Roast Media Shakes Head, Part 7

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Eddie Dingle

Some more cheese please
Apr 16, 2007
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I was thinking the same thing

Most people that move states will sell off their house unless renting it out.. and well i cant see too many people renting a 1.43m property so im not sure what else he is going to do.. lol

Its hardly a "I hate Brisbane Lions so im gonna sell my house... That will show them!!!" situation
We moved to Melbourne but kept our house in Sydney.

It’s not that unusual
 

Steve Dore

International Trade Facilitator
Aug 30, 2004
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We moved to Melbourne but kept our house in Sydney.

It’s not that unusual
It may not be unusual but that doesn't mean it is common for someone moving interstate for work to not sell their former residence.

Alex is a Victorian so if he is going to keep a house in QLD long term it is unlikely to be in Brisvegas.

I kept my house in Adelaide when I lived interstate and overseas. I sold both my houses in QLD when I moved location. Not everyone has the money behind them to build up Australia wide property portfolios.
 

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1954

Norm Smith Medallist
Mar 1, 2014
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It may not be unusual but that doesn't mean it is common for someone moving interstate for work to not sell their former residence.

Alex is a Victorian so if he is going to keep a house in QLD long term it is unlikely to be in Brisvegas.

I kept my house in Adelaide when I lived interstate and overseas. I sold both my houses in QLD when I moved location. Not everyone has the money behind them to build up Australia wide property portfolios.
Back in the early 80's through my work I came across 3 or 4 management types in the transport industry who took job transfers from the eastern states to SA and sold their houses for enormous money by Adelaide standards and then bought something better here for less than a 3rd of what they sold the original property for.

I remember one bloke who was originally from Sydney describing the difference in property prices as akin to winning the opera house lottery.
Apparently the interest on his term deposit from the funds left over was more than his wife could earn in a full time job, so she stayed home with the kids.
Those were the days when you could buy a block at West Lakes for less than 30k though.
 

RussellEbertHandball

Flick pass expert
Nov 16, 2004
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Back in the early 80's through my work I came across 3 or 4 management types in the transport industry who took job transfers from the eastern states to SA and sold their houses for enormous money by Adelaide standards and then bought something better here for less than a 3rd of what they sold the original property for.

I remember one bloke who was originally from Sydney describing the difference in property prices as akin to winning the opera house lottery.
Apparently the interest on his term deposit from the funds left over was more than his wife could earn in a full time job, so she stayed home with the kids.
Those were the days when you could buy a block at West Lakes for less than 30k though.
11% to 15% deposit interest rates will do that for you.
 

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