topic Re: How much is too much for a house? in Community Spirit

How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:13:54 GMT

I was chatting to a friend from Adelaide tonight who is selling her house in a beachside suburb (Semaphor Beach?). Shes about a block away from the waters edge so I thought she'd get a few mill. (I'm from Sydney lol!).

But she reckons she'll be happy to hit the $500,000 mark.

I can't imagine a house so close to the city and so close to the water selling for that price but then again, being from Sydney, I am a little skewed when it comes to real estate.

So what do you think is a fair price to pay for a house 10km from the CBD?

(Perhaps mention where you are from when you answer - it might put your response into perspective)

Re: How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:15:36 GMT

For Sydney I would expect to pay around $900,000-1.2mill for a house within a 10km radius in all directions around the CBD.

(2-3 bedrooms, some garden, garage)

Re: How much is too much for a house?

the_bob_delusion — Thu, 09 May 2013 12:17:33 GMT

I medium price range for most major cities is at least half a mil.

It really depends on the area and market value.

You can get a mansion for half a mil in the States. You get bugger all for half a mil in Aus.

Re: How much is too much for a house?

the_bob_delusion — Thu, 09 May 2013 12:20:28 GMT

I have a few properties and I expect all of them to be worth above a mil.

Re: How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:20:44 GMT

Well apparently you can get a pretty nice house in a great suburb close the city in Adelaide for half a mill bob.

Re: How much is too much for a house?

the_bob_delusion — Thu, 09 May 2013 12:21:57 GMT

Adelaide is too boring for me.

Re: How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:23:30 GMT

Talking about a boring life - how could you not have heard about The Fonz? I can't get over it...

Re: How much is too much for a house?

cherry*135 — Thu, 09 May 2013 12:24:03 GMT

There was a house listed here recently asking price is $1.5m - small town South Coast NSW, deck shaped like a boat, 180 degree uninterrupted ocean views ( LOTS & LOTS of salt spray though from small blowhole).

Re: How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:29:30 GMT

am - a friend of mine just bought a house on the cliff overlooking the beach at Easts Beach. She paid just over $600,000 but it needs a lot of work.

I thought it was a bargain lol!

Re: How much is too much for a house?

*mrgrizz* — Thu, 09 May 2013 12:37:06 GMT

oh this is the brag thread

Re: How much is too much for a house?

cherry*135 — Thu, 09 May 2013 12:37:33 GMT

Does sound a bargain for over looking the beach..maybe houses are slow to sell here at the moment, nobody has got the big $$ so sellers aren't getting as much as they would like. Easts Beach is beautiful.

Re: How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:39:29 GMT

Yep - we camp at Easts every Christmas. 😄

Now we can watch her swanning around in her house while we swelter in the caravan. :^O

Re: How much is too much for a house?

*mrgrizz* — Thu, 09 May 2013 12:40:30 GMT

god told me I could get 3.6m for my house in balga........so i'm holding out

Re: How much is too much for a house?

crystal**flake — Thu, 09 May 2013 12:43:56 GMT

It all about the area, I live in a good area and I'm looking at my home to a mill.

Re: How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:46:14 GMT

How far from the CBD and in what states are you in Crystal and Grizz?

Re: How much is too much for a house?

**meep** — Thu, 09 May 2013 12:47:36 GMT

So what do you think is a fair price to pay for a house 10km from the CBD?

Taking into consideration what ours cost being approx 20k from Sydney CBD, it would have to be around 1mln. A friend of mine bought a house in Burwood for 900k about 6yrs ago...

Re: How much is too much for a house?

*mrgrizz* — Thu, 09 May 2013 12:53:29 GMT

180 km

Re: How much is too much for a house?

karliandjacko — Thu, 09 May 2013 12:53:54 GMT

Semaphor Beach is quite nice. An old area near Port Adelaide with interesting buildings.

Re: How much is too much for a house?

i-need-a-martini — Thu, 09 May 2013 12:55:36 GMT

I have visited her a few times karli. That's why I was so surprised the house was worth so little (relatively).

Re: How much is too much for a house?

the_bob_delusion — Thu, 09 May 2013 13:03:18 GMT

180 km

You're probably on plenty of acres. Imagine if you have that land in around the city.

Most areas cost at least half a mil just for the land alone.