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

Lambert stunner wins it for Saints

first_img Davis set up Rodriguez for the opener and thenFernando Torres had a goal disallowed and Victor Moses saw a cross-shot deflect behind off Luke Shaw before Chelsea snatched a 33rd-minute leveler. Marko Marin sent in the resulting corner and kamikaze defending allowed captain Terry to head home unmarked from six yards. Chelsea were level for less than two minutes, though, thanks to a moment of magic from Lambert. After Steven Davis was fouled by Ryan Bertrand, Lambert stepped up to fire home a thunderous 25-yard free-kick into Petr Cech’s top-right hand corner. Making his 500th career league appearance, the Liverpudlian’s strike was his 14th league goal of the campaign – more than any other English player in the Premier League. Chelsea peppered the Southampton goal throughout the second half but were unable to find a way past substitute goalkeeper Kelvin Davis, leading to a defeat that drops Rafael Benitez’s side to fourth. Press Association Rickie Lambert celebrated his new Southampton contract in some style on Saturday, smashing home an exquisite free-kick to secure a 2-1 win in a hard-fought encounter with Chelsea.center_img Saints had gone ahead through another in-form striker Jay Rodriguez, who collected a neat one-two from Steven Davis before slotting home in the 23rd minute. John Terry was allowed to level unmarked from a corner 10 minutes later, only for Saints to hit back immediately through Lambert’s fine strike. last_img read more