very hard to stimulate out of - couple that with the housing buble in China and Australia is on its way into a perfect storm all of its own...the same "Australia is different", there is a housing shortage (not backed up by proper non VI reports), immigrants will keep coming etc was all being spouted in Ireland not too long ago - by 2013 they will realise that they werent so different after all in Australia

    Sorry - should have stuck to my own advice and kept it to the pin


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    mandrake04 wrote: »
    Yeah thats what I was thinking myself, but my GF father has lived in Sydney for 30 years and he reckons that as long as you are careful with what area you decide to buy into you cant really lose.
    That's what they said in Ireland too. 4 years ago is not a long time, remember what they said here then.
    mandrake04 wrote: »
    I really don't think there will be housing bubble anything like Dublin or Ireland, there is a major shortage of housing in Sydney.
    I don't believe there is a housing shortage in Sydney. There are no tent cities. There's plenty of rental supply. There are plenty of people who bought houses/units during the FHB boost that do not need them yet. All signs are pointing to a crash/crashes in Australia.


  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    m@cc@ wrote: »
    Because not all Irish people are from Dublin.
    Yes some want to be ...


  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    FreeAnd.. wrote: »
    there is and has been a bubble in Oz and it feels eerily like 2006 in Ireland - the last surge was the pump of the First Home Buyers grant increase (now gone back) with a huge number surging into the market...everything would have happened sooner except for the extraordinary stimulus measures which resulted in more people being sucked in...
    True this did not help the true value of houses, but it was a fair smack of free money I took it.
    FreeAnd.. wrote: »
    The recent raft of rate rises has started a ball rolling that will be very hard to stimulate out of - couple that with the housing buble in China and Australia is on its way into a perfect storm all of its own...
    Those rate rises will cap things, I have a mortgage and each one .25 costs me a slab a month.
    FreeAnd.. wrote: »
    the same "Australia is different", there is a housing shortage (not backed up by proper non VI reports), immigrants will keep coming etc was all being spouted in Ireland not too long ago - by 2013 they will realise that they werent so different after all in Australia
    Yes but here immigrants will keep coming in, unless there by boat if in power the Liberals plan to machine gun them in indonesian waters in 2011.

    On a serious note comparissons in property between ireland and australia are very hard America might be a better case.

    I personnally believe with the rate rises property will fall but not on any scale to ireland.
    FreeAnd.. wrote: »
    Sorry - should have stuck to my own advice and kept it to the pin

    Do the pin readers care about the aus property market?


  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    Really housing bubble or not everyone has to pay to live somewhere.

    I am only buying one house to live in not 6 investment properties to rent out, At the moment I am paying $1600 a month in rent where I can buy a place for $2000 month cant really see that changing in the near future Like Zambia says buy within your means and it shouldn't be a problem.

    As of Tuesday the interest rate has only got back to what would be classed as 'Normal' rates, anyone who bought in the last 5 years and strapped themselves up with a home loan without factoring in an extra 2% is going be in trouble.


  • Closed Accounts Posts: 1,150 ✭✭✭FreeAnd..


    Zambia232 wrote: »
    ...

    Do the pin readers care about the aus property market?

    Pin readers care about all markets :) (especially ones they have been part of)

    I agree that Australia will be no where near as bad as Ireland - to be honest it will be hard for anyone to be near as bad as Ireland but when the dust settles in a decade or so anyone who over stretched in Australia and believed the hype and rhetoric will be burned just as they have been in ireland (maybe not as badly but burned all the same)

    All the talk in Australia is exactly the talk in ireland in 06/07/08 and was the talk in America before that, and the UK - they are all different but the only real difference is timing - Australia would have been matched up with everyone else has the FHBG not been increased and the bubble actively promoted - the dependance on China is staggering too and the exposure of ordinary people to property is immense

    Still though, they may be the first country ever to escape a bubble/bust - not very likely and as with Ireland people will still be debating over whether there is a bubble for a number of years after it actually burst


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  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    Also as for housing shortages anytime I went to an open house for rental property there would always be about 30 people show up for the viewing, not 3 or 4... but 30. But then again it all depends on where you live 25K from the city would be in bigger demand than 60KM from the city.


