Sydney is not as un-affordable?

Discussion in 'Property Market Economics' started by Noobieboy, 2nd Feb, 2019.

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Sydney is affordable?

  1. Very affordable

    6 vote(s)
    7.0%
  2. Somewhat affordable

    16 vote(s)
    18.6%
  3. Neither

    5 vote(s)
    5.8%
  4. Somewhat unaffordable

    21 vote(s)
    24.4%
  5. Very unaffordable

    38 vote(s)
    44.2%
  1. Sackie

    Sackie Well-Known Member

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    They can afford a cheaper place in Syd. Doesn't have to be 1 mil. I personally dont believe young ones just starting out should be able to afford a 1mil place . That's where the entitlement comes in for those who think they should be able to.

    Tbh i dont think anyone deserves a 1 mil place if they haven't put themselves in a position to be able to buy it. Pleeeenty of other options.
     
    Illusivedreams likes this.
  2. virgo

    virgo Well-Known Member

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    Posts:
    441
    Location:
    Sydney
    Exactly! I was agreeing with SackWiggle's post above...

    The boy plans to specialise in GP (General Practioner)..average pay would be 300K (you are right..StandTall above)...BUT ..and here is the great wealth leveller in this country...

    ---TAX will decimate him...

    (So much for the long, hard slog...did i say long, hard slog again? with continuous exams ...burnt weekends...stress levels)
     
  3. Sackie

    Sackie Well-Known Member

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    18th Jun, 2015
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    Location:
    Vaucluse, Sydney.

    I'd never do medicine if I wanted to have a comfortable life and earn great bang for buck. I totally agree with you that the remuneration for study and commitment involved in many cases is peanuts .

    I have friends who are 4th year RNs , muuuuuch less study and responsibility and they are on 180-200k gross including overtime . They all invest heavily in real estate too and in terms of bang for buck, kicking ass to the DRs unless they are consultants in the best paid areas. But then the amount of study involved for that makes the bang for buck factor much less again.

    Should also add have many friends who are Drs and alot of them tell me its not worth it from a financial perspective . Only few of them invest because they are too busy studying which never seems to end.
     
    Last edited: 21st Feb, 2019
  4. virgo

    virgo Well-Known Member

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    Sydney

    RN is registered nurse i assume? i did not know RN earns 180-200K??? are you kidding???:eek: or telling porkies????
     
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  5. Sackie

    Sackie Well-Known Member

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    Location:
    Vaucluse, Sydney.
    Not telling porkies and certainly can't eat porkies.

    Most ppl have no idea. When you include overtime, penalty rates etc , a 4th year can earn 180 gross. Ignore the base pay. Don't get me wrong, hours are long but for the amount of responsibility ( average) and study most do ( 2 to 3 years), plus the job security. Its very attractive for many, especially if you know what areas to get in to. It essentially becomes a business.
     
    Last edited: 21st Feb, 2019
    Eric Wu likes this.
  6. JamesP

    JamesP Well-Known Member

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    19th Jun, 2015
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    166
    Location:
    Melbourne
    Disagree. I think people who need to work in the city full time shouldn't be pushed 40-50km out from their workplace on top of the terrible traffic network. For the sake of investing and especially for the sake of foreign investment. Nor have to live in a <50sqm dogbox.

    Complaining young people who are looking to make quick money and jump on the bandwagon last minute however is a different story. Especially when they're more or less just whinging about not being astute and missing out.
     
    Last edited: 21st Feb, 2019
  7. Sackie

    Sackie Well-Known Member

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    Location:
    Vaucluse, Sydney.

    This is not the case at all.
     
  8. Noobieboy

    Noobieboy Well-Known Member

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    I think the biggest problem with Sydney is the concentration of jobs around Sydney CBD. Sydney CBD alone generate 24.4% of national GDP. That is way to concentrated as far as I am concerned!
     
  9. Noobieboy

    Noobieboy Well-Known Member

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    Point to the case

    Tap Ons.jpg
     
  10. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    2,407
    Location:
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    Interesting. Noobieboy, what exactly does this heat map represent? I can tell it is wealth or GDP etc, but can you clarify?
     
  11. Someguy

    Someguy Well-Known Member

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    11th Oct, 2017
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    520
    Location:
    Sydney
    Looks like a train line traffic map to me..

    No doubt I am wrong
     
  12. Angel

    Angel Well-Known Member

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    19th Jun, 2015
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    Paradise, Brisbane
    Can the graduate doctor and his nurse wife work in any of the hundreds of hospitals around the state or country that are not in the Sydney CBD? I didnt even know there was a hospital in the CBD.
     
  13. Noobieboy

    Noobieboy Well-Known Member

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    That’s destinations of work for people in Greater Sydney. As you can see most of them end up in Sydney CBD.