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Phil Spencer ruining more lives where the bubble is yet to burs.

£310K GBP = 500K AUD today

When I was there is 2001 £310K would have been AUD 900K and would have bought you the mother of all houses in the most exclusive location.

Today £310k will pretty much buy you a shed.

Edited by Earthling10

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There seems to be alot of these up sticks and move to Aus' programmes on recently.

It's a great idea. Watch prices crash in the UK, take what little you can get from the sale of the UK property with a massively devalued GBP vs AUD and buy at the peak of another market. I only hope WTSHTF the scoungers don't have enough cash to buy a ticket back to the UK. My advice is they learn how to hunt and cook road kill.

Edited by Earthling10

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phil is more pernicious than crusty. with his amiable, reasonable and caring persona he leads them cheerfully onto a road of ruin. what job does this guy have . just started watching the programme

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Phil Spencer ruining more lives where the bubble is yet to burs.

£310K GBP = 500K AUD today

When I was there is 2001 £310K would have been AUD 900K and would have bought you the mother of all houses in the most exclusive location.

Today £310k will pretty much buy you a shed.

The aussie property market is the mother of all property bubbles in the world today, closely followed by Canada! Possibly some limited zones in China may be worse, but information is less reliable. The UK is still third in the world. So don't let anyone fool you into thinking prices have fallen anywhere near to bottom here.

The aussie market is totally and utterly mad. The multiples of lending are ludicrous. The wages are mostly quite modest in Oz, yet a very ordinary house is sooooooo expensive. When inflation hits downunder and their rates rise higher, I think there will be a big fall there. It's all the same reason - loose stupid credit and lack of regulation.

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It's a great idea. Watch prices crash in the UK, take what little you can get from the sale of the UK property with a massively devalued GBP vs AUD and buy at the peak of another market. I only hope WTSHTF the scoungers don't have enough cash to buy a ticket back to the UK. My advice is they learn how to hunt and cook road kill.

Do you have to hunt road kill in order to cook it?

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The aussie property market is the mother of all property bubbles in the world today, closely followed by Canada!

But Australian have huge mining reserves. Gold and other commodities will never drop as the last two weeks have shown! Oh wait....

Australia feeds China based who are themselves feeding Europe and America's insatiable appetite for goods and as soon as demand drops and Ausse's supplies and services will no required.... well ouch. They are without doubt the last in the food chain and will as a result will be hit hardest last of all. Anyone buying Aus property is hit with the double whammy of devalued sterling and overvalued AUD and it's property bubble. Apart from a US to AUS move there are very few greater ways to destroy your finances.

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Property only ever goes up, its a one way bet, renting is dead money, it will be be a lucrative investment, its a property "ladder" dont you know

My Aussie landlady in my cockroach and ant infested hovel was a total hag and that was her mantra. I hope her investments crash and burn. Luckily prostitution is still legal in her state so she certainly wont go hungry.

Edited by Earthling10

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The aussie property market is the mother of all property bubbles in the world today, closely followed by Canada!

Both countries are heavily resource-based and are being propped up by demand from China; so long as that continues they're not likely to crash. The question is how long China can continue buying up insane amounts of the world's resources.

But yeah, anyone wanting to move from the UK to Canada today to escape with their housing equity is ******ed: I thought I got a bad deal in 2007 with the pound at $2.15 after years around $2.50, but I worked out last week that our house would cost about 75,000 pounds more than we paid if I was to move over today.

Even then you can still buy a house here for under $100,000 if you don't mind living in an older part of town.

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Phil Spencer ruining more lives where the bubble is yet to burs.

£310K GBP = 500K AUD today

When I was there is 2001 £310K would have been AUD 900K and would have bought you the mother of all houses in the most exclusive location.

SNip

Maybe in Darwin.

The aussie property market is the mother of all property bubbles in the world today, closely followed by Canada! Possibly some limited zones in China may be worse, but information is less reliable. The UK is still third in the world. So don't let anyone fool you into thinking prices have fallen anywhere near to bottom here.

The aussie market is totally and utterly mad. The multiples of lending are ludicrous. The wages are mostly quite modest in Oz, yet a very ordinary house is sooooooo expensive. When inflation hits downunder and their rates rise higher, I think there will be a big fall there. It's all the same reason - loose stupid credit and lack of regulation.

Average wage is higher here than in the Uk.

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The aussie property market is the mother of all property bubbles in the world today, closely followed by Canada! Possibly some limited zones in China may be worse, but information is less reliable. The UK is still third in the world. So don't let anyone fool you into thinking prices have fallen anywhere near to bottom here.

The aussie market is totally and utterly mad. The multiples of lending are ludicrous. The wages are mostly quite modest in Oz, yet a very ordinary house is sooooooo expensive. When inflation hits downunder and their rates rise higher, I think there will be a big fall there. It's all the same reason - loose stupid credit and lack of regulation.

there is a huge shortage of land in Australia.

