Australian Housing Affordability Discussion

[medhead]

I want to buy a house in Sydney. So I've decided to become the Treasurer of Australia. It's a good job that pays good money.

My employer will even pay for my wife's investment property.

 

[Bundy Bear]

Housing Affordability Discussion

I want to buy a house in Sydney. So I've decided to become the Treasurer of Australia. It's a good job that pays good money.

My employer will even pay for my wife's investment property.

Something Medhead commented on


Something I shared over the weekend


If you want a laugh as some of you don't do Facebook johnk et al

 

[whatmeworry]

Re: The totally off-topic thread

I want to buy a house in Sydney. So I've decided to become the Treasurer of Australia. It's a good job that pays good money.

My employer will even pay for my wife's investment property.

This is from Joe Hockey's book.

 

[amaroo]

Re: The totally off-topic thread

Some of our cleaners at work are bloody hard working. Obviously they must be getting good money. Thinking back to some of the hardest work I've ever done, john Howard paid me $36 a day. Hard work pays off.

One can only imagine how better off they'd be if they didn't have their rights traded for self interest...

 

[medhead]

Re: The totally off-topic thread

One can only imagine how better off they'd be if they didn't have their rights traded for self interest...

Umm, let me check ... No, it just takes hard work to do well. At least that's the word from Canberra.

 

[blackcat20]

Re: The totally off-topic thread

I would warn against keeping insurance out of it. In my experience that results in a cheaper quote but also lower quality work.

Suggest telling the panel shop that you'll be going via insurance. Then at least you'll have a full priced quote.

Our panel beater is a family friend who runs a prestige repair business. His work won't any poorer for doing a cash job.

 

[whatmeworry]

Re: The totally off-topic thread

I suspect this will be our Treasurer’s last term and a bit in parliament.

 

[RooFlyer]

Housing Affordability Discussion

Something Medhead commented on
View attachment 50396

Something I shared over the weekend <snip>

If you want a laugh as some of you don't do Facebook johnk et al

I'm still honestly wondering what the fuss is about. Isn't what the Treasurer said simply true? if you want to buy a house [and the topic was Sydney housing] you DO need a good job. Unless you have the cash in hand, no financial institution will lend you the required funds without evidence you can service the loan. Like a good paying job.

Someone pls tell me what is actually problematical with what the quote says. Just straight up and down - what's incorrect?

 

[There'sOnlyOneJimmy]

Re: The totally off-topic thread

I'm still honestly wondering what the fuss is about. Isn't what the Treasurer said simply true? if you want to buy a house [and the topic was Sydney housing] you DO need a good job. Unless you have the cash in hand, no financial institution will lend you the required funds without evidence you can service the loan. Like a good paying job.

Someone pls tell me what is actually problematical with what the quote says. Just straight up and down - what's incorrect?

There goes your promising career as a shock jock ;-)

 

[TomVexille]

Re: The totally off-topic thread

I'm still honestly wondering what the fuss is about. Isn't what the Treasurer said simply true? if you want to buy a house [and the topic was Sydney housing] you DO need a good job. Unless you have the cash in hand, no financial institution will lend you the required funds without evidence you can service the loan. Like a good paying job.

Someone pls tell me what is actually problematical with what the quote says. Just straight up and down - what's incorrect?

Quite simple. A "good job" doesn't buy you a house in Sydney or Melbourne anymore. An exceptional job that pays $120k plus will give you the means to buy an okay house.

Oh wait, I'm probably preaching to the wrong audience as a fair number of people reading this probably make more than that.

 

[TheRealTMA]

Re: The totally off-topic thread

Quite simple. A "good job" doesn't buy you a house in Sydney or Melbourne anymore. An exceptional job that pays $120k plus will give you the means to buy an okay house.

Oh wait, I'm probably preaching to the wrong audience as a fair number of people reading this probably make more than that.

As the Italian T-shirt at the Berlusconi rally goes "Siamo tutti coglioni." In Australian terms, it means we are all politicians earning average wages with property portfolios...

