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You pay for where you want to live, honestly yes living in Asia is no comparison really, I want live in Byron Bay no were else. What a bullshit video, yes thing's are expensive but not your bullshit, buy were you can afford.
Yes you nailed it! This guy is whining about what $1.5 million au can buy you being a hard working Ozzi in prestige jobs in mines... Don't tell me this guy has worked 'harder' than bakers, road workers and cleaners.
My partner and I pay around $2000 a month for a three bedroom 2.5 bathroom townhouse with a small backyard in a suburb a bit north of Brisbane. The previous place we lived was the same price (or was going to be if we had stayed there), and it was a two bedroom 1 bathroom second floor unit in a southern suburb of Brisbane. So, moving 40km got us a place nearly twice the size for the same price. It's a large country, so of course living in a capital city or on the beach is going to be more expensive.
I built my house back in 1998 for $130,000. The Australian dollar has very nearly doubled in that time so in theory I should be able to buy a house similar to mine for about $260,000. This would keep up with wages etc. My house is now worth about $1M. This may be ok for me as now I have a lot of equity in my home, however if I sell and buy new I'm still getting something equivalent, unless I go out to a remote town with very little work, services etc. I have no idea ow young people are supposed to get into the housing market, it's just super unaffordable and seems to be set up for the rich. All of the politicians have multiple homes they rent out. They also have this thing called negative gearing which is set up for people who buy / own rental properties to get tax breaks.
He is givin me the shit 2 thirds way through it. One of the most expensive, hippie/yuppie towns in the whole of this brilliant country "I can't afford a house waa waa waa"..tunnel visioned will get him nowhere.
Byron Bay was a sleepy surf town 25 years ago. It is now the home of Chris Hemsworth and other entertainment people. It is also a favourite for holiday homes of the East Coast business and finance elite. Hemsworth spent and estimated $18 million building his home not including the land and is estimated it would now sell for $50 million. This gives you an idea of the type on newer residents. Byron Bay is not a place for new residents unless you are part of that elite social group. Governments did build more public housing up until about 30 years ago however even then it was only available to low income earners. Now public housing is almost exclusively for people on a disability pension or poor people on an age pension. There are still less expensive places in rural areas however there are no jobs unless you can work remotely.
Yeah Byron Bay is artificially inflated, cos ""Celebrities". This is in no way representative of Australia as a whole. I purchased a house in Tasmania for $150k 10 years ago, its worth 400k now, but you also get the suburbs over $1m.
@@zalired8925 it’s the property management team at the real estate PUSHING them to raise the rent! Apparently it’s to keep up with the economy or some BS. It’s so they can get a bigger slice of the pie. My landlord was a brilliant empathetic human for 10 years till he appointed a property manager when he went overseas to work. He didn’t know what they had in store for us. SMH 🤦♀️
it is not necessarily greed, because you can't sell a house for more than what people are willing to pay for it. It is the lack of housing bought on by the government's over populating the country, for their political advantage. They bought in 1 million people this year and no where for them to live. It is supply and demand.
I have a mortgage on a 2 bed unit in a poor area between Brisbane and the Gold Coast but it's close to the highway, shops and work. I've owned this for 15 years now and my repayments are $270 a week. If you're able to let go of your ego and really want to get into the property market there's plenty of options available. Buy the house of your dreams later in life.
That’s a whole lot of Statistics he’s quoting for Australia, but talk to someone living in the UK and see how they’re doing. This is happening everywhere. He’s chosen to go where they’re encouraging Immigration through affordability, but that’s not a never ending stream, eventually that’ll become too expensive as well, and then living costs will go up there too. Like for like, other developed Countries are going through similar things as Australia. It’s always been expensive in any given time to buy a Beachfront, or adjacent, Property in a well established and popular Location.
Those houses in Byron he wanted must be near the ocean front. Most ocean from properties are over a million dollars. You have to go a few streets back if you’re poor lmao
But you take it easy, man. I have been watching a lot of your content. And you seem like a decent dude. With a genuine. Love of things good. Keep up the good work brother. 😊😊😊
As someone from another part of Australia. I can confirm it's expensive all over. Of course, certain areas are more expensive. But Real estate prices have just sky rocketed over past few years everywhere.
I wonder if they would complain about not being able to afford a house in Beverley Hills if they went to the US 😆😆😆 I'm in Melbourne Victoria and would love to live in Toorak but I'm not a millionaire so I live where it aligns more with my income. 😂😂😂
@ I had the absolute best landlord! 10 years we were harmonious. He then landed a plum job overseas and had to appoint a property manager for insurance purposes etc and within 6 months I was out on my ear after just losing my mother who was also on the lease (3generations in the house). 10 years! The RE industry is heartless
yeah I rented in Sydney for about 15 years. always on my own and just working retail so always a stretch with money. But I managed. from about 2000 - 2015 my rent I reckon had gone from around $200 up to $340 a week. no way on earth I'd be able to afford it now if Id stayed. the same houses would be easy $500 or $600 a week. working retail full time you'll be lucky to make $800 a week.
In 2010, the average house price in Brisbane was around 450,000 AUD or less, which would be 288,000 USD today. Sydney is expensive due to foreign millionaires and billionaires moving there, and there is also a huge international migration at record levels. Australia is meant to build around 250,000 homes to keep up with just domestic demand, plus an additional 100,000 for overseas migration demand. However, they are not meeting the domestic demands even before we consider the record overseas migration demand. This is why developers and banks are ripping off people.