  • Closed Accounts Posts: 1,150 ✭✭✭FreeAnd..


    mandrake04 wrote: »
    Also as for housing shortages anytime I went to an open house for rental property there would always be about 30 people show up for the viewing, not 3 or 4... but 30. But then again it all depends on where you live 25K from the city would be in bigger demand than 60KM from the city.

    was it not the same in dublin late 2006 - with rents rising mom also? now they can't give them away - but good locations will always attract interest


  • Registered Users, Registered Users 2 Posts: 6,240 ✭✭✭hussey


    Sydney has a population of 4.4million people
    which is nearly the size of Ireland

    If you want cheap living then you can move west with a long commute, You can rent houses 1-2hours away for around $200 a week,

    so if most people are living inner city, then you can't really complain about rent.

    I find Sydney a lot cheaper for food and drink (eating out)
    My local thai in newtown is 11.50 for a main & free BYO, and food is delish.

    I can get a good quality steak and chips for $10 on monday & tuesday (prob more if I look around) a

    My local has pints of Bulmers for 6.20(I think)

    But saying that I find supermarkets a lot more pricey for bread, milk etc etc

    Cars
    I paid $254 tax for a 1.6Litre car for a year
    according to here it is $650 (445euro)

    My CTP + 3rd party insurance was $809 (550euro) , I was quoted 950euro

    petrol again due to tax it is higher in Ireland.

    Houses are probably cheaper now in Ireland, but then again it just had a massive crash, so no surprises

    Wages in my line of work were higher in Ireland a few years ago, but now I am earning about 25% more than avg in Ireland.

    But as I mentioned in the First post, if anyone is expecting Sydney to be cheap then they should move away from the inner city and head west, you'll notice a huge difference.


  • Registered Users, Registered Users 2 Posts: 350 ✭✭amybabes


    i have to agree with ballooba, i think its cheaper to live here for most things, and know i'm far better off here than at home.

    Things i find cheaper: rent, groceries, eating out, holidays (going to cairns next week for 4 nights for $450 each incl. flights and a 4 star hotel)

    Don't find any real difference in clothes prices or medical expenses (i never had a medical card or the likes at home so always had to pay E50 a time for the doctor, prob actually is a bit cheaper here!)

    I got a great deal on a used toyota rav 4, 1997 model but had to stretch to just over 3,700...... anything we saw for around the 2,500 grand mark (our original budget) you wouldn't pay more than a couple of hundred at home for (and you'd be taking it off someones hands!) so found the little bit extra got us tonnes more value.

    I'm from the south east at home, so no gumtree for my nearest town so i love using it here......furnished our whole apartment from ebay and gumtree....got like new couches for 100 on gumtree.....can't beat it!


  • Registered Users, Registered Users 2 Posts: 350 ✭✭amybabes


    sorry - forgot to add, the worst thing is parking fines etc....$200 fine for what would be a E40 fine at home, or something you wouldn't be fined for (not having a parked car facing a certain direction)!


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    Zambia232 wrote: »
    True this did not help the true value of houses, but it was a fair smack of free money I took it.
    For the developers. The developers merely increased the asking price of the units by the amount of the boost or more. If everyone in the market is getting it then it's of no advantage. The only way a buyer could have benefited was by buying at a pre-boost price.
    Zambia232 wrote: »
    Those rate rises will cap things, I have a mortgage and each one .25 costs me a slab a month.
    Zambia232 wrote: »
    I personnally believe with the rate rises property will fall but not on any scale to ireland.
    Cap things? Soft landing? Ireland/USA/Japan/Sweden/Korea/Spain/Portugal were all promised a soft landing.

    The only force maintaining capital values is the promise of capital appreciation. It's a self-reinforcing cycle. Deflation causes buyers to postpone their purchases. Australia has already brought forward years of demand with the boost. They could be left with a huge vacuum of buyers, much like Ireland has.
    Zambia232 wrote: »
    Yes but here immigrants will keep coming in, unless there by boat if in power the Liberals plan to machine gun them in indonesian waters in 2011.
    Will they buy houses though? Housing stock in Australia is hugely underutilised with roughly a third of houses barely occupied AFAIK. Not to mention the number of empties.
    Zambia232 wrote: »
    Do the pin readers care about the aus property market?
    Yes, for two reasons. Even if we don't plan on settling down in Australia long term, this is a matter of interest for anymore who pays attention to current affairs.


