Comfortable city living needs big bucks (1 Viewer)

[xMaNx]

Comfortable city living needs big bucks

To live in Sydney and be comfortable you need an annual salary of about $100,000 and an inner city or beachside home close to work, the city's residents believe.
A survey of the opinions of 304 Sydneysiders shows living near the harbour or CBD is a top priority, even though affordability is falling.

"Sydney is still very much a harbour and beach city with a clear attraction to regions of Sydney near the water or close to the CDB, but it's a dream that's slipping away," the head of the Sydney Business Chamber Patricia Forsythe said.

The survey conducted for the chamber shows 60 per cent of respondents believe living in the nation's biggest city is less affordable than a year ago while a further 16 per cent say it's "very unaffordable".

Rents and mortgage payments were unaffordable or very unaffordable for 54 per cent.

But most - 68 per cent - still want to live in the pricey eastern suburbs, trendy inner west, beautiful northern beaches or upmarket north shore.

Only 27 per cent want to live in the vibrant and family-minded western, north west, south and south west suburbs.

And 85 per cent think an individual needs to earn at least $50,000 and as much as $150,000 to live comfortably in the nation's biggest city.

"The challenge for the government is to deliver more affordable housing in these areas and also to make the outer suburbs more attractive through job creation and cutting commuting times to employment areas," Ms Forsythe said.

Some 90 per cent of Sydneysiders catch public transport to get to work - a tiny one per cent use a bicycle - with most taking about 40 minutes to make a one-way journey.

According to Residex, the median two to three bedroom Sydney house price is $651,000, against $462,000 for London and $460,000 in New York.

The average annual salary for a working Australian is about $66,000, Australian Bureau of Statistics data show.

The latest Sydney Business Chamber Citypoll survey was conducted online.

Comfortable city living needs big bucks - Yahoo!7 News


imo it's true, life is becoming more expensive each day.



Thoughts?

 

[Teclis]

Comfortable city living needs big bucks - Yahoo!7 News


imo it's true, life is becoming more expensive each day.



Thoughts?

Survey of 304 people...

There are how many MILLION people living in Sydney?

 

[postnatal]

lol vibrant and family minded west.......


uhhhhhhh

 

[s-p-a-c-e-d]

bankstown is neither vibrant nor family-minded...

most people's idea of 'living comfortably' is probably far more unattainable than mine.

 

[postnatal]

do you want to live in s-p-a-c-e???

 

[s-p-a-c-e-d]

not really no

do you want to live in thehospital???

 

[duckcowhybrid]

If you're not retarded it's not hard to make $100k in any worthwhile profession after 5 years post uni or so. Emphasis on worthwhile.

 

[SylviaB]

imo it's true, life is becoming more expensive each day.

So when demand for something rises and the supply remains constant, the price goes up?

Omg liek no wai who would have guessed.

 

[zombie omie jay]

304 people yeww

also

did they define "comfortable"?

 

[Garygaz]

Relevant.


Scientific results of a self carried out experiment.

 

[zombie omie jay]

lol its funny i never even used to even know about anything north and south of the city
it was like the city > west. further west the worse until you hit the mountains and inbreeding

 

[breaking]

lol its funny i never even used to even know about anything north and south of the city
it was like the city > west. further west the worse until you hit the mountains and inbreeding

lol settle*precious

 

[Graney]

There's nothing wrong with the sample size.

They're surveying perceptions of affordability rather than analysing any objective measures though, so eh.

 

[zombie omie jay]

they should have used a ~5million sample size though
they didnt even get 1 person from each suburb!

 

[kaz1]

Urgh... used to live in the eastern suburbs, shittiest old houses there, same can be said for the inner west.

 

[postnatal]

wtf are you on about? those terraces are one of the reasons why the inner west is booming.

 

[kaz1]

wtf are you on about? those terraces are one of the reasons why the inner west is booming.

maaaaa8

Petersham:

Blacktown:

for around the same price

 

[zombie omie jay]

dude that house in blacktown looks fucking horrible

 

[scarybunny]

Yeah a two-storey terrace in Newtown will set you back upwards of a mil.

But fuck it. Because Newtown is *awesome* and I will live there one day.

 

[postnatal]

hahahahahahah never thought people could have bad taste in houses

glebe

yes there are a few that are not in this good of a condition but i'd much rather live in a dingy victorian/federation house than some Mcmansion