Listening to a round table discussion on property last night on the ABC radio in Bris.
Three generations of Australian women talked about their views on property prices in Brisbane presently, my thoughts in brackets.
Hellen Johnson 99yrs old:
* Earned 11 quid/fortnight in the education department in 1946, which was a very good salary for a women then. Had to resign from the job when you had a child. (I like collecting such stats on earnings)
* Bought a house with husband in 1946 for 1000 quid. They funded this with savings of a few hundred pounds and help from their family and a war commission loan.
* They didn't expect their house would be an investment.
* No such thing as 'modern housing finance' back in 1946.
* No furniture, No car, no dishwasher no built in wardrobes and ensuite. Hellen used to ride a bicycle everywhere for the first few years, expectations are much higher today than they were then.
Jan Rose: SKI Baby Boomer:
* In 1969 bought a house in Upper Mt Gravatt (nice) for 18k, 4 bedroom.
* Used an 11k deposit with a 33yr loan.
* All payments were done monthly, no options for fortnightly payment.
* Despairs at how her daughter will ever be able to afford a home, the children won't inherit money as she is a SKI boomer.
* Daughter is 21 and wants to live <6k from the Sydney CBD as she likes the lifestyle. (lol.. choices.. choices..)
* Noted that if her children wanted to live in Toowoomba instead of CBD Brisbane or Sydney then they could possibly afford a house. (Expectations have to budge when reality doesn't)
Emily Ford: Gen Y
* Early 20's, recently married with a baby on the way.
* Recently purchased (4 months ago I think) in Brisbane for 330-350, had to raise the budget as they couldn't find anything cheaper. Since they have purchased prices in the street/area have gone up 30k or so (go mini boom go!)
* Now or never was the idea for purchasing, as prices are moving so quickly.
* Very tough for people looking to buy a home today. (Sigh... Visit the history section of your library for a read and then tell me how tough you have it today.)
* Her same age friends had very high expectations of housing, looking for the 'perfect house' and a lot weren't prepared to compromise. Emily and her husband bought a house that needed a small bit of work, but nothing major.
* general consensus view that their is indeed a housing crisis today and something needs to be done as it's a basic human right that people should own their own home.
That's it!
Three generations of Australian women talked about their views on property prices in Brisbane presently, my thoughts in brackets.
Hellen Johnson 99yrs old:
* Earned 11 quid/fortnight in the education department in 1946, which was a very good salary for a women then. Had to resign from the job when you had a child. (I like collecting such stats on earnings)
* Bought a house with husband in 1946 for 1000 quid. They funded this with savings of a few hundred pounds and help from their family and a war commission loan.
* They didn't expect their house would be an investment.
* No such thing as 'modern housing finance' back in 1946.
* No furniture, No car, no dishwasher no built in wardrobes and ensuite. Hellen used to ride a bicycle everywhere for the first few years, expectations are much higher today than they were then.
Jan Rose: SKI Baby Boomer:
* In 1969 bought a house in Upper Mt Gravatt (nice) for 18k, 4 bedroom.
* Used an 11k deposit with a 33yr loan.
* All payments were done monthly, no options for fortnightly payment.
* Despairs at how her daughter will ever be able to afford a home, the children won't inherit money as she is a SKI boomer.
* Daughter is 21 and wants to live <6k from the Sydney CBD as she likes the lifestyle. (lol.. choices.. choices..)
* Noted that if her children wanted to live in Toowoomba instead of CBD Brisbane or Sydney then they could possibly afford a house. (Expectations have to budge when reality doesn't)
Emily Ford: Gen Y
* Early 20's, recently married with a baby on the way.
* Recently purchased (4 months ago I think) in Brisbane for 330-350, had to raise the budget as they couldn't find anything cheaper. Since they have purchased prices in the street/area have gone up 30k or so (go mini boom go!)
* Now or never was the idea for purchasing, as prices are moving so quickly.
* Very tough for people looking to buy a home today. (Sigh... Visit the history section of your library for a read and then tell me how tough you have it today.)
* Her same age friends had very high expectations of housing, looking for the 'perfect house' and a lot weren't prepared to compromise. Emily and her husband bought a house that needed a small bit of work, but nothing major.
* general consensus view that their is indeed a housing crisis today and something needs to be done as it's a basic human right that people should own their own home.
That's it!