We have to retire due to health, and to be able to afford to buy a property without a mortgage we had to go 6 hours west of Gold Coast, Qld, in the Dawson Valley. Last year we found on line a 3 bedroom, 2 bathroom, 3 carport home in need of a little work for $181,000 AUD. It may not be what we dreamed of where we would be in our retirement but at least we will have a roof over our head with no mortgage payments, and we will be able to put food on the table even if it is just baked beans on toast, and live a quiet and more simple life away from the hustle and bustle. Life is what you make it, you can not take it with you.
This is a WORLDWIDE problem right now , not just here in Australia. I've just returned from the UK and it's even worse over there. Despite our domestic challenges , Australia is still the BEST country in the world to live in , rich or poor ! There will always be whingers that believe the grass is greener over the fence !
Sold our house in Western Sydney 6 years ago and bought our home in Upper Hunter Region.The new house was approx $250,000 cheaper than the Sydney and on a bigger block off land and the house I was only 6 years when we bought it. Now over that time our home has increased in value by around $300K. So the last 6 years our home in the country has increased in value at a rate of $50k a year which is quite a lot of money in such a short time.
I live in Newcastle which is about 100 miles North of Sydney. In my area you can't buy anything for under a million. My suburb is about twenty minutes from the beach and the same from Lake Macquarie. At the end of my street is a large nature reserve with plenty of walking trails. Not far away there are quite large shopping facilities. Properties in this area are now over one million to buy. The value is in life style and convenience.
When my husband and I bought our house yes the houses where cheaper but we were paying 19% interest at the time, and our pay was no where near as much as they earn to day. We had kids and as soon as I had them I was back at work. I worked nights and my husband worked days that’s how we kept the money coming in. Who was home at the time would look after the kids . The problem to day is a lot of young people want big nice houses in stead of a cheaper house that might need work. The prices depend where you want to live. Move away from city’s. Stop going out all the time and save.
The price of property does not vary as much as in the USA. A 2300 sq ft, 4br / 2 ba house on 5400 sq ft in a middle area will vary from Sydney $1,400,000 AU, Brisbane $900,000 AU, and a large town of under 100,000 people $650,000 AU.
I live in a place called Frankston which is about 1 hour south/east from Melbourne and my house cost $233,000 and my wife and I pay $2100 a month. Frankston is on the edge of Port Phillip Bay and it's 5mins to the beach and 40 mins to the ocean. The further you live away from the main city's the cheaper, the closer the more expensive.
l spend half a day at the shopping centre so that l don't use my own electricity at home, because bills here in Australia keep going up. I sit in the food court watching movies on my phone, that's my retirement years for you. My local shopping centre is my 2nd home, my Multi-million dollar mansion.
OMG Aussies all go to the beach everyday and live near to a beach. What load of crap and as others have said he wants to live in one of the most expensive places on the coast and wonders why he can't afford it. Many of us don't live anywhere in site of the coast and I haven't been to a beach for over forty years and it doesn't effect me. There are plenty of places in Australia that are far cheaper than those with the million dollar price tags. I suppose the thought of buying an older place with weatherboards and a tin roof is absolutely abhorrent. No got to have a new house with a dark tin roof and dark walls because it's fashionable and means that we're running an expensive AC in summer to keep us all cool.
It is expensive but I think it is the location and also he is living in a touristy city. It was doing the pandemic as well when he left Australia. For example, the average house price in Australia third largest city, Brisbane, is between United States dollars 480 000 to 515,000. In Australia dollars, it will be 750,000 to 800,000.
Guy & his Mrs both work remotely, so they can live *anywhere* in Aus, yet they *must* live in Byron... Give me a break. (This guy should move to England, he'd fit right in with the Whinging Poms)
G'day, There are more affordable houses available. The issue with them is that they are usually in rural or isolated areas and other goods and services are more expencive or not as plentifull. For example the house might be cheap but schools and shops are 50 miles away. Then when you get to them you don't have a choice who to get the shopping from.
Byron Bay is where some Celebs live. It is expensive. There are cheaper places to live, but you have to take the availability of jobs into account. It is way too expensive, and the availability of rental properties (let alone affordable rental properties) is very limited. I don't understand why all the immigration under these circumstances. It doesn't make good common sense.
House prices in Australia suffer because of over-immigration (something like 5 immigrants to 1 house built atm) and big investors that can own 10 to 50+ homes (think BlackRock but spread out) each, they then rent those homes for a sum similar to the monthly mortgage repayments. However, it's the Government tax breaks that entice investors, when these multiple home investors do their taxes they use "Negative Gearing" (Negative gearing is when the costs of owning an investment property (such as interest on the loan, bank charges, maintenance, repairs and capital depreciation) exceed the income it produces. With financial and tax advice, and the right property, negative gearing may be a tax-efficient investment strategy.) AKA instead of paying huge taxes for owning so many properties, they cry wolf and all those taxes disappear. So to sum it up, Home Ownership in Australia is similar to a share portfolio, those with money get into it and outbuy supply leaving young people having to compete for whatever is remaining at rates unfordable.
