Monday, June 04, 2007

Not Properly Looking

Now that I’ve bought a place I always find it interesting to hear people whinge about the price of houses these days. It is so hard for a young person or young couple to afford to buy a house they say. A newly married man rang up talkback radio last week saying how he can’t find anything lower than $400,000.

But does he want to buy a house or an address?

This person probably needs to drop his standards a little, not too much. If he’s after the posh address then he needs to get off his high horse and take a dose of reality. The reality is that there are plenty of 2 bedroom units around Blacktown, Parramatta and everywhere in between for around $250,000. Some of these are brand new. There’s also a fair few 3/4-bedroom houses on decent blocks of land for about $375,000. Or go in between and get a 2/3/4 townhouse or villa from $250,000. Especially around Wentworthville.

People who want an address will no doubt struggle to find something decent for less than $500,000. So I recommend that this man grab hold of his $400,000 house as it’s probably as low as he will find.

3 comments:

Daniel said...

100% agree with you here Tim. If people's heads weren't so far up there own backsides they'd realise there are plenty of affordable places out there. But as soon as they see Blacktown or Western Sydney they shudder at the thought they might have to share a post code with a few bogans.

Anonymous said...

but if your friend base is not out west, why would you want to move there?

Tim Haynes said...

You probably wouldn't want to move away from your friendship base. But if you don't want to move where housing is more affordable then don't whinge about the prices in the upper class addresses. There's a lot of nice places in good areas. Daniel's right, people see Western Sydney and can't get past their pre-conceived ideas which are generally way off the mark anyway.