How much is too much for a house?

i-need-a-martini
Community Member

on ‎09-05-2013 10:13 PM

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)

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i-need-a-martini
Community Member

on ‎09-05-2013 10:15 PM

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)

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the_bob_delusion
Community Member

on ‎09-05-2013 10:17 PM

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.

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the_bob_delusion
Community Member

on ‎09-05-2013 10:20 PM

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

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i-need-a-martini
Community Member

on ‎09-05-2013 10:20 PM

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

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the_bob_delusion
Community Member

on ‎09-05-2013 10:21 PM

Adelaide is too boring for me. 

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i-need-a-martini
Community Member

on ‎09-05-2013 10:23 PM

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

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cherry*135
Community Member

on ‎09-05-2013 10:24 PM

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). 


 


 

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i-need-a-martini
Community Member

on ‎09-05-2013 10:29 PM

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!

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*mrgrizz*
Community Member

on ‎09-05-2013 10:37 PM

oh this is the brag thread

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