Housing affordability - London

Discussion in 'Property Market Economics' started by wombat777, 29th Apr, 2017.

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  1. wombat777

    wombat777 Well-Known Member Premium Member

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  2. Gockie

    Gockie Unicyclist Premium Member

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    "Subscribe to read"
     
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  3. wombat777

    wombat777 Well-Known Member Premium Member

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    Sorry. It was linked via my FB.

    Here is an extracts:

    Yet how expensive is too expensive? Here at the FT, we have mapped the UK capital to show how affordable London boroughs are for first-time buyers. For a person in their twenties who earns the median income, the prospect of affording a place of their own is daunting. In parts of the capital, homes for first-time buyers might be 20, 30 or even more than 40 times their salary.

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    ( for full article google the title ... "london housing has become too hot for young buyers" )
     
  4. Cimbom

    Cimbom Well-Known Member

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    The average price in London is about 800k AUD for apartments or $1.1 million for a semi/terrace house. The overall average is $1 million AUD
     
    Last edited: 29th Apr, 2017
  5. sash

    sash Well-Known Member

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    Actually you can still buy a flat for under 600k...in some less desirable areas ...it will take you about 30 min to get to the key city stations..
     
  6. Cimbom

    Cimbom Well-Known Member

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    Yep, that's just the average. In Sydney it's 700k for units so it makes London look like good value :p