The Real Estate Thread - Snowy Mountains Edition.

Chookfooter

Cranky Curmudgeon
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May 11, 2020
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When I got my first mortgage my monthly bills were rent, food, utilities, getting to work (fuel or fares) and what was left over went on fun stuff, mostly beer and motorbikes. These days it's rent, food, utilities, getting to work, mobile phone, internet, Netflix, credit card (x ?), afterpay, foster and much more fun stuff than I had. Makes it a bit hard.
 
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skichic

Old n' Crusty
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May 26, 2003
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In a way I guess it’s tougher now, in that more parents are having to help the kids.

But why do they buy them a new car when they turn 17? We all started with really shit cheap old cars, after managing to save the $800 or so, or qualifying for our first loan.

It’s a sign of affluence perhaps. Along with that appetite for smashed avo.
Mine bought their first cars at 17. No public transport in Kalkite! Cheap cars $2000 - $3000. Combo of them both having part time jobs from 14, and a bank account that I started at birth and put a few dollars a week into until handing it over at 17.

Both have supported themselves through uni in Sydney, eldest about to become an investment property owner at 25. All their own work, very little support from me.

My first car was a $600 VW beetle. I didn’t buy a “new” car until my 40’s and bought my first “new” couch 3 years ago. Lots of new bikes and skis though, and awesome holidays. Priorities!
 

pegasusSki

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Kids are softer now.

Could be all the product.

Need more unfluencers
I think they are tougher in some ways and have to be across a lot more at a younger age. Look at all the young people in business at any level. They are all General Managers of themselves in ways we weren't.

But there is an underlayer of cheap talk around 'best version of yourself', resilience', 'next level', 'smashing it', 'humblebrag', 'time when [I/friend/family member] suffered but bounced back'.

The virtue-signalling must be exhausting. As for insta, when I was a young lad, you just had some great snaps that made you look good many of which never saw the light of day :thumbs: LOL
 
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pegasusSki

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When I got my first mortgage my monthly bills were rent, food, utilities, getting to work (fuel or fares) and what was left over went on fun stuff, mostly beer and motorbikes. These days it's rent, food, utilities, getting to work, mobile phone, internet, Netflix, credit card (x ?), afterpay, foster and much more fun stuff than I had. Makes it a bit hard.
what you spent on bikes, might be a afterpay or streaming service. I think people pay for their poison.
 
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BlueHue

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When I got my first mortgage my monthly bills were rent, food, utilities, getting to work (fuel or fares) and what was left over went on fun stuff, mostly beer and motorbikes. These days it's rent, food, utilities, getting to work, mobile phone, internet, Netflix, credit card (x ?), afterpay, foster and much more fun stuff than I had. Makes it a bit hard.
Netflix + Disney + Stan + Paramount + + + + + (edit - and bikes)

Sometimes I think my mortgage makes me poor and I whinge, then I remember how much money we spend on skiing and I realise we're pretty f*en lucky to ski that much in Oz and I try to stop whinging, but then I realise how much less skiing I am doing compared to my desires because of my mortgage and I start whinging again, then I remember that overinflated real estate prices have made me a pseudo millionaire and I...... keep on whinging because it makes no difference to how much money is in the bank for skiing.

Then I sit on my deck with a coffee and take a deep breath looking at our view of the lake and mountains knowing that I'll be skiing those mtns in a month or two and I'm satisfied..... until a 5 year old child (or two) pierces my eardrums with screams of delight/pain (please not another unscheduled trip to ED)/hatred for sibling and I once again find myself whinging - loudly - at a child. Then I feel guilty and forget that moment of peace on my pseudo multimillion dollar deck and go and drop too much money on bike parts that I'll use five times a year in a bid to re-centre myself (whilst patching up the leg of the screaming 5 year old and thanking Ullr/Huey/insert diety of choice here its only a graze saving a trip to ED).
 

skichic

Old n' Crusty
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May 26, 2003
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Netflix + Disney + Stan + Paramount + + + + + (edit - and bikes)

Sometimes I think my mortgage makes me poor and I whinge, then I remember how much money we spend on skiing and I realise we're pretty f*en lucky to ski that much in Oz and I try to stop whinging, but then I realise how much less skiing I am doing compared to my desires because of my mortgage and I start whinging again, then I remember that overinflated real estate prices have made me a pseudo millionaire and I...... keep on whinging because it makes no difference to how much money is in the bank for skiing.

Then I sit on my deck with a coffee and take a deep breath looking at our view of the lake and mountains knowing that I'll be skiing those mtns in a month or two and I'm satisfied..... until a 5 year old child (or two) pierces my eardrums with screams of delight/pain (please not another unscheduled trip to ED)/hatred for sibling and I once again find myself whinging - loudly - at a child. Then I feel guilty and forget that moment of peace on my pseudo multimillion dollar deck and go and drop too much money on bike parts that I'll use five times a year in a bid to re-centre myself (whilst patching up the leg of the screaming 5 year old and thanking Ullr/Huey/insert diety of choice here its only a graze saving a trip to ED).
LOLROFL Have I mentioned how great it is to be a parent to grown up kids :D
 
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pegasusSki

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Netflix + Disney + Stan + Paramount + + + + + (edit - and bikes)

Sometimes I think my mortgage makes me poor and I whinge, then I remember how much money we spend on skiing and I realise we're pretty f*en lucky to ski that much in Oz and I try to stop whinging, but then I realise how much less skiing I am doing compared to my desires because of my mortgage and I start whinging again, then I remember that overinflated real estate prices have made me a pseudo millionaire and I...... keep on whinging because it makes no difference to how much money is in the bank for skiing.

