I love when you speak to me. It gives me a clue to what you really think about the stuff that I think (and write) about. One of your latest responses was too good not to share, and I decided to dedicate a post to it.
I love when you speak to me. It gives me a clue to what you really think about the stuff that I think (and write) about. One of your latest responses was too good not to share, and I decided to dedicate a post to it.
Remember how I asked you “What do you think, will property prices stop if no more overseas IT engineers, doctors or accountants will be allowed in Australia?”
So here is what doctor T. from Germany thinks:
“I guess property prices will stop if no more overseas doctors will be allowed in Australia.
Why ?
No more doctors from overseas to meet the shortage of doctors, not only GP’s but also Specialists like Surgeons, Anaesthetists etc, in the country means not enough doctors for all citizens.
In a kind of “biologic solution” the number of people living in Oz will be reduced. Less people means less potential house buyers and this will result in a decrease of property prices.
You want it faster ? No problem. Send all descendents of the original POM’s back to England and you’ve cleared at least half of the country.
The statement that wealthy immigrants would push property prices reminds me of an Austrian guy who 80 years ago told people in my country that wealthy Jews are responsible for pushing up inflation.
This was absolutely bullshit as well as the idea that wealthy immigrants push up prices in Oz.”
Thank you, Dr. T. for saying something that probably many would agree with - if only they weren’t too shy or too busy to respond.
I hope you’re sitting down to read this, because you’re in for a shocker.
Personally, reading this article in News.com.au I didn’t know whether to laugh or cry. If you were ever wondering what drives the property prices up, now you have the answer - it’s the wealthy migrants, from Britain, India and China.
Apparently those “monstrous” migrants, even though their number is in average 500,000 a year (peanuts, compared to the total annual number of property transactions), somehow manage to drive the property-price inflation. You’ve got to be kidding.
How on Earth can they be doing that, you ask? Well, the explanation John Edwards from Residex offers is that they earn above-average salaries, which they spend, buying houses for crazy prices. Yea, that makes a lot of sense.
Let’s see how much sense exactly it makes.
Imagine that you are a newcomer. You have just arrived in a new country that has a more expensive currency than my own, so the money you brought with you shrunk a fair bit. You haven’t had any predecessors here, who left you an inheritance, something to get your foot in the door of the property market - you are making a fresh start. Your salary may be above average, because you are a highly skilled professional - but locals are paid just as much, and the Immigration department makes sure you don’t get better employment terms than any Aussie born person with the same qualifications. You have the whole future of your kids to worry about, you have to pay their school tuition fees and put them through college. Why don’t you just go and buy a house that will cost you 5.5 times your household income, and top it up, throw another 10 grand in, so that nobody beats you on the price.
I rest my case.
If I had to name a suspect, I’d be having hard time to pick just one - but I can promise you, migrants wouldn’t be on that list. How about the taxation incentives that encourage investing in property, how about the banks that allow people to borrow amounts that are 500% of their annual income?
Reading the comments on that article, I could see that some people found this article to be racist to an extent. I, however, think that this article isn’t being fair to Australian-born people; it really presents them in a bad light. It basically says that Aussies are not skilled enough - and therefore not paid enough - to afford a house, if a small proportion of overseas immigration can price them out of the property market. If I was an Aussie by birth, I’d be offended.
I’d really like to get your opinion - what do you think, will property prices stop if no more overseas IT engineers, doctors or accountants will be allowed in Australia?
In 2 words? Bigger and better, that’s how Aussies like their kitchens and bathrooms.
Just to give you an idea of what people are prepared to spend on their kitchens and bathrooms, here is a quote from the HIA report: they predict that the amount spent on renovations and installations of kitchens and bathrooms will hit a record $12 billion by 2012.
But what exactly IS a better kitchen? The top-end hardware and storage solutions.
People like lazy susans - if you’re not familiar with the term, it’s a circular revolving shelf installed in your cupboards to utilize the space better. Often they are installed in corner cabinets to solve the so-damn-hard-to-reach-pots problem.
Another favorite is the soft closing drawers and cabinet doors. Push them as hard as you like - there will never be a “bang”, very helpful for people with little babies or folks recovering from the night before.
Lift-up doors are very popular, because of the ease of access to the cabinets’ contents and for safety reasons - these doors you can’t walk into (well, unless you try very hard). Touch-opening doors and drawers are in demand as well - imagine cabinet doors with no handles, how cool is that!
Kitchen also includes the appliances installed with it - and people are choosing to have wine fridges, LCD/ Plasma TVs, dishwashers, water filtration systems and free-standing stoves in their kitchens.
As for the kitchen bench tops, nowadays the preferred material is granite - and stainless steel or timber become less and less popular.
Giving their bathroom a makeover, most often people replace the basins with modern-looking ones, replace the older vanity units, tap ware and tiles. Apparently semi-frameless shower screens are a hit, and there is a growing trend for multiple basins and multiple shower heads.
That’s it from me, now it’s your turn to speak up - what does your dream kitchen or bathroom look like?
I wish I could afford to invest as much money as the Aussie do. I’ve made some upgrades in the kitchen and want to makeover the bathroom. From an economic stand point, not many of us Americans can afford to make drastic changes.
Comment by RTA Cabinets — January 14, 2010 @ 5:21 am
Reminds me of refrigerators that also have a television set built in. Too much? Naw.
Comment by vancouver movers — January 16, 2010 @ 2:39 am
Wow, those look really nice
Comment by Voyage Montreal — January 18, 2010 @ 8:32 am
Remodeling doesnt have to be expensive you just need to think outside the box when it comes to the materials you use. I do like the underlit vanity above. Very modern and calming look.
