澳洲Australia property Mixed messages?? | Sydney


在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m


Here is an interesting report.

There seems to be some mixed messages and vast differences in perception vs reality ( which this report outlines a bit)

http://www.news.com.au/money/investing/australians-hit-the-jackpot/story-e6frfmdr-1226038882442  

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Bit of a nothing article.

It is just saying that prices on everything (houses and expenses) have gone up.  

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I was reading the other day somewhere, that an Aussie on the dole, is in the top 10% of income earners out of the 6+ billion people on the planet. We are very well off in this country, in a global sense.  

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Propertunity said: ↑
I was reading the other day somewhere, that an Aussie on the dole, is in the top 10% of income earners out of the 6+ billion people on the planet. We are very well off in this country, in a global sense.Click to expand...
Not sure how accurate it is (as it is purely on salary and doesn't take into account assets held), but I stumbled on this site that ranks you against the word:

http://www.globalrichlist.com/  

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BuildingBlocks said: ↑
Bit of a nothing article.

It is just saying that prices on everything (houses and expenses) have gone up.Click to expand...
um....thats not really my take on the article.
My take in reading it is that most australians are significantly wealthier off now than they were in the past decade, taking into account inflation etc. This is mainly because the growth of property ( especially) and other investments such as shares with lowering of debt have increased personal net worth.

The author then proceeds to make the argument that the perception is not the same as reality. The perception is often doom and gloom, as reported in many newswires and even on this board.

It may not feel ( perception) like we are richer than 10 years back, but in dollar to dollar terms ( reality), we are.

"...For most, the perception is that they are going backwards - the cost of living is rising, incomes aren't keeping up and wealth levels are stagnating. But the reality is that incomes continue to grow faster than prices, while balance sheets are improving through record wealth levels and reduced debt levels.

"The fact is Australians have never been wealthier.

"The average Australian has wealth equivalent to almost $267,000, a level that has largely doubled over the past decade..."

Read more: http://www.news.com.au/money/invest...ot/story-e6frfmdr-1226038882442#ixzz1JwAB8ifE  

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But having a net wealth that is mainly made up of a PPOR means nothing if you still need somewhere to live.  

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BuildingBlocks said: ↑
Not sure how accurate it is (as it is purely on salary and doesn't take into account assets held), but I stumbled on this site that ranks you against the word:

http://www.globalrichlist.com/Click to expand...
Sorry, but I think that's a rubbish site. :eek: Trying to guilt me into making some sort of donation!

BuildingBlocks said: ↑
But having a net wealth that is mainly made up of a PPOR means nothing if you still need somewhere to live.Click to expand...
But this is a great point! I would agree that a lot of the increase in "wealth" would be through owning a PPOR.  

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