OZ property - rent, lease of buy

[ZorrorroZ]

Daily searches thru realestate.com.au is getting me apprehensive... the prices of houses in Perth are astronomical. I think I would be able to only afford an apartment at the beginning. I have scouted out some schools for my kids - and need to find housing in their catchment areas in order to secure places for them. There are only sporadic units of rentals available, and they range between $400-$800 a week, in the area I am interested. Looks like a large budget from the salary must be kept aside for housing.

What are the typical utilities bills and other payments on top of rentals that one has to consider when renting a place?

 

[Ash007]

That is the dilemma I'm facing now. $450/week for a 2 bedroom unit that is 10-20 years old or pay a bit more per month and get a 4 bedroom double storey house in the outer suburb. Mind you, over here, a 2 bedroom unit cost more then one in the outer suburb as well. It is the exact reason of a "good" school that prices in these areas are rising and parents are willing to fork out the high amount of cash to have their kids in them. Hence, one of the reason for the two income trap.

Daily searches thru realestate.com.au is getting me apprehensive... the prices of houses in Perth are astronomical. I think I would be able to only afford an apartment at the beginning. I have scouted out some schools for my kids - and need to find housing in their catchment areas in order to secure places for them. There are only sporadic units of rentals available, and they range between $400-$800 a week, in the area I am interested. Looks like a large budget from the salary must be kept aside for housing.

What are the typical utilities bills and other payments on top of rentals that one has to consider when renting a place?

 

[ZorrorroZ]

That is the dilemma I'm facing now. $450/week for a 2 bedroom unit that is 10-20 years old or pay a bit more per month and get a 4 bedroom double storey house in the outer suburb. Mind you, over here, a 2 bedroom unit cost more then one in the outer suburb as well. It is the exact reason of a "good" school that prices in these areas are rising and parents are willing to fork out the high amount of cash to have their kids in them. Hence, one of the reason for the two income trap.

talking about that - are we allowed to move out once the school is secured? I mean, if we get a rental apartment temporarily in the suburb to secure a place in the school and then move out to a cheaper suburb further away - will there be any issues (other than the longer commute)?

 

[Ash007]

Not sure, I think neddy or axe maybe able to answer that question. If its a private school then its not an issue how far they commute. If its public, I think it depends on where the family stays.

talking about that - are we allowed to move out once the school is secured? I mean, if we get a rental apartment temporarily in the suburb to secure a place in the school and then move out to a cheaper suburb further away - will there be any issues (other than the longer commute)?

 

[kingat33]

talking about that - are we allowed to move out once the school is secured? I mean, if we get a rental apartment temporarily in the suburb to secure a place in the school and then move out to a cheaper suburb further away - will there be any issues (other than the longer commute)?

Once ur in the school, u can move anywhere u want.

 

[axe168]

In registering a popular school, you have to show your evidence of residency and your period of stay. Of course, the loop hole - they never bother to conduct a regular check. This is the same when applying for a home loan. Stringent check prior application, once it is approved and loan kicks in, these bank don't bother anymore.. I hope this helps !

talking about that - are we allowed to move out once the school is secured? I mean, if we get a rental apartment temporarily in the suburb to secure a place in the school and then move out to a cheaper suburb further away - will there be any issues (other than the longer commute)?

 

[axe168]

Properties with good schools come with a good price. Besides the education, it also comes with better security, good neighbours and good mummies.

I remembered when we moved in, my wife demanded all windows to install windows grilles ! I drove her around and explained to her patiently these suburbs do not install window grilles - we do not want to live like a prison cell i.e. Singapore ! To strike a balance, we agreed to install sensor alarm. We have 8 external doors (including garage door), all protected.

That is the dilemma I'm facing now. $450/week for a 2 bedroom unit that is 10-20 years old or pay a bit more per month and get a 4 bedroom double storey house in the outer suburb. Mind you, over here, a 2 bedroom unit cost more then one in the outer suburb as well. It is the exact reason of a "good" school that prices in these areas are rising and parents are willing to fork out the high amount of cash to have their kids in them. Hence, one of the reason for the two income trap.

 

[ZorrorroZ]

thanks for the tips about the schools, bros! Will be planning carefully then!

 

[axe168]

Your statements are just the same with Aussie Prick. Nothing new. I remembered in the previous quote, you have mentioned the world is coming to the end ?? Despite all your crying and shouting, I'd bought a property in Melbourne 2009, and enjoyed a mini boom. My property has exceeded well above expectation (20-30%) and I can hear some still whispering the property is likely to collapse. Gimme a break !