This video is not a true representation of living in Australia I live in a regional city in Victoria and can save money and still live comfortably. The guy talking about Australia needs to work on his budgeting skills or find a cheaper place to live. My rent is 1,200 a month
Our house has almost tripled in value in 18 years. We barely afforded a mortgage back then based on two full time incomes. I do not know how our kids are going to ever be able to purchase their own home once they leave school and secure a decent wage. Don’t get me started on cars…
Australia is my country and I was born and grew up here. Now, because of the cost of living, I would like to leave here but I can't. I'm stuck here and I hate living here now. It was the best country in the world once. It's not any more.
I paid $130000 for my unit home 15 years ago. The place behind me in the complex just sold for $650000. This property is the same as mine. My daughter is a single mother and is paying $3000 a month in rent on a 50 year old home with problems in the next suburb. I live on the edge of Melbourne.
My Sister and her husband both have solid careers, earn above average money. But they are stuck in Sydney. They can't buy a house. And their children wont be able to either. I suggested that they move to my town, Bundaberg, house prices are less than half of what they are in Sydney. What they have decided to do however, is what you said. Move to Texas. They're looking at Austin.
We can’t just build more homes unless they pay for the infrastructure for them first. Sewer, electricity, internet drainage etc. that all takes time and money.
7.20 bro starts cooking because of the location they chose, mate. im aussie, and i live out country. theres houses around here for 600,000, so they just wanted to be extra.
Everything has increased everywhere in first world countries. This guy is trying to live beyond his means regarding where he would like to live in Australia. He needs to 'get real'. Most people start from the bottom and slowly work up over the years. Not him -- he wants to cherry-pick the best in life straight away without working for it.
Our government has over inflated our house prices and kept it that way through mass immigration. Australia's wealth is being held in real estate with this method instead of basing our wealth on the minerals that we practically give away only to buy back at hugely inflated price's.
I lived in northern rivers Byron Bay 21 years.. My kids grew up there.. Left 2021...for Bowen North Queensland True locals are not rich.. We lived within our means..anyway we could.. Because we were there for the healing aspects.. So we didn't care where we lived.. House.. Caravan. Tent.. That's what we do.. Jobs are not high paying.. So u become a survivor in nature.. But when covid came..city folks moved in.. Prices went up to unreal B. S.. No point staying... Our time was up and we too moved on.. True Byron locals.. Live breath the healing energy of the place... So I say you want to heal....find yourself... You won't care how you live inByron... True locals know that... And they are the poor ones.. Well money poor... Not soul poor Yes movie stars.. Musicians.. Creative people live there.. But they understand the life style.. Southern city folk not so much
It also doesn't take a genius to work out that if he's complaining about paying $500/week for 50 square meters in Byron Bay, he's likely not going to be able to afford a house there. The place is now luxury spas, resorts, and celebrity houses. Many locals have been priced out of the market. Really curious he made a successful business based, because he comes across as a pretentious boofhead.
He's being a bit deceptive about house prices. There are plenty of houses in suburbs under $1 million. There are even regional cities where that is the case. But if you're looking at Melbourne or Sydney and you want to live in a moderate or even premium suburb/location, then year, $1.5 million is the absolute minimum you will need. In many cases you might need $2 or $3 million. Everywhere is very expensive for what it is. It's both a good thing and a bad thing. It's a good thing in that it has ballooned the Australian economy to the point where it was the 5th largest in the world at one point. Unfortunately it has risen faster than inflation, which is a bad sign in that it means it's a bubble (or it was undervalued) and it will eventually pop. They've been keeping the economic machine going by importing more people, which has caused GDP is go up, but GDP per capital (aka per person) has gone down so we're all getting poorer. Considering our major trading partner has an economy that is going down like a lead balloon, as soon as they stop inflating the population so sharply, our economy will pop soon. Basically the growth is unsustainable.
Just n examples 1.97 a litre for fule n cheap milk is 4 to 5 dollars for 3 litres n yeh take out is ridiculous it cost me no less then 50 dollars to feed 2 adults n a child
It's expensive because back in the 80s. Paul keating and Bob Hawk decided to change things up a little bit. So basically, instead of people buying houses to live in, they decided it would be great if people would buy houses to make money off of. So now we have this situation of a 2 tiered society where we have the ultra wealthy and a lot of these are politicians that own a lot of investment properties. And the other side of the coin is an ever-growing rental Class of citizens.. That are being completely priced out of the market. And Australia is one of the greatest countries on earth. But? We have here the same problem that you Americans seem to have over there. All our politicians have been bought off. Buy multi corporations. And the ultra wealthy. Our politicians don't give a staff about the citizens here.They move from politics to ending up being lobbyists for these multicorps. To continue the cycle of selling it the citizens. I keep wishing and hoping the people all as plebs. Stopped being fooled by this lift and right divide. And the other ways they try to make all us plebs fight between yourselves. And focus on the real enemy here. And that is corporate grade and corrupt politicians selling us at and they should be held. Account and start doing what is best for the people not best for themselves. If you would like to know more.There is a guy on RUclips.His channel is called political punters. He is quite funny. I think you would like him. And he breaks it all down in Nice little sandbits and sketches. I would really say check out the one about how our resources are being given away. If I can find the link I will post it up there too for you guys. If I can't find it, just remember political punter.