Comment by Steam Shower — May 18, 2010 @ 6:06 am
Lately I had one of my little “AHA!” moments when I understood what 2010 and probably 2011 will be like in the property world. It happened when I read 2 reports - one by Archicentre on renovations and another by HIA on kitchens and bathrooms - and the things they were saying drew me the following picture.
It looks like a large proportion of Aussie population, known as baby-boomers, will be preferring to renovate their homes, as opposed to relocating. This, according to Archicentre, is their new superannuation strategy - a change that was caused by the global financial crisis and it’s consequences for the baby boomers. This looks like a reasonable strategy, especially with the estimated costs of moving being between $50,000 - $60,000 with all the property taxes and expenses added up.
And in any renovation project, what are the 2 major components? The new kitchen and bathroom, of course. Now this part explains the HIA report about Australian kitchens and bathrooms getting bigger and better. They say that in 2008/09 the average cost for a new kitchen / bathroom, including installation, was $14,000 and that people will be spending more in 2010 and 2011.
If we do the math, to replace both the kitchen and the bathroom will cost us $28,000 - compare it to $60,000 for relocating and you get a saving of $32,000. Of course there are other costs involved in a renovation, but still - this alternative looks much more attractive.
And now back to you - what do YOU think, renovate or relocate?
In today’s market, it doesn’t make sense to move when you may already have the ideal place. You know the home and are best able to make the home renovations that will most improve the quality of life.
Comment by Hoboken Real Estate — January 21, 2010 @ 12:25 pm
Great stuff, very informative. I am impressed ! I hope that your site will be there for a long time.
Comment by Conservatories — February 3, 2010 @ 7:31 pm
If you still haven’t sold your house, then it means that you’ll need to try harder
As promised, this post is about making your house look bigger and better through de-cluttering. With all the tons of “useful” Christmas presents you just got, this post can give you some breathing space.
- Who else hates a cluttered house?
- I do! I do!
- So why don’t you do something about it?
- Because… I don’t know where to start.
So here are a couple of ideas.
Before we begin, this is not your regular tutorial on de-cluttering the whole house - it would take a lot of time and would not serve the purpose of selling your house faster and for a better price. This post is about “cosmetic” de-cluttering, meaning you deal with visible areas only. Anything that you can hide and lock stays put.
Let’s begin with surfaces in your house, because they seem to attract clutter like a magnet. Usually these are kitchen tables, kitchen benches, coffee tables, desks, book shelves, etc. Believe it or not, simple clearing of these surfaces will make your home look and feel bigger and nicer.
What works? Get a big cardboard box. Approach each surface. Dump everything in the box. Wipe the dust and smile, because it looks SO much better already. Now what do you do with this box full of, ahem, stuff? Put the family photos and any of the stuff you’re proud to display back. The rest - I am confident you will find a place for it. Just in case you were running out of ideas, think about donating things, selling them on eBay, giving them to friends or tossing them out.
Now let’s proceed to kids’ stuff. When people come to inspection and walk into your little one’s room, a pile of soft toys looks very cute - it won’t look as cute in your living room, and the same goes for the rest of the toys. Get some plastic or cardboard boxes that you can store under the child’s bed, put the artwork, pens and pencils in one box, toys in another, books in the third box.
The bedroom. If you have a night stand, hide all the medicines, the remote, everything that looks messy, in its drawers. Leave the night light and a couple of books, if you’re a reader. If there is no room in the nightstand, get an under-bed box.
The study. If you’re a creative-mess person, this will inconvenience you - but remember, it’s all for a good cause. Let’s begin with your desk - pencil-holders are essential, all the papers need to be put in neat piles, and while you’re at it - get some light drawers to sort the bills, the invoices, the mail once and for all. As a rule of thumb, free up 70% of your desk surface to make it look good. Tie all the wires hanging down from your PC together, use a braided sleeve or a Velcro fastener; they will look much tidier this way. Put all the CDs and DVDs in one place - even a plastic box will do.
Are you still here? The clutter is not going to sort it self out
I missed the surfaces the last time I did the de-clustering. Now I know it is the main problem…kids and me put stuffs on desks anytime.
Comment by Saint Tropez Villas — January 22, 2010 @ 2:57 am
“China Daily” writes: “Australia is now a hot real estate market for Chinese investors”. And one billion Chinese read it… but how many can afford? - Most of Australia’s immigrants are employed in health care, social assistance and construction. The real estate market is poised to grow thanks to record low interest rates and the Australian government’s stimulus package.
Comment by Sydney de la Tour — February 4, 2010 @ 1:11 pm
If you bring in more white collar workers the cost of living goes up and the wages remain stagnant. Im something like 8th generation in some branches - who knows but I have left the country or trying to leave (which is odd because as an Aussie its hard to migrate somewhere else). Everytime I come back to Australia as an Accountant the wages have hardly gone up - this is over 10 years. The poor migrants usually have some degree of extended family here or they are rich people from poor countries ( and those countries are getting richer - there are a hell of alot of people in places like Brazil that earn more than the average Aussie). If they are from Europe/UK they have a stronger currencly contrary to your claims that they have a less expensive currency. They also get an inheritance from the UK etc. Some migrants live in large family groups thus allowing economies of scale and they can get on the property ladder very quickly. Should the Aussie change his culture and live 3 families to a house? Well I think they will in the future and also there won’t be too many Aussies left. I won’t be in Australia if I can help it and before some smartarse says good riddance -think about what society is being built - people won’t have a stake in society they will feel poor and recognise that no matter how hard they study/work etc they will never have a house and society will become very divided which is the antithesis of how Australia was built.
Comment by Terence — February 5, 2010 @ 1:57 pm