Neg gearing - Gone?, page-281

First 281 Last

Share
Profile

Follow
KangarooJack

654 Posts.

11/12/14

11:39

Post #: 14444400
Share

Originally posted by Chrysalis ↑

Kingsford isn't a particularly nice area, but it is reasonably close to the city centre where her husband works and close to the public hospital where my niece had a fellowship at that time.Her husband works as a stockbroker, so no alternatives in the country and same went, at the time, for his wife furthering her career, although now she could utilise her occupation anywhere she chooses as it is in demand in large regional centres or cities.

A million was probably the cheapest you could pay for a house about then in the Eastern suburbs. They had also looked at Maroubra, a bit further out and I think Burwood, which they felt would be too far. We tried to get them to consider the Northern Beaches where you get much more for the same outlay and people are more laid back, but again the traveling is pretty stressful from here to the city and has been getting worse over time. I used to do it, but wouldn't want to now as more people get packed into Sydney. We still don't have a train line and there are only two points of access in and out of the area with a population around a qtr. million which is probably why it remains one of the more affordable areas, but with a nice quality of life if you can get work in the immediate area.

Regarding previous generations, some had it good. My great grandfather retired to Point Piper from his home in Central West NSW (that'd be worth mega bucks these days), although he was born on the goldfields at Mount Blackwood in Victoria where his father must have got his early capital after arriving as a free settler in 1852, before establishing a prosperous tannery in Melbourne, as too had other members of his family in England where they too had done very nicely.

Housing and land were dirt cheap back in the day. Rent was cheaper than bread at one time in Sydney's slums.

Expand

Hi Chrysalis,

You write well and I enjoyed reading your post.

I don't think they had "no other choice", it definitely sounds like a lifestyle option? Did they look around Malabar/Eastlakes? - close to Kingsford (between there and Maroubra) though not as nice. Randwick I think would be around that price range (and area) also? - Though the area has very old style houses.
1 Upvote

Reply

Top Stories

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

WGX

Westgold sets its sights on top five producer status through merger with Karora

GRX

GreenX picks up prospective copper project in Germany

There are more pages in this discussion • 10 more messages in this thread...

First 281 Last

Neg gearing - Gone?, page-281

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Featured News

Featured News

Neg gearing - Gone?, page-281

Top Stories

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Featured News

Featured News