Why would you want to live in Bryon Bay it has been a dump ever since the backpackers moved in. It has been popular for 30 years and expensive since then, hardly a new thing. You can buy a house in Qld near great beaches from $400 000.
yeah no your calculation is a bit wrong. It's not about half that was about 10-20 years ago. Now 1.5 million is equal to about 1 million USD or around 950k
Yes yes I have heard all this before, the thing to note, the various so called employment positions he has held, is the first warning sign, its a good indicator he had the idea he can work these high paid jobs for 12 to 18 months to two years, then he can move to of all places, BB, buy a two story beach house & retire, yeah, well he is living in fantasy land, so he now heads OS to asia, lives on what ever income he has accumulated, does not pay any taxes & then what, gets into suppling drugs to tourists or some other illegal business, thats fine if you dont get caught, but sooner or later he will return to oz because he has out lived his welcome there, or for medical reasons, now completely broke, goes on the dole, & expects to receive first class medical care from the country he has complained about on youtube, personally I hope he doesn't return, this country is better off with him gone.
Soz bro 😢 if you have worked in such hard positions? Why are you expecting to live in the most expensive part of the country and not have to pay for it? Obviously you have to pay to live in the best place in the country 🤷♀️🤷♀️🤷♀️
This guy is a whinger. He needs to stop looking in expensive locations! There aren’t mass exits by Aussies moving to Asia! They know to choose less expensive locations. My friend got married and they bought their first home in Tasmania because they got great value for their property, buying a house on a huge block of land. Her parents have decided to move down there too. I’m elderly and I can afford groceries, just choose different produce. Higher salaries come through higher education with better qualifications and subsequently higher salaries. Manual labour pays a lot less.
Spoilt and rather out of touch couple really. I own a little house, single mother of two so yeah! The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to buy a home sooner. The Scheme is administered by Housing Australia on behalf of the Australian Government.
Don’t listen to this dude. He’s picked by far the most expensive areas to live. Byron bay is extremely over rated and expensive. Just a short drive north or west and houses are reasonably priced. These two wanted the rich influencer lifestyle but didn’t have the influence lol. I have friends in the area whose houses cost 500k. Nice clean and only a 15 minute drive away from Byron bay. Which is a dump. The majority of folk there are freaking snobs.
Within 1st few seconds, l paused. They choose a Beverly Hills kind of area, can't afford it, blah blah blah. Sorry, but America is no different. Plenty of places cheaper and better than what they chose. l will watch it and more.
As Cities like Sydney and Melbourne get more stressful and expensive to live, pushes more people up to Brisbane and QLD in general, now forcing the cost of everything here to go up too, more stress on all the systems... And CVD19 DECIMATED small business caus when they were all forced to close doors for months.. many closed down permanantly. Giving more monopoly to large business and government. Also, yes, we IMPORT a LOT of people real quick, problem is.. our SOCIETY IS CHANGING.. we have less and less BUILDERS every generation, more people in tech and hospitality. AND we literally STILL serve the LIMA AGREEMENT which UN forced US and USA and UK to REDUCE INDUSTRIES by 40% and outsouurce everything to china.. Which has made China very rich, destroyed the west. A LOT of Australis roads and power INFASTRUCTURE is now owned by foreigners, esp Chinese and Americans... most of our miningg, everything. back when I was a kid (in 80s) most of this was owned by Australia.. we were all but a sovereign nation (Who depneds on USA to protect it in wars) but we could supply all we needed for ourself and more, but like most today, had a huge foreign debt, we paid off by selling off our infastructure.. Then politicians went BACK to running that debt back up.
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House prices are very bad, BUT why complain when you want to buy a house in the MOST EXPENSIVE CITY here?
You pay for where you want to live, honestly yes living in Asia is no comparison really, I want live in Byron Bay no were else. What a bullshit video, yes thing's are expensive but not your bullshit, buy were you can afford.
Yep. Exactly what I was thinking.
Byron Bay is one of the most expensive places outside Sydney. Movie stars buy houses there. This guy wanting to live there is living beyond his means.
Oh I left America because I couldn't afford to live in Beverley Hills facepalm
it's pretty expensive everywhere. Im in WA and it's more expensive than Sydney for renters here now...
Yes you nailed it! This guy is whining about what $1.5 million au can buy you being a hard working Ozzi in prestige jobs in mines... Don't tell me this guy has worked 'harder' than bakers, road workers and cleaners.
My partner and I pay around $2000 a month for a three bedroom 2.5 bathroom townhouse with a small backyard in a suburb a bit north of Brisbane. The previous place we lived was the same price (or was going to be if we had stayed there), and it was a two bedroom 1 bathroom second floor unit in a southern suburb of Brisbane. So, moving 40km got us a place nearly twice the size for the same price. It's a large country, so of course living in a capital city or on the beach is going to be more expensive.
I built my house back in 1998 for $130,000. The Australian dollar has very nearly doubled in that time so in theory I should be able to buy a house similar to mine for about $260,000. This would keep up with wages etc. My house is now worth about $1M. This may be ok for me as now I have a lot of equity in my home, however if I sell and buy new I'm still getting something equivalent, unless I go out to a remote town with very little work, services etc. I have no idea ow young people are supposed to get into the housing market, it's just super unaffordable and seems to be set up for the rich. All of the politicians have multiple homes they rent out. They also have this thing called negative gearing which is set up for people who buy / own rental properties to get tax breaks.
