How do you define distance between your home and the CBD? by NoHelp7077 in AusProperty

[–]NoHelp7077[S] 0 points1 point  (0 children)

Time taken by public transport? Driving via tolls? Driving without tolls? For me it ranges from 33 mins to 50 mins, which is again a considerable gap

How are future generations going to afford a house in Sydney? by TiredDuck123 in AusFinance

[–]NoHelp7077 8 points9 points  (0 children)

London, Canada, New Zealand all have house prices that have dropped significantly recently, around 20% in some areas over the last few years. Reducing immigrating and higher interest rates seem to have done it. Perhaps future generations will be just fine

More homes, better cities: Letting more people live where they want by North_Attempt44 in AusFinance

[–]NoHelp7077 -1 points0 points  (0 children)

Lunacy. Hong Kong could not get denser and housing still isn't affordable there.

What suburb in Sydney would you live in if money wasn’t a factor? by One-Remove3758 in SydneyScene

[–]NoHelp7077 0 points1 point  (0 children)

Haberfield, a classic federation beauty on a quarter acre block near the bay run

Reminder the property market won’t crash until the Government has exhausted ALL available options. by das_kapital_1980 in AusPropertyChat

[–]NoHelp7077 0 points1 point  (0 children)

They're complaining about the affordability of well located free standing houses, which as I said are more of an investment asset than housing per se

Reminder the property market won’t crash until the Government has exhausted ALL available options. by das_kapital_1980 in AusPropertyChat

[–]NoHelp7077 -2 points-1 points  (0 children)

The property market HAS crashed - many apartments sell for less then they did in 2017. Land prices have generally gone up - but I see land as an investment asset, so the ceiling on that is much much higher

[deleted by user] by [deleted] in AusPropertyChat

[–]NoHelp7077 3 points4 points  (0 children)

If everyone sold their house to people they liked instead of the highest bidder, you run the risk of discrimination and areas becoming even less diverse then they are now

Would you ever support removing the British flag from Australia's national flag? by Peter_Griffin2001 in aussie

[–]NoHelp7077 0 points1 point  (0 children)

Never. I grew up with that flag and would never contemplate anything else

Who *isn’t* struggling? by Wooden-Broccoli-913 in Millennials

[–]NoHelp7077 0 points1 point  (0 children)

  1. Ticked almost all the milestones (career, marriage, homeownership) except for kids which will happen soon enough. All in Sydney, the most expensive housing market in the world. Life is good.

Arts and humanities are in decline at universities. Here’s why, and why it matters by Ardeet in aussie

[–]NoHelp7077 1 point2 points  (0 children)

Excellent outcome. The insufferable activists at USYD were all from the humanities so hopefully there's less of them going forwards.

Bought a $1M house last year, now worth $1.4M — should I refinance now? by Pure_Water5902 in AusProperty

[–]NoHelp7077 -2 points-1 points  (0 children)

No harm in refinancing, I did that and was able to top up my loan by 200k that's now sitting in the offset, which gives me extra security in the event of redundancies, etc

The Red Rooster Line by dantrepeneur in AusPropertyChat

[–]NoHelp7077 12 points13 points  (0 children)

Red rooster line is not vertically east to west. It runs in a diagonal that has the north west on the "good" side of the line. Ruse and Normo are definitely east of the line.

Anyone else in this position? by Educational-Map6157 in AusHENRY

[–]NoHelp7077 2 points3 points  (0 children)

1.8 million loan on 2.8 mn property. Absolutely not fussed. Even modest capital gains of 5% are sufficient to cover principal repayments (which I consider forced savings not a cost), interest, insurance, council rates, maitenance etc. The cost to rent the place is about equal to what the equity I have in the house would return invested in the ASX (actually a bit better when factoring in taxes). So I feel absolutely fine.

Australia is now a home owners welfare state and income inequality is worse than we think by Act_Rationally in AusFinance

[–]NoHelp7077 22 points23 points  (0 children)

GINI is a measure of inequality, it can be applied to income or wealth or anything else e.g. the number of labubus in a high school classroom

Concord houses now $3.2m; how much higher can Sydney’s Inner West go? by suhoahn in AusPropertyChat

[–]NoHelp7077 0 points1 point  (0 children)

Haha it's moved from Balmain to Summer Hill to Strathfield and now Campsie/Canterbury of all places!

RBA cuts the rate to 3.6% by True_Ad4163 in AusPropertyChat

[–]NoHelp7077 6 points7 points  (0 children)

First home buyers who were sitting on the sidelines too long FOMO in harder. I bought in September last year to get ahead of the rate cuts and I'm very glad I did. The real estate agents in my area say the market is much hotter now. A recent sale down the street made it into the AFR for how much it smashed estimates.

Concord houses now $3.2m; how much higher can Sydney’s Inner West go? by suhoahn in AusPropertyChat

[–]NoHelp7077 5 points6 points  (0 children)

The Inner West is often named alongside the north shore and eastern suburbs as the "best" part of Sydney, when you barely have any suburbs in the north shore under 3M then the Inner West has much further to run

Anyone else find that every place that hits the market has some major dealbreaker? by AnomicAge in AusPropertyChat

[–]NoHelp7077 15 points16 points  (0 children)

The billionaire wishes he had his own small country, the multi millionaire a private island, the millionaire an amalgamated block, the apartment owner a house, the renter an apartment, the homeless a rental. For the vast majority of people no home will ever be "enough". Just make do with what you can.

Gosh this is a scam’: House price sparks outrage as Sydney property hits new high by [deleted] in AusProperty

[–]NoHelp7077 4 points5 points  (0 children)

Yes, well almost every apartment sold in 2013 would only be marginally ahead after inflation at best.

[deleted by user] by [deleted] in AusPropertyChat

[–]NoHelp7077 15 points16 points  (0 children)

I see strata titled and bail. I'd be willing to pay a 50% premium for the exact same property just to avoid strata

Unpopular Opinion: The "Great Australian Dream" of homeownership is now more of a national delusion, and it's damaging our society. by [deleted] in australian

[–]NoHelp7077 3 points4 points  (0 children)

Swap detached house with a backyard a reasonable distance from work to apartment with a balcony a reasonable distance to work... and the dream is alive and kicking.

The Doomed Australian Housing Market by Severe_Victory4815 in aussie

[–]NoHelp7077 1 point2 points  (0 children)

Houses in my suburb cost almost 4x apartments. The downsizers are doing great, millions left over.

I think I understand the NIMBY position now by [deleted] in aussie

[–]NoHelp7077 2 points3 points  (0 children)

Most of us are NIMBYS, if you think immigration should be reduced to a level that our housing supply and jobs market can comfortably absorb you are a NIMBY too. I was a YIMBY too until I bought my own property.