Three reasons Sydneysiders are flocking to Brisbane homes

first_imgAndrew and Karen Hirst and their two children Oscar and Chloe have moved up from Sydney buying a large home in Red Hill for the same price as a small cramped terrace in Sydney. Picture: Adam ArmstrongSYDNEYSIDERS are ditching the confines of their overpriced smaller homes and heading to the sunny north for three main reasons, according to the latest data.Uno Home Loan’s latest market analysis shows that it would take a Marketing Manager on an average wage in Sydney almost seven years to save a deposit on a median-priced home, compared to just three years on the same salary in Brisbane.Uno Home Loans CEO Vincent Turner said Brisbanites were on a pretty good wicket compared to our Sydney cousins who would need to earn at least $150,000 per year gross salary, with no dependants, just to service a loan on a small property in the 10km zone.“People in Brisbane whinge about wages not keeping up with house prices, yet when you look at Sydney we seem to be in a pretty good position comparatively,” Mr Turner said. Uno Home Loans CEO Vincent TurnerEx-Sydneysiders Andrew and Karen Hirst with their two young children saw the benefit of the Brisbane property market and purchase a home in Red Hill at the end of last year.Ms Hirst said they got priced out of their home suburb in Sydney and were forced to make a lifestyle decision when she fell pregnant with their second child.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“We were lucky we entered the Sydney market when we did in 2012 but trying to upgrade our home was a massive challenge,” she said.“We ideally wanted to stay in the same area but financially that was not doable.”Late last year the family bought a four-bedroom, two-bathroom home with pool, sitting on a 900sq m block in Red Hill for $200,000 less than the two-bedroom terrace they sold in Lilyfield, Sydney.Ms Hirst said her husband was able to get a transfer within the company he worked for so managed to maintain the same salary, while she was able to negotiate a similar wage in Brisbane to her Sydney job as a digital director but on a part-time basis.Mr Turner said Uno Home Loans data analysis was showing that three main factors were making Sydneysiders rethink their lifestyle choice in their international city and move to the north.1. Rents are up to $700 month cheaper making it easier to save for a deposit.2. Stamp duty is significantly lower reducing the amount needed to save for a deposit.3. Median house prices in Brisbane are around $540,000, half that of Sydney’s $1.1 million median price.Yet their analysis shows that wages between the two cities are not that different, for example, a Marketing Manager on an average wage in Sydney would earn around $82,000, while the same person in Brisbane would be on around $78,000.“We’re certainly now seeing people rethinking where they want to live, especially in the first homebuyer early 30s category,” Mr Turner said.“They’re using the calculators on our site and seeing it doesn’t add up with living in inner-city Sydney, so while Melbourne is an attractive option, obviously there’s better weather in Brisbane.”last_img read more

ECCB/Elizabeth Styles competition continues tomorrow

first_imgTHE next round of the East Coast Cricket Board (ECCB) Elizabeth Styles competition continues tomorrow.Better-Hope Raptors will clash with Mon Repos Cricket Club (CC) (B) at Better Hope Community Centre, while at Buxton Community Centre ground, the hosts’ B team will play Golden Grove CC (B).Rawley FredericksAt Enterprise Community Centre ground, Enterprise ‘Busta’ CC (B) will host Lusignan Seafoods CC while at Golden Grove CC ground the hosts ‘A’ team will clash Enterprise ‘Busta’ CC (A).In the latest round of matches, there were several upsets.At Golden Grove Cricket ground, Golden Grove CC (B) hammered Mon Repos CC (B) to win by 127 runs.Golden Grove CC won the toss and elected to bat, blasting 246 for 6 after the match was reduced to 30 overs.Stephen Mangar top-scored with 47 runs (4×4). Claudius Fraser 36 runs (5×4, 1×6), Shavin Rutherford 34 runs (4×4, 1×6) and Mortimer King with a quick-fire 34 runs (3×4, 3×6), all assisted the scoreline.Bowling for Mon Repos CC B, M. Samaroo’s 3 for 32, along with Ravindra Samaroo 3 for 20 were the lead figures.Mon Repos CC were bowled out in the 20th over for 119 with Raghoo Ragnauth hitting 33 runs (6×4) and Vickash Jaikarran making 29 runs (2×4, 2×6).Rohan MangalBowling for Golden Grove CC, Claudius Fraser ended with 2 22 and Orin Gardner 3-20.At Better Hope Community Centre, Mon Repos CC (A) defeated Better-Hope (B) (BHCCB) in what could be described as a stunner, since BHCCB are former champions.Mon Repos CC A won the toss and batted first as the match was reduced to 35 overs.Manjrekar Bhola carefully stroked 42 (4×4, 1×6) while Roopnarine Singh made 24 (2×4, 1×6) as Mon Repos CC A were bowled out in the 30th over for 123.Ravi Singh bowling left-arm spin captured 5-17 and Jayadev Mana 3-7 with some good off breaks.Batting second, BHCCB were bundled out for 116 in the 19th over with the unplayable right-arm leg-spinner Navindra Kishun upsetting the host with figures of 6-19.At Buxton Community Centre, Buxton ‘Carl Hooper’ CC A cruised to victory over Low-Land Sports Club (LSC).Buxton CC A won the toss and invited LSC to bat in super cricket conditions.LSC batting, with the match reduced to 35 overs, amassed 172 in 29.3 overs with Z. Khan blasting 45 (10×4).Playing important roles were Andre Barry 32 (4×4, 1×6) and S. Dumainauth 23 (4×4, 1×6).Bowling for BCCA were Rawle Fredericks 3-12 and Owen Andrews 3-36.Buxton CC A replied with express speed arriving at 173 for 4 in the 17th over thanks to Anthony McFarlane 76 (5×4, 6×6), Owen Andrews 56 (9×4, 1×6) and Cylus Gibbons 20 (4×4).Bowling for LSC, D. Rooplall bagged 3-35 and S. Dumainauth 1-36.At Enterprise Community Centre, Enterprise ‘Busta’ Sports Club (A) (ESCA) made light work with Clonbrook Cricket Club (CCC) in a match reduced to 35 overs.ESCA won the toss and elected to bat scoring 211 for 9 thanks to Rohan Mangal who stroked a brilliant 62 (7×4) with captain Parmanand Dindyal supporting him with a well-played 36 (3×4).Bowling for CCC, R. Small bowled well with figures of 3×31.In reply, CCC were bowled out in the 32nd over for 150. Small, this time with the bat, contributed 42 (5×4).Bowling for ESCA, Chatterpaul Singh 4-32.last_img read more