 

[TomVexille]

Re: The totally off-topic thread

As the Italian T-shirt at the Berlusconi rally goes "Siamo tutti coglioni." In Australian terms, it means we are all politicians earning average wages with property portfolios...

Well unfortunately in this country, unless you already own property. You're screwed

 

[RooFlyer]

Re: The totally off-topic thread

Quite simple. A "good job" doesn't buy you a house in Sydney or Melbourne anymore. An exceptional job that pays $120k plus will give you the means to buy an okay house.

Oh wait, I'm probably preaching to the wrong audience as a fair number of people reading this probably make more than that.

Well, we might need to debate about what a "good job" means (and what Hockey meant!) over a glass or three of red but we now recall what he began his sentence with :

"The starting point for a first home buyer is to get a good job that pays good money ... "

If a young relative asked me how they should go about getting the wherewithal to buy a house I would say (and, IIRC, I think I DID say something like this to a niece once :shock: - and now she DOES 'own' a house with a mortgage).

"The starting point would be get as good job as you can, earning as much as you can earn, and save, save, save for a deposit." I think that's a completely unremarkable statement. Just because many can't realise the dream of home ownership because they can't find a job - coughpy, good or exceptional paying - doesn't make the statement(s) less accurate, I think.

 

[RooFlyer]

Re: The totally off-topic thread

Well unfortunately in this country, unless you already own property. You're screwed

Come to Tassie! Great lifestyle, clean air, uncrowded cities and cheap housing :mrgreen:.

City of Devonport
City of Launceston
City of Hobart

... those are median prices .. so half are less than that


And join the Tasmanian iron ore and nickel boom!

 

[TomVexille]

Re: The totally off-topic thread

Well, we might need to debate about what a "good job" means (and what Hockey meant!) over a glass or three of red but we now recall what he began his sentence with :

"The starting point for a first home buyer is to get a good job that pays good money ... "

If a young relative asked me how they should go about getting the wherewithal to buy a house I would say (and, IIRC, I think I DID say something like this to a niece once :shock: - and now she DOES 'own' a house with a mortgage).

"The starting point would be get as good job as you can, earning as much as you can earn, and save, save, save for a deposit." I think that's a completely unremarkable statement. Just because many can't realise the dream of home ownership because they can't find a job - coughpy, good or exceptional paying - doesn't make the statement(s) less accurate, I think.

Absolutely. I don't expect a house to be handed to me. What annoys me is that it's nigh on impossible to buy a house within an hour and a half of the city for less than a million dollars. And two people with "good" jobs can borrow maybe around $750k. The fact is people buying investment properties and foreign cash have created a massive bubble at the expense of Australia's youth.

 

[amaroo]

The totally off-topic thread

Buying the first home has always been difficult. Our first home was expensive (at the time) with the horrendous issues of high interest rates, recession and constant employment insecurity.

Realistic expectations and extreme budgeting was the way we did it.

Holidays, weekend trips and anything approaching a "lifestyle" expenditure was simply not possible. TBH I don't see much has change ... earn, budget, save, going without has always been a must of ownership. YMMV

 

[whatmeworry]

Re: The totally off-topic thread

Come to Tassie! Great lifestyle, clean air, uncrowded cities and cheap housing :mrgreen:.

City of Devonport
City of Launceston
City of Hobart

... those are median prices .. so half are less than that


And join the Tasmanian iron ore and nickel boom!

I was thinking of moving to a regional town like BNE, ADL, PER... However Tassie probably not warm enough for me.

The cabinet pay packets.