He is givin me the shit 2 thirds way through it. One of the most expensive, hippie/yuppie towns in the whole of this brilliant country "I can't afford a house waa waa waa"..tunnel visioned will get him nowhere.
Agreed. A short drive away can find houses that are reasonably priced.
He's trying to live above his means. Definitely cheaper housing elsewhere in Australia.
Byron Bay was a sleepy surf town 25 years ago. It is now the home of Chris Hemsworth and other entertainment people. It is also a favourite for holiday homes of the East Coast business and finance elite. Hemsworth spent and estimated $18 million building his home not including the land and is estimated it would now sell for $50 million. This gives you an idea of the type on newer residents.
Byron Bay is not a place for new residents unless you are part of that elite social group.
Governments did build more public housing up until about 30 years ago however even then it was only available to low income earners. Now public housing is almost exclusively for people on a disability pension or poor people on an age pension.
There are still less expensive places in rural areas however there are no jobs unless you can work remotely.
Yeah Byron Bay is artificially inflated, cos ""Celebrities". This is in no way representative of Australia as a whole.
I purchased a house in Tasmania for $150k 10 years ago, its worth 400k now, but you also get the suburbs over $1m.
Movie stars living in Byron bay. Of course it makes prices go up.
Why are our homes so unaffordable? Two words, PURE GREED.
@@zalired8925 it’s the property management team at the real estate PUSHING them to raise the rent! Apparently it’s to keep up with the economy or some BS. It’s so they can get a bigger slice of the pie. My landlord was a brilliant empathetic human for 10 years till he appointed a property manager when he went overseas to work. He didn’t know what they had in store for us. SMH 🤦♀️
it is not necessarily greed, because you can't sell a house for more than what people are willing to pay for it. It is the lack of housing bought on by the government's over populating the country, for their political advantage. They bought in 1 million people this year and no where for them to live. It is supply and demand.
I have a mortgage on a 2 bed unit in a poor area between Brisbane and the Gold Coast but it's close to the highway, shops and work. I've owned this for 15 years now and my repayments are $270 a week. If you're able to let go of your ego and really want to get into the property market there's plenty of options available. Buy the house of your dreams later in life.
Understood
That’s a whole lot of Statistics he’s quoting for Australia, but talk to someone living in the UK and see how they’re doing. This is happening everywhere. He’s chosen to go where they’re encouraging Immigration through affordability, but that’s not a never ending stream, eventually that’ll become too expensive as well, and then living costs will go up there too. Like for like, other developed Countries are going through similar things as Australia. It’s always been expensive in any given time to buy a Beachfront, or adjacent, Property in a well established and popular Location.
This guy has worked in mines & oil rigs... He should be able to pay cash for a house in Byron.
That’s actually a fallacy. The higher the wage, the higher the tax. My husband used to pay 49% tax.
@@lauriedmills7581 not 49% on the whole lot; it's scaling.
Those houses in Byron he wanted must be near the ocean front. Most ocean from properties are over a million dollars. You have to go a few streets back if you’re poor lmao
But you take it easy, man. I have been watching a lot of your content.
And you seem like a decent dude.
With a genuine.
Love of things good.
Keep up the good work brother.
😊😊😊
As someone from another part of Australia. I can confirm it's expensive all over. Of course, certain areas are more expensive. But Real estate prices have just sky rocketed over past few years everywhere.
I wonder if they would complain about not being able to afford a house in Beverley Hills if they went to the US 😆😆😆 I'm in Melbourne Victoria and would love to live in Toorak but I'm not a millionaire so I live where it aligns more with my income. 😂😂😂
Yeah. I lived I Perth and my rent went from $370 to $500 for a little shoebox of a property and I just couldn’t afford it
In 2020 my rent was $280 now $410, so only 130 in almost 5 years. I have a good landlord.
@ I had the absolute best landlord! 10 years we were harmonious. He then landed a plum job overseas and had to appoint a property manager for insurance purposes etc and within 6 months I was out on my ear after just losing my mother who was also on the lease (3generations in the house). 10 years! The RE industry is heartless
@@megsinaus4207 I am through a RE, but do have access to the actual LL himself.
yeah I rented in Sydney for about 15 years. always on my own and just working retail so always a stretch with money.
But I managed.
from about 2000 - 2015 my rent I reckon had gone from around $200 up to $340 a week.
no way on earth I'd be able to afford it now if Id stayed.
the same houses would be easy $500 or $600 a week.
working retail full time you'll be lucky to make $800 a week.
In 2010, the average house price in Brisbane was around 450,000 AUD or less, which would be 288,000 USD today. Sydney is expensive due to foreign millionaires and billionaires moving there, and there is also a huge international migration at record levels. Australia is meant to build around 250,000 homes to keep up with just domestic demand, plus an additional 100,000 for overseas migration demand. However, they are not meeting the domestic demands even before we consider the record overseas migration demand. This is why developers and banks are ripping off people.
We have to retire due to health, and to be able to afford to buy a property without a mortgage we had to go 6 hours west of Gold Coast, Qld, in the Dawson Valley. Last year we found on line a 3 bedroom, 2 bathroom, 3 carport home in need of a little work for $181,000 AUD. It may not be what we dreamed of where we would be in our retirement but at least we will have a roof over our head with no mortgage payments, and we will be able to put food on the table even if it is just baked beans on toast, and live a quiet and more simple life away from the hustle and bustle. Life is what you make it, you can not take it with you.