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    mandrake04 wrote: »
    Really housing bubble or not everyone has to pay to live somewhere.
    There's a vast gulf between needing to live somewhere and needing to buy. As I mentioned above, there are no tent cities. There is plenty of supply.
    mandrake04 wrote: »
    I am only buying one house to live in not 6 investment properties to rent out, At the moment I am paying $1600 a month in rent where I can buy a place for $2000 month cant really see that changing in the near future Like Zambia says buy within your means and it shouldn't be a problem.
    Frankly, that is impossible in the current climate unless you are comparing apples to oranges. The $2000 unit cannot be comparable to the $1600 dollar unit. If it is then tell it would be the best investment in Australia right now.
    mandrake04 wrote: »
    As of Tuesday the interest rate has only got back to what would be classed as 'Normal' rates, anyone who bought in the last 5 years and strapped themselves up with a home loan without factoring in an extra 2% is going be in trouble.
    They're approaching normal, but I'm not sure that rates are at average levels if you look over a thirty year period. Far from it.


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    mandrake04 wrote: »
    Also as for housing shortages anytime I went to an open house for rental property there would always be about 30 people show up for the viewing, not 3 or 4... but 30. But then again it all depends on where you live 25K from the city would be in bigger demand than 60KM from the city.
    I've never had a problem competing in the Sydney rental market. In fact some very good areas have been seriously depressed since the GFC.


  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    ballooba wrote: »

    Frankly, that is impossible in the current climate unless you are comparing apples to oranges. The $2000 unit cannot be comparable to the $1600 dollar unit. If it is then tell it would be the best investment in Australia right now.

    Why would you think that?

    I am living in a 3 BR Unit $410 per week ($1640) its probably valued at about $450K.

    Thinking of buying a 2 BR Townhouse for $460k, Deposit of $80K plus $7K FHOG.

    $370K home loan payments quote about $2000 a month.

    (Plus Strata, water and rates.)


    Hardly Rocket science


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  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    ballooba wrote: »
    For the developers. The developers merely increased the asking price of the units by the amount of the boost or more. If everyone in the market is getting it then it's of no advantage. The only way a buyer could have benefited was by buying at a pre-boost price.
    true , in that case it was simialar to the year ireland dropped stamp and all propertys affected jumped in price by stamp value.
    ballooba wrote: »
    Cap things? Soft landing? Ireland/USA/Japan/Sweden/Korea/Spain/Portugal were all promised a soft landing.

    The only force maintaining capital values is the promise of capital appreciation. It's a self-reinforcing cycle. Deflation causes buyers to postpone their purchases. Australia has already brought forward years of demand with the boost. They could be left with a huge vacuum of buyers, much like Ireland has.
    You see I would disagree while every man and his dog was buying houses in ireland for CA that is not the case here. People here seem to want to buy most stock to live in.
    ballooba wrote: »
    Yes, for two reasons. Even if we don't plan on settling down in Australia long term, this is a matter of interest for anymore who pays attention to current affairs.

    In relation to buying a house life is what happens when your making plans. Sometimes we just have to get on with life and get in the ring. Spent enough time waiting to migrate just to go sit on my hands and wait to buy a house...


  • Closed Accounts Posts: 1,150 ✭✭✭FreeAnd..