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phil is more pernicious than crusty. with his amiable, reasonable and caring persona he leads them cheerfully onto a road of ruin. what job does this guy have . just started watching the programme

Phil is highly skilled. lets look at his CV.

Phillip Spencer ( ex Director of failed property business)

education> plumby voice course for Estate Agents..1998

Experience> failed company director and support for two man comedy property show on the telly.

stunt **** for BBW on TV porn show.

Skills> knows how to use a mobile telephony device, including inputting ( fair accuracy) and analysing the readouts.

able to read yellow pages and can sniff out likely local Estate Agents.

ability to enquire of Estate agents of house for sale in their local.

ability to obtain a budget from clients.

ability to pass on that budget accurately to the Estate Agent 60% of the time.

ability to locate a property from the Estate Agents Details form, and show round a client (is able to identify the rooms with reasonable accuracy to assist client in his own ID..for example, is able to say, when entering a room full of cupboards, cooker, fridge and sink.."and here we have the kitchen")

Great at sly off camera remarks over the buying needs of clients.

great at passing offer to Estate agent.if any.

Often obtains the sellers asking price.

hobbies>shaving.

referees> no client referees available.

Edited by Bloo Loo

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there is a huge shortage of land in Australia.

Or rather a huge shortage of habitable land. I believe something like 90% of the population live within 50 miles of the sea.. The rest is left for God to live in

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there is a huge shortage of land in Australia.

Good land where people actually want to live is in short supply.

If you don't mind living in Wop Wop, you can fill your boots. There are plenty of country towns 3 hrs from Sydney where you can buy a 4 bed detached on the traditional 1/4 acre block for <$200k. Don't often find many poms fancying relocating there, mind, which isn't a surprise given the lack of service jobs which most people do these days.

Noooo, its always people looking to swap Bognor for Bondi.

Edited to add: Ok, so this property is $240k but this house is nice.

http://www.domain.com.au/Property/For-Sale/House/NSW/Oberon/?adid=2008778317

Edited by aussieboy

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There seems to be alot of these up sticks and move to Aus' programmes on recently.

Yes, makes me hesitant about ever making a move... too many people doing it, just sounds like bad news.

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Good land where people actually want to live is in short supply.

If you don't mind living in Wop Wop, you can fill your boots. There are plenty of country towns 3 hrs from Sydney where you can buy a 4 bed detached on the traditional 1/4 acre block for <$200k. Don't often find many poms fancying relocating there, mind, which isn't a surprise given the lack of service jobs which most people do these days.

Noooo, its always people looking to swap Bognor for Bondi.

Edited to add: Ok, so this property is $240k but this house is nice.

http://www.domain.com.au/Property/For-Sale/House/NSW/Oberon/?adid=2008778317

Jesus, look at the size of that place.

I swear.... day by day....... I'm starting to see little point in staying in the UK...

Average wage in Oz is equivalent to £40k (pounds) right?

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Jesus, look at the size of that place.

I swear.... day by day....... I'm starting to see little point in staying in the UK...

Average wage in Oz is equivalent to £40k (pounds) right?

Probably not in that part of the world... and there's the rub.

Edited to add: just looked at some of the pics... the outdoor BBQ with the big HSV logo poster probably gives a good insight into the area : )

Edited by aussieboy

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Jesus, look at the size of that place.

I swear.... day by day....... I'm starting to see little point in staying in the UK...

Average wage in Oz is equivalent to £40k (pounds) right?

get yourself over there, give it a go, if you dont like it go somehwere lsle or come back to Ungreat Britain

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Patfig have you done it - where are you now?

See my 'engineering' thread in the OT section.........

Part of me would love to just give it a go........ seems like very little future here other than my currently great (but low pay compared to abroad) job!

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Sorry, do you live in Oz or in the UK (I think the UK, right?)

Nope - Sydney (assuming you were asking me).

Just got back from a trip to the country and Oberon. Beautiful, but with a bit of a "duelling banjo" vibe.

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get yourself over there, give it a go, if you dont like it go somehwere lsle or come back to Ungreat Britain

As long as you aren't bringing pounds, this is good advice.

Make a change to have a few Scots amongst the Irish that are arriving again ;)

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Unfortunately there are few high-tech electronics jobs over there, right? In my engineering thread I highlight the high-salaried power jobs I could have done had I gone down that path. The thought does appeal - as the days go by and my money grows (though as you point out not a great exhange rate right now) the less I want to buy a small rabbit hutch here and be grounded in the freezing cold of Scotland.

Oh and yes I was asking you, aussieboy - thanks for answering!

Edited by guitarman001

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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