/biz/ - Business & Finance

>>30036562
If you are Strayan, move to Perth.
It is not nearly as expensive as Sydney, Brisbane, Adelaide or Melbourne nowadays
and the city is fairly liveable, especially if you are a loner.

Index funds barely beat real inflation, don't bother.

Im also a Melbfag. Will buy a house with either Crypto gains, or Inheritance, whichever comes first.

Also, don't buy a house in Melbourne for $1M+ with a 22 year old girl, that would be the worst decision you make, and it would severely fuck up your finances for decades the moment it goes sour (it will)

>>30036731

I'm an Australian citizen, so yeah, I'm Australian. Although I was born in Europe and am an EU citizen (no interest in ever going back to that shit hole). Perth looks super comfy but it is soooo isolated. Also, I'd have to find new friends - kinda hard at age 29, no?

>>30036562
All of these cities have something in common...

>>30036737

Not with - I would buy it myself, but down the track if all goes well I assume she'd move in if we decide to have kids.

>>30036782
Chinks?

>>30036846
Ding Ding Ding!

>>30036811
It doesn't matter if you buy it yourself.

If you're together longer than 18 months shes considered defacto and legally has 50% share of the house, 75% share if you have kids together, even if this is all 100% in your name only.

Australia is extremely cucked in this manner. Defacto relationships are considered the same as marriage in the eyes of the law. They do this because people abused tax system, abused relationships and abused benefits, by living together but not getting married, so yeah, be very careful.

>>30036811
If you trust your parents consider having it in their name and doing your mortgage payments as "rent".

>>30036769
Well, you could try Port Lincoln, had a few relatives who retired there
It is pretty cozy.

I live a couple hours north of Melbourne and own a nice 3 bedroom place. Just do that if you want a house.

>>30036769
WA is awesome.

Road trips around the sw are amazing. But if not, why not look around Adelaide? Or some of the smaller towns in Victoria and NSW?

>>30036920

I've thought about this. I come from a broken family with a destructive single mother. Probably not the best idea. Also, I think it has superannuation (pension for non-Aussies) implications if you own more than one property.

>>30036891
Someone told me something similar but he was a bit of a retard so I kind of shrugged it off. Damn, that's brutal. This kind of changes everything. What if I buy the house but we don't live in it? Does she have claim to it then?

>>30036562
genuinely surprised at how many Melbournians lurk biz
also wtf there are places less affordable than Melb?

Dont let your missus move in with you and dont get married, that is the only thing I can say with full confidence. Western women are fucked, especially if you live in a city and not in fucking Bendigo.

do you still have money in crypto?

If you want something affordable, get a remote working job and just live in a large regional town.

The quality of life is superior, you get a standalone house, and a large sized block.

Fuck the overpriced Australian cities. The only thing people talk about being good in them is "culture" and night-life, both of which are a shit excuse for a personality once you're 30. Is it worth an extra $500k on your mortgage just to drink shitty coffee and overpriced beer?

>>30036846
It really is uncanny... if this shitty Internet meme chart is to be believed the most unaffordable cities really are those with huge Chinese populations and heavy foreign investment. Not London or Paris, not Dubai, not Tokyo or anywhere else. These fuckers really are manipulating the economy down to the housing market of other nations, squeezing their citizens, and no one cares.

>>30036891
DO they want Ausfailians to kill their (ex) wives? What the fuck is wrong with you cunts

never again I will invest in this shit that scammed everywhere on /biz/
just lost 25% of my purse
ty God I joined enq mining and alpha nodes bring nice earnings
but don’t trust this shill that they try to discuss here

>>30036891
absolutely insane lmao

>>30037353
I've spent time in regional australia. Places like Mildura and Renmark, as well as really small areas like Balranald. They seem like they are filled with the kind of people who populate the outer suburbs of cities; in other words, exactly the kind of people you pay money to avoid.

>>30037414
They want white men opting out of relationships so white women will be more willing to take big Asian cock. It's pretty based, ngl

>>30036891
Holy shitballs I thought we had it bad

>>30037535

You almost never see a white woman with a Chinese dude. Melbourne is a city of 4 - 5 million FULL of Chinese and I've yet to see a white (or any woman other than Chinese) with a Chinese male.

>No Tokyo
>No London
>No Dublin
>No Paris
>No Dubai
You sure about this chart?

>>30037898
In Sydney, a house that's fucking 25km from the city centre (1 hour drive) still costs atleast 900k AUD. Shitty apartments that are 1 bedroom costs 550k AUD (430k USD) in areas that are 5-10k from the city. It's a joke.