    Zambia232 wrote: »

    You see I would disagree while every man and his dog was buying houses in ireland for CA that is not the case here. People here seem to want to buy most stock to live in.

    in some parts of WA its worse than it ever got at home - people with double figure properties banking on the mines always requiring huge numbers of people to be put up - didnt seem as bad on the east coast but the australian mentality to housing is extremely similar to ireland (up to 07) -

    whatever way you look at it Australia is in for a pretty big awakening - as long as you're smart about it, are not buying a home solely as an investment and can afford to withstand a lot of interest rate increases (+ dont really care about loosing money in real terms)...then i would not try to dissuade anyone against buying - (its often a pointless exercise anyway)

    alot of people fell into that bracket at home in late 06/07 and i guarantee if you asked any of them now whether they regret buying or not there would be only one answer


  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    FreeAnd.. wrote: »
    in some parts of WA its worse than it ever got at home - people with double figure properties banking on the mines always requiring huge numbers of people to be put up - didnt seem as bad on the east coast but the australian mentality to housing is extremely similar to ireland (up to 07) -
    I never knew it was like that in WA, in Melbourne its pretty hard to find a decent property for sale. Never mind successfully buy it.


  • Closed Accounts Posts: 17 cerey


    You think Sydney is expernsive, try Perth!!! Most isolated city in Australia. Although still nowhere near as bad as Ireland!!


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    Zambia232 wrote: »
    You see I would disagree while every man and his dog was buying houses in ireland for CA that is not the case here. People here seem to want to buy most stock to live in.
    One in seven Australian taxpayers has at least one investment property. One in ten are claiming negative gearing on investment property.
    Zambia232 wrote: »
    In relation to buying a house life is what happens when your making plans. Sometimes we just have to get on with life and get in the ring. Spent enough time waiting to migrate just to go sit on my hands and wait to buy a house...
    You misinterpreted my post, I intended to say the market is of interest to those settling in Australia and potentially buying a house. For those not settling in Australia but interested in current affairs it is also of interest.

    As for life happening while one makes plans, I managed to migrate without buying a house. I haven't had to stop living, in fact I've had the life of Reilly with my huge disposable income.


  • Closed Accounts Posts: 17 cerey


    Can someone please tell me how to create a new thread???? Cant find the button :confused:


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  • Registered Users, Registered Users 2 Posts: 4,435 ✭✭✭mandrake04


    cerey wrote: »
    Can someone please tell me how to create a new thread???? Cant find the button :confused:


    Go to the main Australia New Zealand page and it at top left hand side.


  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    ballooba wrote: »
    As for life happening while one makes plans, I managed to migrate without buying a house. I haven't had to stop living, in fact I've had the life of Reilly with my huge disposable income.

    Cant really get into that without asking loads of personnal questions mate.

    But rest assured in some ways I am a little envious, we all require different things. If it was just me I would be living out of the back of a Hilux somewhere north of Woop woop.


  • Closed Accounts Posts: 17 cerey


    mandrake04 wrote: »
    Go to the main Australia New Zealand page and it at top left hand side.
    Thanks Mate


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    Zambia232 wrote: »
    Cant really get into that without asking loads of personnal questions mate.

    But rest assured in some ways I am a little envious, we all require different things. If it was just me I would be living out of the back of a Hilux somewhere north of Woop woop.
    It's true that circumstances and hence personal values vary. Personally if my own circumstances demanded I buy a house I would be vary careful to buy well within my means and be conscious of the significant risk probability of losing over 33% of the purchase price.

    I'm lucky that my personal circumstances don't dictate that I buy and I can rent a beautiful place for peanuts. I'm hoping that if a wife or children start to impact on my values that comfort and quality of life will trump security of tenure.


  • Registered Users, Registered Users 2 Posts: 40,972 ✭✭✭✭Xavi6


    cerey wrote: »
    You think Sydney is expernsive, try Perth!!! Most isolated city in Australia. Although still nowhere near as bad as Ireland!!

    What makes you think Perth is more expensive than the likes of Sydney?


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  • Closed Accounts Posts: 17 cerey


    Xavi6 wrote: »
    What makes you think Perth is more expensive than the likes of Sydney?
    Have you lived in both cities...do I really need to explain myself on this one?!


  • Registered Users, Registered Users 2 Posts: 40,972 ✭✭✭✭Xavi6


    cerey wrote: »
    Have you lived in both cities...do I really need to explain myself on this one?!

    Well yes it would be nice if you could explain why. It generally helps.

    I haven't lived in Sydney but plan heading there at some stage so it would good to get an idea as to the price differences.