If you can hear the stock market roaring for 3-6mths, what do you think the property market will react ?
- ASX will jump above 5500pts within 1.5yrs
- AUD/USD will exceed 1.15 by end 2012
- AUD/SGD will reach 1.40 by end 2012

Of course when it reach 1.45, it is time for me to relocate ;-)

I do not buy the shortage of stocks myth as I have personally came across a few individuals holding many properties and some companies having hundreds of properties in their portfolio. Many of these properties are vacant or empty blocks. They bought it for tax purposes and this shortage of stock myth must be exposed. Look at the vast land size in NSW and even in Sydney alone, there are plenty of empty lands and developers are afraid of building more for fear of not having demand. This goes to show the truth is there are less demand than supply. Banks are also holding on to many distressed properties and will be a matter of time before they released it. The stamp duty exemption for first home buyer have expired and now, demand for property have almost collapse from first home buyers. Investors are shying away from this buyer market as they know it will be a matter of time before steve keen prediction comes true. Media and RP data are having vested interest in this property spruiking game so pls do discount their comments. The truth is easy to see, just look at the auction results and lo and behold, it is at a historical low clearance rate of 50% with many agents not reporting it. Next look at the sold prices at realestate.com.au, many agents do not even put it down anymore. Why? becos the actual sold price is much lower than what the vendor wants and they are censoring it for fear of causing a panic selling scenario. Conclusion: property spruikers are running out of ideals and are panicking. Aussie banks knows it and as the bulk of their revenue which comes from giving out home loans which has been on the decline, aussie banks are retrenching staffs on a massive scale. Why do that if property market is good and there are demand for home loans? Food for thoughts izzit it?

 

[neddy]

talking about that - are we allowed to move out once the school is secured? I mean, if we get a rental apartment temporarily in the suburb to secure a place in the school and then move out to a cheaper suburb further away - will there be any issues (other than the longer commute)?

I do not have updated info on this.


You wrote ...... "Are we allowed"?

Are you kidding? This is Australia. No one will stop you moving and there is no need to change school just because you move. It is pretty stressful for the kids because Perth people on average would have moved house once during the kid's education.

People move into the suburb of the good school in Perth because there is this automatic enrolment into a school in that local area (high priority). I have heard of school accepting enrolment of siblings even if they have move elsewhere.

But it is better to check when visiting the school for enrolment.

Schools usually do not bother with checks. Again, I may be wrong. Because I only talk to parents, not principal.

 

[kingat33]

Your statements are just the same with Aussie Prick. Nothing new. I remembered in the previous quote, you have mentioned the world is coming to the end ?? Despite all your crying and shouting, I'd bought a property in Melbourne 2009, and enjoyed a mini boom. My property has exceeded well above expectation (20-30%) and I can hear some still whispering the property is likely to collapse. Gimme a break !

If you can hear the stock market roaring for 3-6mths, what do you think the property market will react ?
- ASX will jump above 5500pts within 1.5yrs
- AUD/USD will exceed 1.15 by end 2012
- AUD/SGD will reach 1.40 by end 2012

Of course when it reach 1.45, it is time for me to relocate ;-)

Dun talk cock....since when I mentioned the world is coming to an end or are u having dementia? if you are having dementia, do urself and ur family a favour by checking in a nursing home if u are truly living in OZ. Hope this help and dun take it personally mate or u can meet me in sydney for a showdown if ur not happy with my response. Cheers dude or should I say idiot!

 

[neddy]

That is the dilemma I'm facing now. $450/week for a 2 bedroom unit that is 10-20 years old or pay a bit more per month and get a 4 bedroom double storey house in the outer suburb. Mind you, over here, a 2 bedroom unit cost more then one in the outer suburb as well. It is the exact reason of a "good" school that prices in these areas are rising and parents are willing to fork out the high amount of cash to have their kids in them. Hence, one of the reason for the two income trap.

Classic case of scarcity.

How are the schools in the outer suburb?

Some "good" schools also turn "bad", stopped offering uni entry exams or stop Year 11/12 courses.

I know of people who use the public system until Year 7 and then switch over to private school. Kids need a lot of support. It is not giving them the best but the life skills to be a good person. (Hope I am not preaching) If the kids accept discipline, it is a good start.

I have asian friends who do not allow their kids to go parties, sleepovers, etc. One even went to the extent of not allowing the kids to mix with angmos because angmos got "no money".

I know of this Singapore-borned Canadian who home-school the kids. It is not an extreme option. She quits her job after deciding that her kids are more important to her than the job.

Good luck in your decision making.

 

[Ash007]

Good, new suburb with a lot of "professional" couples, family in it. The school only accept kids that stays in there. Kids needs support, and schools are not the only way they can get it. I know of kids going to expensive private school becoming drug dealers in the end. Just look at the kids of Bert Newton and Ita buttrose.

Classic case of scarcity.

How are the schools in the outer suburb?

Some "good" schools also turn "bad", stopped offering uni entry exams or stop Year 11/12 courses.

I know of people who use the public system until Year 7 and then switch over to private school. Kids need a lot of support. It is not giving them the best but the life skills to be a good person. (Hope I am not preaching) If the kids accept discipline, it is a good start.

I have asian friends who do not allow their kids to go parties, sleepovers, etc. One even went to the extent of not allowing the kids to mix with angmos because angmos got "no money".

I know of this Singapore-borned Canadian who home-school the kids. It is not an extreme option. She quits her job after deciding that her kids are more important to her than the job.

Good luck in your decision making.

 

[axe168]

Dude, some (or most) schools have before or after care service.. I must say verrrrryyyyy useful !! If you are unable to pick up your kids, they can walk to the day care... finally when you finish work, you'll pick them up.