Coalition: cabinet ministers and spouses' property ownership and salary

Politician	Position	Salary	Number of properties*
Malcolm Turnbull	Cabinet member	$337,000	7
Peter Dutton	Cabinet member	$337,000	5
Joe Hockey	Treasurer	$366,000	4
Mathias Cormann	Cabinet member	$337,000	4
Warren Truss	Deputy prime minister	$400,000	4
Barnaby Joyce	Cabinet member	$337,000	3
Julie Bishop	Cabinet member	$337,000	3
Mitch Fifield	Government manager of business in the Senate	$341,000	3
Sussan Ley	Cabinet member	$337,000	3
Eric Abetz	Government Senate leader	$366,000	2
George Brandis	Cabinet member	$337,000	2
Kevin Andrews	Cabinet member	$337,000	2
Nigel Scullion	Cabinet member	$337,000	2
Andrew Robb	Cabinet member	$337,000	1
Bruce Billson	Cabinet member	$337,000	1
Christopher Pyne	Leader of the House of Reps	$341,000	1
Greg Hunt	Cabinet member	$337,000	1
Ian MacFarlane	Cabinet member	$337,000	1
Scott Morrison	Cabinet member	$337,000	1
Tony Abbott	Prime minister	$507,000	1

 

[medhead]

Re: The totally off-topic thread

Typical BS defence of our half wit treasurer. Do you even see the difference between your advice and the advice of the imbecile?

Just go out and get a good job that pays good money and then you can get a loan. WTF!!! Just get a high paying job? Oh yeah, like the treasurer's job that pays $360000 a year? Just go out and get one of those jobs? His advice was two parts not just get a job but get one that pays good money. In Sydney that means at least $130000 to even think about servicing a loan for the median house price. Precisely how many jobs are available in Sydney that earn $130000? Since all these first home buyers are just going to go out and get a job that pays that much. Then when all the first home buyers are working in senior positions as merchant bankers, who's going to be doing the teaching, nursing, policing, firefighting? Because while those are good jobs, they sure as hell don't pay good money that allows a fresh brand new first home buyer to just wandering down to the bank to get a loan.

His advice is go out and get a good job that pays well and then you can get a loan. Nothing about save, save, save. It may be true that you need to earn to buy a house, but it is trite and insulting to express it way he did, he's basically saying F' all you losers who aren't earning $130000+ per year. He has wiped out any aspiration to owning a house for whole sections of the community, most especially those who are going into low paying careers to provide vital services to society.

Not only that he is a key part of a government that is working bloody hard to kill the pay and entitlements of the very people that he's just told to go out and get a good job that pays money. The pay deal to our military is below inflation. He and is cronies what to do exactly the same to the rest of those scum workers who don't deserve to be able to buy a house.

Just go out an get a good job that pays good money. Because it is simply that easy. That was the ridicule in my post. I'm just going to go out and become treasurer, because that clown has told me it's that simple. Just go out and get paid good money. Like people don't already have the best paying job in the career of their calling already.

You don't even need to talk about unemployed at all. That statement marginalises people who have good jobs, who have worked hard all their lives and who cannot afford to buy even an average house in Sydney. There are even liberal stooges going on about not everyone can buy a house in point piper. weak thinking to match that of the treasurer.

What's wrong with the statement - It's F'ing stupidity of the first order.

Well, we might need to debate about what a "good job" means (and what Hockey meant!) over a glass or three of red but we now recall what he began his sentence with :

"The starting point for a first home buyer is to get a good job that pays good money ... "

If a young relative asked me how they should go about getting the wherewithal to buy a house I would say (and, IIRC, I think I DID say something like this to a niece once :shock: - and now she DOES 'own' a house with a mortgage).

"The starting point would be get as good job as you can, earning as much as you can earn, and save, save, save for a deposit." I think that's a completely unremarkable statement. Just because many can't realise the dream of home ownership because they can't find a job - coughpy, good or exceptional paying - doesn't make the statement(s) less accurate, I think.

 

[medhead]

The totally off-topic thread

Still I suppose he has a point, it would've been so much easier if I just got a good job that pays good money instead of wasting 10 years at university getting an education followed by 16 years building a career.

 

[JohnM]

Re: The totally off-topic thread

Still I suppose he has a point, it would've been so much easier if I just got a good job that pays good money instead of wasting 10 years at university getting an education followed by 16 years building a career.

Or spending a little less time on AFF... .