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Post by John on Aug 28, 2013 14:48:48 GMT -5
I was reading the thread on the Welsh Miners site about the Bowen basin, and went to the newspaper link that blaen boy posted....I did a search for Moronbah real estate...GOOD GRIEF, the article was right, houses that only very wealthy folks can afford, and just what I'd have classed as basic working class houses! Check these prices out!! Just make sure you don't have a mouthful of your favourite beverage though!!! Real Estate Moronbah
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Post by dazbt on Aug 28, 2013 16:14:36 GMT -5
I was reading the thread on the Welsh Miners site about the Bowen basin, and went to the newspaper link that blaen boy posted....I did a search for Moronbah real estate...GOOD GRIEF, the article was right, houses that only very wealthy folks can afford, and just what I'd have classed as basic working class houses! Check these prices out!! Just make sure you don't have a mouthful of your favourite beverage though!!! Real Estate Moronbah Those house prices don't seem all that extreme compared to UK prices. South Yorkshire house prices are historically among this country's lowest and I would think you'd be lucky to get a new 4 bedroomed house at a price a great deal lower than some of those. Around here there are two bedroomed middle terrace houses in good condition but built over 100 years ago that are selling for the equivalent of Au$2,250. It might not be quite as 'glorious' now as the 2012 newspaper relates, here's a link to a newspaper report a bit more recent; www.dailymercury.com.au/news/slump-slaps-moranbah-mining-job-cuts/1926253/there are some very confusing and contradictory reports coming out of Aus. relating to the last years dramatic drop in world coal prices and how it has adversely or not, affected the country's mining and related industries. '
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Post by John on Aug 28, 2013 16:36:55 GMT -5
They are very high prices for rural towns in Oz Daz, and what you pay for a small house in the UK would get you a large house on acreage here stateside. Like anywhere, house prices can vary a great deal, but on the whole Australia wise, rural towns have always been reasonable in house prices...Sydney, Melbourne and the likes, expect high prices... I would have expected some of those houses to be in the $80,000 to $100,000 mark under normal circumstances.. I'm going by normal inflation rates from when I left, we paid $40,000 for a fixer upper on around five acres in 1985 on the outskirts of a rural town, I'd expect the same to be around $70-$75 thousand today. We paid about $300 an acre around the same time for a 40 acre piece of land in rural Victoria with aims of retiring there... My observation has been Oz and US house prices have roughly been the same..
I nearly fell off my chair when I saw the real estate ads with those prices!!
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Post by tygwyn on Aug 29, 2013 17:48:02 GMT -5
What type of land was that in Victoria for $300 in 1985 John?and what was the exchange rate then,Roughly,as that seems dirt cheap .
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Post by John on Aug 29, 2013 17:59:01 GMT -5
It had some decent flat land, but mostly on a hill, three old gold mines were on it as it was in an old gold mining area of Victoria. I forget the exchange rate back then as I only dealt in Australian dollars.
Land around where I live is reasonable, from $1000 to 1500 an acre on larger pieces of land, I think we paid $800 an acre when we bought this land almost 14 years back now.
I thought I'd have a look at house prices in and around Bathurst NSW where we used to live up until 1989 and I see house prices have increased by a lot since we left, never realised houses could cost that much over the 24 years since we left. Unbelievable!!
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