Good, new suburb with a lot of "professional" couples, family in it. The school only accept kids that stays in there. Kids needs support, and schools are not the only way they can get it. I know of kids going to expensive private school becoming drug dealers in the end. Just look at the kids of Bert Newton and Ita buttrose.

 

[The_Hypocrite]

That is the dilemma I'm facing now. $450/week for a 2 bedroom unit that is 10-20 years old or pay a bit more per month and get a 4 bedroom double storey house in the outer suburb. Mind you, over here, a 2 bedroom unit cost more then one in the outer suburb as well. It is the exact reason of a "good" school that prices in these areas are rising and parents are willing to fork out the high amount of cash to have their kids in them. Hence, one of the reason for the two income trap.

There are places in Perth with cheaper rental. But if u want good schools good location etc, its bound to be expensive. Same as Singapore, same as most places in the world. No point complaining...its like saying I want to buy BMW, but its expensive...

If you are willing, there are 'ok' suburbs with houses below 400k...why dont u go for them? cheaper than paying rent......its a buyers market in perth...

 

[Ash007]

Dude, some (or most) schools have before or after care service.. I must say verrrrryyyyy useful !! If you are unable to pick up your kids, they can walk to the day care... finally when you finish work, you'll pick them up.

Childcare around the corner from the school.

There are places in Perth with cheaper rental. But if u want good schools good location etc, its bound to be expensive. Same as Singapore, same as most places in the world. No point complaining...its like saying I want to buy BMW, but its expensive...

If you are willing, there are 'ok' suburbs with houses below 400k...why dont u go for them? cheaper than paying rent......its a sellers market in perth...

I'm not in Perth.

 

[axe168]

Choose b4 care & after care within the school compound, dude.. for safety reasons..

Childcare around the corner from the school.



I'm not in Perth.

 

[neddy]

Good, new suburb with a lot of "professional" couples, family in it. The school only accept kids that stays in there. Kids needs support, and schools are not the only way they can get it. I know of kids going to expensive private school becoming drug dealers in the end. Just look at the kids of Bert Newton and Ita buttrose.

Personally, I do not like the way Aussie experiments with new parenting/education techniques. There was an experiment in Australia some time back not to teach grammar. The results were horrifying.

Eg

I will not allow kids to use computers if possible.



Kids are not your friends. There is a need to be firm with kids. My Italian builder breed dogs. They are no different from training humans, he says.

The sexy new techniques of parenting often do not work, esp from this ex-nurse I know who never had kids but advise parents as a consultant.

Build discipline in kids by letting them learn a musical instrument.

This article is worth reading > http://www.atimes.com/atimes/Global_Economy/NA31Dj01.html

How America made its children crazy
American children do not read; they surf. They do not write; they text. And when they fail to concentrate, we prescribe drugs that only harm them - drugs can't be found in pharmacies in China, where perseverance and classical music are the order of the day. If China replaces the US as the pre-eminent world power, America will only have itself to blame for handing kids over to quacks and computers.

 

[Ash007]

Indeed, I have the same thoughts as well. Its not the "expensive" private schools that is important but what you teaches it at home that is. Aussie schools are not all bad. As long as its not in a too bad neighborhood the rest can be taught at home which is more important. I think most parents are just plain lazy preferring to defer their kids education to the school rather then take the responsibility at home.

I'm learning the piano now, next time I'll train my kids how to play it.

Personally, I do not like the way Aussie experiments with new parenting/education techniques. There was an experiment in Australia some time back not to teach grammar. The results were horrifying.

Eg

I will not allow kids to use computers if possible.



Kids are not your friends. There is a need to be firm with kids. My Italian builder breed dogs. They are no different from training humans, he says.

The sexy new techniques of parenting often do not work, esp from this ex-nurse I know who never had kids but advise parents as a consultant.

Build discipline in kids by letting them learn a musical instrument.

This article is worth reading > http://www.atimes.com/atimes/Global_Economy/NA31Dj01.html

How America made its children crazy
American children do not read; they surf. They do not write; they text. And when they fail to concentrate, we prescribe drugs that only harm them - drugs can't be found in pharmacies in China, where perseverance and classical music are the order of the day. If China replaces the US as the pre-eminent world power, America will only have itself to blame for handing kids over to quacks and computers.

 

[axe168]

Yo, we are the creme-de-la-creme ex-singaporens.. must produce off springs to beat all the Chow Ang Mos lah! Show them what our Asian blood can do :-) My son did well in school too - I think top 3 in class.. If he continues to do well esp in year 6, he will be eligible for scholarship. In Australia, pte schools represent well behaviour, well groomed, well written and well manner..

If Singapore can give away freely the scholarship to Chinamen.. We can apply for it in Australia ! Australia is such a wonderful country !

Indeed, I have the same thoughts as well. Its not the "expensive" private schools that is important but what you teaches it at home that is. Aussie schools are not all bad. As long as its not in a too bad neighborhood the rest can be taught at home which is more important. I think most parents are just plain lazy preferring to defer their kids education to the school rather then take the responsibility at home.

I'm learning the piano now, next time I'll train my kids how to play it.