This is a WORLDWIDE problem right now , not just here in Australia. I've just returned from the UK and it's even worse over there. Despite our domestic challenges , Australia is still the BEST country in the world to live in , rich or poor ! There will always be whingers that believe the grass is greener over the fence !
Sold our house in Western Sydney 6 years ago and bought our home in Upper Hunter Region.The new house was approx $250,000 cheaper than the Sydney and on a bigger block off land and the house I was only 6 years when we bought it. Now over that time our home has increased in value by around $300K. So the last 6 years our home in the country has increased in value at a rate of $50k a year which is quite a lot of money in such a short time.
Its expensive all over Australia man
I live in Newcastle which is about 100 miles North of Sydney. In my area you can't buy anything for under a million. My suburb is about twenty minutes from the beach and the same from Lake Macquarie. At the end of my street is a large nature reserve with plenty of walking trails. Not far away there are quite large shopping facilities. Properties in this area are now over one million to buy. The value is in life style and convenience.
A capitalist that moved away from capitalism 😂😂😂😂
When my husband and I bought our house yes the houses where cheaper but we were paying 19% interest at the time, and our pay was no where near as much as they earn to day. We had kids and as soon as I had them I was back at work. I worked nights and my husband worked days that’s how we kept the money coming in. Who was home at the time would look after the kids . The problem to day is a lot of young people want big nice houses in stead of a cheaper house that might need work. The prices depend where you want to live. Move away from city’s. Stop going out all the time and save.
The price of property does not vary as much as in the USA. A 2300 sq ft, 4br / 2 ba house on 5400 sq ft in a middle area will vary from Sydney $1,400,000 AU, Brisbane $900,000 AU, and a large town of under 100,000 people $650,000 AU.
I live in a place called Frankston which is about 1 hour south/east from Melbourne and my house cost $233,000 and my wife and I pay $2100 a month. Frankston is on the edge of Port Phillip Bay and it's 5mins to the beach and 40 mins to the ocean. The further you live away from the main city's the cheaper, the closer the more expensive.
He’s just sad he’s not in the 1%. As a pure capitalist that’s exactly what he wants.
l spend half a day at the shopping centre so that l don't use my own electricity at home, because bills here in Australia keep going up. I sit in the food court watching movies on my phone, that's my retirement years for you. My local shopping centre is my 2nd home, my Multi-million dollar mansion.
Why don't you go to the local library, the Neighbourhood House and other FREE places ?
OMG Aussies all go to the beach everyday and live near to a beach. What load of crap and as others have said he wants to live in one of the most expensive places on the coast and wonders why he can't afford it. Many of us don't live anywhere in site of the coast and I haven't been to a beach for over forty years and it doesn't effect me. There are plenty of places in Australia that are far cheaper than those with the million dollar price tags. I suppose the thought of buying an older place with weatherboards and a tin roof is absolutely abhorrent. No got to have a new house with a dark tin roof and dark walls because it's fashionable and means that we're running an expensive AC in summer to keep us all cool.
It is expensive but I think it is the location and also he is living in a touristy city. It was doing the pandemic as well when he left Australia. For example, the average house price in Australia third largest city, Brisbane, is between United States dollars 480 000 to 515,000. In Australia dollars, it will be 750,000 to 800,000.
Our dollar jus dropped to the lowest in years
YES the location!!
Guy & his Mrs both work remotely, so they can live *anywhere* in Aus, yet they *must* live in Byron... Give me a break.
(This guy should move to England, he'd fit right in with the Whinging Poms)
So what happens when old mate retires?
Hey That's Byron Bay where Chris Hemsworth lives...... Not everywhere is going to be like that.. But yeah still not good
G'day, There are more affordable houses available. The issue with them is that they are usually in rural or isolated areas and other goods and services are more expencive or not as plentifull. For example the house might be cheap but schools and shops are 50 miles away. Then when you get to them you don't have a choice who to get the shopping from.
Byron Bay is where some Celebs live. It is expensive. There are cheaper places to live, but you have to take the availability of jobs into account. It is way too expensive, and the availability of rental properties (let alone affordable rental properties) is very limited. I don't understand why all the immigration under these circumstances. It doesn't make good common sense.
It's expensive every where mate
House prices in Australia suffer because of over-immigration (something like 5 immigrants to 1 house built atm) and big investors that can own 10 to 50+ homes (think BlackRock but spread out) each, they then rent those homes for a sum similar to the monthly mortgage repayments. However, it's the Government tax breaks that entice investors, when these multiple home investors do their taxes they use "Negative Gearing" (Negative gearing is when the costs of owning an investment property (such as interest on the loan, bank charges, maintenance, repairs and capital depreciation) exceed the income it produces. With financial and tax advice, and the right property, negative gearing may be a tax-efficient investment strategy.) AKA instead of paying huge taxes for owning so many properties, they cry wolf and all those taxes disappear.
So to sum it up, Home Ownership in Australia is similar to a share portfolio, those with money get into it and outbuy supply leaving young people having to compete for whatever is remaining at rates unfordable.
