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Old 01-29-2014, 05:47 PM
 
Location: Melbourne, Australia
9,556 posts, read 20,786,339 times
Reputation: 2833

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Perth is expensive. The average house price is about AUD $600,000 (a bit more than half a million US right now). 12 km south of the CBD you can buy a house like this:

3/6 Bowler Place Bull Creek WA 6149 - Villa for Sale #115476907 - realestate.com.au

As you can see below most properties are more expensive:

Real Estate & Property For Sale*in Bull Creek, WA 6149 (Page 1) - realestate.com.au
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Old 01-29-2014, 05:50 PM
 
Location: southern california
61,288 posts, read 87,384,526 times
Reputation: 55562
not much but if you sit on it when they start yelling the sky is falling which will hapeen in the not too distant future, you can get several.
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Old 01-29-2014, 06:24 PM
 
Location: Finland
6,418 posts, read 7,244,561 times
Reputation: 10435
Here's a couple from my town

Myynnissä - Omakotitalo, Asemankulma, Mänttä-Vilppula: 8 x mh,3 x h,2 x sali, 2 x k,terassit,parvekkeet jne. - Laivarannankatu 9, 35820 Mänttä-Vilppula - Huom! Sunrise Dreams Oy | Oikotie - how the hell can this house only cost this much?!

http://kuluttaja.etuovi.com/crometap..._id=41.2180210
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Old 01-30-2014, 10:48 AM
 
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,451,396 times
Reputation: 6670
^ Yeah, that is a heckuva lot of house! And isn't it located in a town where the whole municipality is <7,000 people?
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Old 01-30-2014, 11:36 AM
 
Location: Finland
24,128 posts, read 24,792,350 times
Reputation: 11103
Quote:
Originally Posted by mateo45 View Post
^ Yeah, that is a heckuva lot of house! And isn't it located in a town where the whole municipality is <7,000 people?
Something doesn't add up. Must cost a fortune in upkeep and maintenance. A protected mansion from 1918 that has been a foster home lately? And 3.5 km2 of land comes with it? Looks like someone wants to get rid of property they can't afford. Sends up a pretty lot of red flags to me.
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Old 01-30-2014, 11:45 AM
 
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,451,396 times
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Actually I did buy a repo-ed residential house once that had long been used as a foster care facility, and considering the size of the lot and the square footage, it was a steal. But unlike all the spotless wood floors and 'appointments' of that Finnish property, this one had years of "deferred maintenance" to catch up on! Does Finland have anything comparable to "REO's", 'repossessions' and "tax sales"?
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Old 01-30-2014, 11:55 AM
 
24,476 posts, read 10,804,014 times
Reputation: 46751
Quote:
Originally Posted by The Postman View Post
Perth is expensive. The average house price is about AUD $600,000 (a bit more than half a million US right now). 12 km south of the CBD you can buy a house like this:

3/6 Bowler Place Bull Creek WA 6149 - Villa for Sale #115476907 - realestate.com.au

As you can see below most properties are more expensive:

Real Estate & Property For Sale*in Bull Creek, WA 6149 (Page 1) - realestate.com.au
I pulled up several from 500-750k. All look like candidates for serious remodeling.
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Old 01-30-2014, 11:55 AM
 
Location: Finland
24,128 posts, read 24,792,350 times
Reputation: 11103
Quote:
Originally Posted by mateo45 View Post
Actually I did buy a repo-ed residential house once that had long been used as a foster care facility, and considering the size of the lot and the square footage, it was a steal. But unlike all the spotless wood floors and 'appointments' of that Finnish property, this one had years of "deferred maintenance" to catch up on! Does Finland have anything comparable to "REO's", 'repossessions' and 'tax sales"?
Sort of, but they go by different channels and the justice department, not the bank. And you aren't allowed to accept any price anymore, but have to pay close to the average price level in the area. I don't think that's the case here.

But the ad says the average condition is "acceptable", so you can bet that all kinds of nasty surprises are there waiting for you. And the fact that the estate is protected, means that you can't do anything to the house or surroundings without permission, and dealing with with the Board of Antiques is a pain in the ass.
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Old 01-30-2014, 12:12 PM
 
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,451,396 times
Reputation: 6670
Ah yes, the Board of Antiques, that might explain some things. We have our own version of that, the National Historic Preservation Act of 1966, which can make even just obtaining the permits for basic repairs on some properties, um, "interesting"!
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Old 01-30-2014, 12:23 PM
 
Location: Philadelphia
11,998 posts, read 12,924,934 times
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Quote:
Originally Posted by kevike View Post
Very impressive homes for that price.
Agreed .
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