  • Banned (with Prison Access) Posts: 13,018 ✭✭✭✭jank


    The very first thing I noticed here in Sydney is how property mad they are. Much like Ireland was before the crash. Rates are rising now and all of a sudden new home buyers cant afford to buy anymore. The next 6-12 months will be very interesting as many people here are up to their eye balls in debt. Very much like Ireland in fact, so similar its scary. I expect at least one bank to be bailed out when the **** its the fan.


  • Closed Accounts Posts: 1,150 ✭✭✭FreeAnd..


    jank wrote: »
    The very first thing I noticed here in Sydney Perth, Brisbane, Melbourne, Sydney is how property mad they are. Much like Ireland was before the crash. Rates are rising now and all of a sudden new home buyers cant afford to buy anymore. The next 6-12 months will be very interesting as many people here are up to their eye balls in debt. Very much like Ireland in fact, so similar its scary. I expect at least one bank to be bailed out when the **** its the fan.

    If (when) one bank requires a bail out in Australia, they all do (will) - thats a hugely incestious relationship if ever there was one - they can flute sound fundamentals all they want (just as they did in ireland) - but with the amount of investment properties and soon to be over stretched FHB's the exposure of the banks will be finally shown for what it is -

    The whole, well regulated argument is another funny one too - in the same way our "well regulated" financial system was revealed to be a joke...

    On the different prices in different cities - I never really noticed it myself, people in every city always seemed to believe they were the most expensive but they're was broad consensus that Perth was the most expensive...again I never really noticed it...


  • Banned (with Prison Access) Posts: 13,018 ✭✭✭✭jank


    Also if you want expensive try NZ especially factoring in wages.


  • Closed Accounts Posts: 1,150 ✭✭✭FreeAnd..


    jank wrote: »
    Also if you want expensive try NZ especially factoring in wages.

    Really? I find NZ to be pretty cheap - locally and converting to Oz or Euro...but to be honest i'm not great with day to day prices


  • Registered Users, Registered Users 2 Posts: 647 ✭✭✭ArseBurger


    When you look at cost taken in Euro in Sydney, it looks expensive. Currently the Aussie Dollar is running at about 0.70 to 1 Euro.

    However, if you look at cost ignoring Euro and just looking at your salary and bang for your buck, it's pretty good.

    For example, a 100,000 Euro salaried position in Ireland commands about 200,000 AUSD in Sydney. 200K AUSD gets you much more in Sydney than 100K Euro in Ireland.


  • Closed Accounts Posts: 7,333 ✭✭✭Zambia


    ArseBurger wrote: »
    For example, a 100,000 Euro salaried position in Ireland commands about 200,000 AUSD in Sydney. 200K AUSD gets you much more in Sydney than 100K Euro in Ireland.

    On €100,000 PA it matters little where you live.


  • Banned (with Prison Access) Posts: 13,018 ✭✭✭✭jank


    FreeAnd.. wrote: »
    Really? I find NZ to be pretty cheap - locally and converting to Oz or Euro...but to be honest i'm not great with day to day prices

    Ah yea converting from one to the other is great but try working and living there for more than a year where the full effect of the bad wages and crap kiwi dollar comes into effect. OK rent is cheap enough and so are cars and fuel but everything else is more expensive relatively than OZ.

    Both OZ and NZ are cheaper than Ireland though and no I am not from Dublin. I think the big thing here is that loads of people who go abroad are living away from home for the first time and when they have to start paying rent and bills their booze up money that is left over is less than they had at home while living at home with Ma & Pa. Therefore the conclusion is OZ is expensive.

    Yea somethings in OZ are more expensive like rent in Sydney but generally once my rent is paid I have more money in my bank acc than I did in NZ and I am paying almost 3 times as much for it here!!

    If you want to be living in a nice pad in Prymont and drinking in the better clubs down darling harbour and eating at the better restaurants than of course sydney will be expensive. Cut your cloth to measure!


  • Closed Accounts Posts: 11,001 ✭✭✭✭opinion guy


    m@cc@ wrote: »
    Because not all Irish people are from Dublin.

    Are you under the delusion that somehow Ireland outside of Dublin is not expensive?


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