This video is not a true representation of living in Australia I live in a regional city in Victoria and can save money and still live comfortably. The guy talking about Australia needs to work on his budgeting skills or find a cheaper place to live. My rent is 1,200 a month
My 4 bedroom hardiplank 1980 house on 1200m2 block cost me $90k 3 years ago. lol I’m 5 hours from the ocean hahaha
Our house has almost tripled in value in 18 years. We barely afforded a mortgage back then based on two full time incomes. I do not know how our kids are going to ever be able to purchase their own home once they leave school and secure a decent wage. Don’t get me started on cars…
Australia is my country and I was born and grew up here. Now, because of the cost of living, I would like to leave here but I can't. I'm stuck here and I hate living here now. It was the best country in the world once. It's not any more.
I paid $130000 for my unit home 15 years ago. The place behind me in the complex just sold for $650000. This property is the same as mine. My daughter is a single mother and is paying $3000 a month in rent on a 50 year old home with problems in the next suburb. I live on the edge of Melbourne.
My Sister and her husband both have solid careers, earn above average money. But they are stuck in Sydney. They can't buy a house. And their children wont be able to either. I suggested that they move to my town, Bundaberg, house prices are less than half of what they are in Sydney. What they have decided to do however, is what you said. Move to Texas. They're looking at Austin.
We can’t just build more homes unless they pay for the infrastructure for them first. Sewer, electricity, internet drainage etc. that all takes time and money.
7.20 bro starts cooking because of the location they chose, mate. im aussie, and i live out country. theres houses around here for 600,000, so they just wanted to be extra.
This applies to every single major city in the world. lol Byron bay is an expensive hippy town that’s very expensive because of the tourism.
Plenty of places you can get way cheaper houses….in good areas
Everything has increased everywhere in first world countries. This guy is trying to live beyond his means regarding where he would like to live in Australia. He needs to 'get real'. Most people start from the bottom and slowly work up over the years. Not him -- he wants to cherry-pick the best in life straight away without working for it.
Our government has over inflated our house prices and kept it that way through mass immigration. Australia's wealth is being held in real estate with this method instead of basing our wealth on the minerals that we practically give away only to buy back at hugely inflated price's.
Long story short, our government is screwing us👍
I lived in northern rivers Byron Bay 21 years.. My kids grew up there.. Left 2021...for Bowen North Queensland True locals are not rich.. We lived within our means..anyway we could.. Because we were there for the healing aspects.. So we didn't care where we lived.. House.. Caravan. Tent.. That's what we do.. Jobs are not high paying.. So u become a survivor in nature..
But when covid came..city folks moved in.. Prices went up to unreal B. S.. No point staying... Our time was up and we too moved on.. True Byron locals.. Live breath the healing energy of the place... So I say you want to heal....find yourself... You won't care how you live inByron... True locals know that... And they are the poor ones.. Well money poor... Not soul poor
Yes movie stars.. Musicians.. Creative people live there.. But they understand the life style.. Southern city folk not so much
what was the most expensive country when he made this vid?
I'm guessing Switzerland or NZ.
There is a housing shortage crisis too.
Why would it be USA money, he means Aussie dollar.
It also doesn't take a genius to work out that if he's complaining about paying $500/week for 50 square meters in Byron Bay, he's likely not going to be able to afford a house there. The place is now luxury spas, resorts, and celebrity houses. Many locals have been priced out of the market. Really curious he made a successful business based, because he comes across as a pretentious boofhead.
lol you can do New Zealand too. It’s very similar but different.
Yes, homes are overpriced here, but I'd take that over safety any day. SE Asia can be an extremely dangerous place.
The average rent in brisbane is five hundred too seven hundred dollar to week
He's being a bit deceptive about house prices. There are plenty of houses in suburbs under $1 million. There are even regional cities where that is the case. But if you're looking at Melbourne or Sydney and you want to live in a moderate or even premium suburb/location, then year, $1.5 million is the absolute minimum you will need. In many cases you might need $2 or $3 million. Everywhere is very expensive for what it is. It's both a good thing and a bad thing. It's a good thing in that it has ballooned the Australian economy to the point where it was the 5th largest in the world at one point. Unfortunately it has risen faster than inflation, which is a bad sign in that it means it's a bubble (or it was undervalued) and it will eventually pop. They've been keeping the economic machine going by importing more people, which has caused GDP is go up, but GDP per capital (aka per person) has gone down so we're all getting poorer. Considering our major trading partner has an economy that is going down like a lead balloon, as soon as they stop inflating the population so sharply, our economy will pop soon. Basically the growth is unsustainable.
Just n examples 1.97 a litre for fule n cheap milk is 4 to 5 dollars for 3 litres n yeh take out is ridiculous it cost me no less then 50 dollars to feed 2 adults n a child
Why would an Aussie living in Asia talk in USD? It’s AUD.
As long as you know the difference between the Aussie flag and the New Zealand flag.
It's expensive because back in the 80s. Paul keating and Bob Hawk decided to change things up a little bit.
So basically, instead of people buying houses to live in, they decided it would be great if people would buy houses to make money off of.
So now we have this situation of a 2 tiered society where we have the ultra wealthy and a lot of these are politicians that own a lot of investment properties.
And the other side of the coin is an ever-growing rental Class of citizens..
That are being completely priced out of the market.
And Australia is one of the greatest countries on earth.
But?
We have here the same problem that you Americans seem to have over there.
All our politicians have been bought off.
Buy multi corporations.
And the ultra wealthy.