Doesn't help that Aussies are rich as fuck so they can dump all their money into property

>>30036562
What I find hilarious with these globo homo anglo countries is that you manage to have the biggest land surface on earth behind Russia (Canada, the US and Australia are straight up continents/semi continents), housing should be the cheapest in the first world.

>>30036891
Yea we have this in NZ also

>>30036562
All shitholes kek

>>30038102
>Doesn't help that Aussies are rich as fuck so they can dump all their money into property
Aussies (read: boomers) are rich as fuck because they own property. All these boomers bought houses for 50k and are now sitting on goldmines worth 1-2+ mil because the housing market has been inflated like made in the past 20 years because of the government importing rich chinks

>>30036562
Why isn't Tokyo on that list? Should rank way up there.

>>30037709
It's hard to do that if you don't go out of your room, anon.

>>30038489
Not just that, our salaries are huge. I make 95k AUD a year, and the equivalent US job would be 45k USD. I'm just an average Aussie as well. Plumbers make 150k here easily, Australia pays a lot and our currency is valuable due to our massive amounts of mining exports

>>30037476
Rural life is great.
The bored people there, not so much.

>>30036562
All the top cities are flooded with Chinese money.

>>30038687
>Not just that, our salaries are huge.
no, they're really shit for a lot of industries (namely, anything white collar). i make 97k per year, but should be on 150-200k or so.

it is good to be a tradie here though.

>>30038727
no jobs, and, because of that, most of rural aus is full of deadshits

>>30038622

house price to income ratio

>>30038873
>no, they're really shit for a lot of industries (namely, anything white collar). i make 97k per year, but should be on 150-200k or so.

Lmao. Have a look at European salaries, in fact have a look at every other country that isn't the USA.

My uncle in Greece makes 12000 Euro a year as a car mechanic.

Hong Kong has little space and most of the buildings are offices. I knew a guy working in a high position for a company in Hong Kong that lived in a hotel because he couldn't find an apartment. In the end he left.

>>30038988
oh true, if you're including shit like that

I am comparing it to English speaking developed countries (UK, Canada, USA) and other financial centres (Hong Kong, Singapore, Middle East, Caribbean etc) though

on top of that, we are heavily taxed

>>30038622
https://medium.com/land-buildings-identity-and-values/what-is-the-secret-to-tokyos-affordable-housing-266283531012
.

>>30038988
>Greece
Isn't he fucking lucky he still have a steady job in this environment there?

>>30036891
Holy shit I thought America was fucked

>>30037175
bendigo reporting in

>>30036562
>all cities with a shitload of Chinks

>>30037476
Well Mildura and Renmark aren't exactly nice places to begin with.

Wealthy regional towns are the best. Large enough to replicate all the useful city services, but not so big that they suffer from urban sprawl. And not destitute in employment that they're just full of petty criminals and run down houses.

>>30036562
What are they using as the basis definition of "home?" Is it consistent between cities? ie. Do they define a "home" to be 1500sq feet, detached, 2 bed, 2 bath, 4000 sq feet lot? Or do they just pull "average house price" as reported by the city?

>>30039223
I guess. Still an Aussie mechanic would pull in 4-5x that

>>30036769
>I'm an Australian citizen, so yeah, I'm Australian.
lol kys the europe isn't one place so kys again you diasporic cunt

>>30039458
Aussie politicians aren't as retarded, corrupted and inbred as Greece politicians are no matter how much crap you wanted to sling at them.
Their country are fucked before covid, extremely fucked right now with no tourism and is projected to be even more fucked after vaccines have been rolled out fully because most of the big spenders never going to return due to the change in branding and taste.

>>30039456
Likely a residential lot.

>>30036562
Move away.

>>30039542

>>>/pol/

>>30036562
I live in Toronto (I took this pic a couple seconds ago so I’m not larping lol).
I just invested in 2 a bedroom condo uptown. It’ll wasnt that expensive. I don’t understand why people are going apeshit over houses. I think condos and apartments are more accessible to first time buyers and are way easier to rent out, plus the maintenance is nowhere as a headache inducing as owning a house.

>>30039671

I can't. My dream is to live in Texas or Florida. But it's so difficult to relocate to the USA (unless youre a mexican I guess?). Australia has draconian lockdown laws - the government can lock us down at the drop of a feather and we literally can't do shit about it. You can't even leave the country. Even then, my only other option is Europe where I hold an EU citizenship and I fucking hate Europe and Europeans. Also, there's no way I'm living in the country and smoke ice all day with some bogans

lol check how this idiotic genius tries to have some cash from these homeless guys

>>30038207
95% of the continent is uninhabitable but I do agree to some extent. Almost half the population lives in two cities and most of the rest across three other cities. Australia's coastline is glorious. Beautiful beaches abound. But the network effects make it more or less impossible to make it outside of a metropolis. Perhaps in a couple of generations that will all change via remote working.

Get your stats checked mate.
Housing in major us, can and aus cities are actually very affordable when you compare with asian cities, especially china (the big 4 cities, beijing, shanghai, guangzhou, shenzheng.
For an average chinese household, you need the wallets of 6 people (partners and both of their parents) to pay off the down payment of a property in major cities. The housing price is beyond fucked in china for the young and poor.

>>30039797
>there's no way I'm living in the country
Well guess you are fucked then. Have fun eating the bugs.

>>30036562
Have you considered Geelong? Still decent prices and not that big of a commute.

>>30039883

link the sauce? is it house price to income ratio?

>tfw melbfag
Even if I 20x my 100k, I'll still have to wage away

>>30039899
>decent prices
not since March last year. We're full of Melbournians now.
>t. geelong

>>30040038
https://www.numbeo.com/property-investment/rankings.jsp?title=2021&displayColumn=0

I literally just googled and this is the first result. I can't confirm the accuracy of this. But i can know this:

i am 26 yo, my annual income is around 90k aud, and an 2 bedroom apartment i just bought in sydney costs 850k.

my friend is living in shanghai, he makes about 200k RMB which is equivalent to 40k-50k aud ( which is well above the average income for a 26ol in shanghai), and he is having trouble to purchase a old one bedroom apartment that is far away from the city centre (where he works). The old apartment costs almost 6 million RMB which is 1.5 million aud.

>>30040433

>>30039625
Your politicians are the same breed of feminist whitehating marxists. Wake the fuck up retard

>>30036891
Hehe femanon here and you’ve given me a good idea.

>>30036891
I guess there are many breakups after 17 months then? Lol why even bother girlfriends I'd probably just bang hookers instead unless I can get a rich gf who doesn't have financial interests

>>30036891
holy shit what the fuck

>>30036562
Anon, you need to get out of your head that 30 year mortgages are currently 'bad'. You can have a 500k asset for a deposit of 50k, this is known as 'leverage'. I pay 1.2% on my mortgage (uk fag but gf is aussie), on a 1mil AUD property, I put down 50k and I rent the other rooms for 650 (cheap but rona at the mo). I pay zero mortgage plus pay off a chuck every month plus accrue capital gains. I suggets you ride the coattails of the boomers quickly as there are hundreds of salty zoomers tryin to make you poor by shouting 'muh housing crash'. It likely wont happen, real assets will continue to rise, if it does happen you take crypto gains and buy more cheap.

>>30036769
lol you are not australian just because you have citizenship

>>30040571
>the annotations
is this the ancient Ben Garrison comic?

>>30036562
Invest in Bitcoin, Ethereum, Cardano, MOVE OUT OF THE FUCKING CITY.

>>30042973
this^. anyone who says it's better to rent and pay a landlords mortgage than to own and pay your own mortgage is unironically a fucking faggot nigger jew who needs to die for the good of all humanity.

Toronto here, same shit. A shitty house in a semi decent area costs like 1.5mill. Condos that aren’t tiny? 1m+... everything 2 hour commute away is super inflated like 800-900k for a shitty small townhouse. Condo developers asking for 1600$/sqft

Me and my partner have a household income of $200k and a down payment of $240k but still don’t qualify for anything decent relative to 3 years ago. Feels like prices are rising 10% in the months since we started looking month over month

>>30039795
That’s not downtown. Looks like the shittiest part of North york

>>30037898
>>No Dublin
It's a shithole
t. patty

syd fag
house 1 = 3M
house 2 = 3.7 M
house 3 = 3M

debt = about 2M

the price is only going up.

Imagine living in a city
You will not survive the collapse

>>30037390
financial terrorism (state-sponsored sanctions by the jewish west) are the new way to wage war. it wouldn't surprise me if chinks were doing the same, if this wasn't chink money flowing through chink operatives who exist only to ruin western population hubs.

>>30039883
Lmao, checked europe. Poland listed 5 times in top 20. I guess i'm ngmi

>>30039797
Fuck off, we're full.

>>30036731
Housing here in Perth is also fucking expensive anon. That is if u want to live anywhere decent (north of the river and west of the freeway) your looking at 700k. It's also boring as fuck and full of faggot boomers. I can't wait to leave

>>30038873
Agreed desu, unskilled work pays too much here. I currently earn $33 an hour working at Bunnings (hardware store). Yesterday on public holiday I was on $75 ph, insane. It's literally so easy apart from holding your breath while serving pajeets. Kinda crazy to think europoors work full-time graduate jobs and make fuck all. While i am making more than them while at uni