Our politicians don't give a staff about the citizens here.They move from politics to ending up being lobbyists for these multicorps.
To continue the cycle of selling it the citizens.
I keep wishing and hoping the people all as plebs. Stopped being fooled by this lift and right divide. And the other ways they try to make all us plebs fight between yourselves.
And focus on the real enemy here.
And that is corporate grade and corrupt politicians selling us at and they should be held. Account and start doing what is best for the people not best for themselves.
If you would like to know more.There is a guy on RUclips.His channel is called political punters.
He is quite funny. I think you would like him. And he breaks it all down in Nice little sandbits and sketches.
I would really say check out the one about how our resources are being given away.
If I can find the link I will post it up there too for you guys.
If I can't find it, just remember political punter.
Compared to anywhere in America byron bay is a tiny town
Of course a yank would say that....
Why would you want to live in Bryon Bay it has been a dump ever since the backpackers moved in. It has been popular for 30 years and expensive since then, hardly a new thing. You can buy a house in Qld near great beaches from $400 000.
This couple simply cannot afford to buy a million dollar house...if you cant afford it you just cant afford it...different location - no brainer.
You buy where you can afford - simple...end of ! Mygosh this video...its common sense!
yeah no your calculation is a bit wrong. It's not about half that was about 10-20 years ago. Now 1.5 million is equal to about 1 million USD or around 950k
Yes yes I have heard all this before, the thing to note, the various so called employment positions he has held, is the first warning sign, its a good indicator he had the idea he can work these high paid jobs for 12 to 18 months to two years, then he can move to of all places, BB, buy a two story beach house & retire, yeah, well he is living in fantasy land, so he now heads OS to asia, lives on what ever income he has accumulated, does not pay any taxes & then what, gets into suppling drugs to tourists or some other illegal business, thats fine if you dont get caught, but sooner or later he will return to oz because he has out lived his welcome there, or for medical reasons, now completely broke, goes on the dole, & expects to receive first class medical care from the country he has complained about on youtube, personally I hope he doesn't return, this country is better off with him gone.
In the sixties there was less ten millionaire's in Australia
Soz bro 😢 if you have worked in such hard positions? Why are you expecting to live in the most expensive part of the country and not have to pay for it? Obviously you have to pay to live in the best place in the country 🤷♀️🤷♀️🤷♀️
Yep $500 a week for a granny flat!!😢
Wouldn’t live in Sydney ever…
This guy is a whinger. He needs to stop looking in expensive locations! There aren’t mass exits by Aussies moving to Asia! They know to choose less expensive locations. My friend got married and they bought their first home in Tasmania because they got great value for their property, buying a house on a huge block of land. Her parents have decided to move down there too. I’m elderly and I can afford groceries, just choose different produce. Higher salaries come through higher education with better qualifications and subsequently higher salaries. Manual labour pays a lot less.
Spoilt and rather out of touch couple really. I own a little house, single mother of two so yeah! The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to buy a home sooner. The Scheme is administered by Housing Australia on behalf of the Australian Government.
Don’t listen to this dude. He’s picked by far the most expensive areas to live. Byron bay is extremely over rated and expensive. Just a short drive north or west and houses are reasonably priced. These two wanted the rich influencer lifestyle but didn’t have the influence lol. I have friends in the area whose houses cost 500k. Nice clean and only a 15 minute drive away from Byron bay. Which is a dump. The majority of folk there are freaking snobs.
You should all stop coming. Thanks.
👋 bye!!
Australia state government limate land release for housing 5%stamp duty tax on sales criminal state governments live the good life
ruclips.net/p/PLFURe3ZSI6exxd_dLKencFN_4s6a0muQO&si=KX-wwd19dJ8zk1H7
homeless people are thee new rich
That was the dumbest video I’ve seen. He didn’t research well he just wanted to cry about it.
Within 1st few seconds, l paused. They choose a Beverly Hills kind of area, can't afford it, blah blah blah. Sorry, but America is no different. Plenty of places cheaper and better than what they chose. l will watch it and more.
As Cities like Sydney and Melbourne get more stressful and expensive to live, pushes more people up to Brisbane and QLD in general, now forcing the cost of everything here to go up too, more stress on all the systems...
And CVD19 DECIMATED small business caus when they were all forced to close doors for months.. many closed down permanantly.
Giving more monopoly to large business and government.
Also, yes, we IMPORT a LOT of people real quick, problem is.. our SOCIETY IS CHANGING.. we have less and less BUILDERS every generation, more people in tech and hospitality.
AND we literally STILL serve the LIMA AGREEMENT which UN forced US and USA and UK to REDUCE INDUSTRIES by 40% and outsouurce everything to china..
Which has made China very rich, destroyed the west.
A LOT of Australis roads and power INFASTRUCTURE is now owned by foreigners, esp Chinese and Americans... most of our miningg, everything.
back when I was a kid (in 80s) most of this was owned by Australia.. we were all but a sovereign nation (Who depneds on USA to protect it in wars) but we could supply all we needed for ourself and more, but like most today, had a huge foreign debt, we paid off by selling off our infastructure..
Then politicians went BACK to running that debt back up.
Same situation in NZ
youtube.com/@punterspolitics?si=LMrQEpWfBFZp1ZgY
youtube.com/@punterspolitics?si=LMrQEpWfBFZp1ZgY