Then I sit on my deck with a coffee and take a deep breath looking at our view of the lake and mountains knowing that I'll be skiing those mtns in a month or two and I'm satisfied..... until a 5 year old child (or two) pierces my eardrums with screams of delight/pain (please not another unscheduled trip to ED)/hatred for sibling and I once again find myself whinging - loudly - at a child. Then I feel guilty and forget that moment of peace on my pseudo multimillion dollar deck and go and drop too much money on bike parts that I'll use five times a year in a bid to re-centre myself (whilst patching up the leg of the screaming 5 year old and thanking Ullr/Huey/insert diety of choice here its only a graze saving a trip to ED).
most middle-high income people live like this, surely? And middle income is not that much money in the scheme of things.
Until that first period of ill-health hits in 50s maybe, it's all up in the air.
 
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nezumi

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Melbourne
When I got my first mortgage my monthly bills were rent, food, utilities, getting to work (fuel or fares) and what was left over went on fun stuff, mostly beer and motorbikes. These days it's rent, food, utilities, getting to work, mobile phone, internet, Netflix, credit card (x ?), afterpay, foster and much more fun stuff than I had. Makes it a bit hard.

Mobile phone and internet can be reasonably bundled into utilities there. Sure, there's a choice about the *level* of phone and internet you have - but try applying for any job now without both of those as a 20-40 year old and you'd be in a bit of strife.
 

pegasusSki

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Mobile phone and internet can be reasonably bundled into utilities there. Sure, there's a choice about the *level* of phone and internet you have - but try applying for any job now without both of those as a 20-40 year old and you'd be in a bit of strife.
streaming services are cheap compared to a motorbike, or a session in the pub n times a week
 

Snow Blowey

Old n' Crusty
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Jan 7, 2004
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I either find something to watch that is on free to air or just go and do something else. I did a free month on one of the streaming services so i could go through the whole Fawlty Towers series with the kid and found the whole thing overwhelming. I tend to put myself in front of a television when the day is finally done and i just want to relax. Having to survey all the options and make a choice is too much hard work. I can't even get through all the good options on ABC and SBS so no point loading up with an endless array of crap and paying for the "experience".

May be cheap, but i'd suggest money is better put toward activities that are alternative to TV watching. Perhaps even toward a nicer place to live so watching the TV is less appealing. A nice garden or in a place with good options for outdoor recreation.
 

Me+3

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The contribution from the owner is a token payment. Most of the materials and some of the labour come from sponsors of the show, looking for a bit of on-screen exposure. “Selling Houses” is not so much about selling houses, it’s more about packaging an entertaining TV show. Whether the house sells or not is quite beside the point. They do get a few houses sold though!
like a purple house ? ;)
 

pegasusSki

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I either find something to watch that is on free to air or just go and do something else. I did a free month on one of the streaming services so i could go through the whole Fawlty Towers series with the kid and found the whole thing overwhelming. I tend to put myself in front of a television when the day is finally done and i just want to relax. Having to survey all the options and make a choice is too much hard work. I can't even get through all the good options on ABC and SBS so no point loading up with an endless array of crap and paying for the "experience".

May be cheap, but i'd suggest money is better put toward activities that are alternative to TV watching. Perhaps even toward a nicer place to live so watching the TV is less appealing. A nice garden or in a place with good options for outdoor recreation.
we were late to TV. It means being part of convos with friends at gatherings where you swap 'hot tips' as to what to watch (choice can be overwhelming - but better than being underwhelmed when you try)

Back in the day, my parents were presumably placing keys in the middle, now it's sharing logins.
 

sastrugi

I Can't Explain
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Jul 5, 2001
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May be cheap, but i'd suggest money is better put toward activities that are alternative to TV watching. Perhaps even toward a nicer place to live so watching the TV is less appealing. A nice garden or in a place with good options for outdoor recreation.
We have a stunning place with a beautiful garden and great options for outdoor recreation, but at the end of the day we still wind down with an hour or 2 of TV a night after dinner. Just the 2 of us. Hence why we have one streaming option going at a time. You do actually need to wind down after work/gardening/bike riding/socialising etc etc. I'd be happy with a book but +1 is happy watching TV so we usually do it together :)
 
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bluestick

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I don’t think snow has all that much to do with it.
I guess that’s obvious given the snow in Aus is generally pretty meh IMO (although i do love the touring ). I know it’s not the same but you can pay for a lifetime of mountain sojourns worldwide with what it costs to buy a 1 bedder in jind.
 
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dawooduck

relaxed and comfortable
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Oct 26, 2002
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Just a thought, isn’t there a chance these ridiculous prices will be moderated by the inevitable couple of below average snow seasons?

Mmmm ..... neutral on that one.

Paddock life
Lake life
Bike life
Clear cool air
Decent schools
Plenty of work
Tree change
Retirement life
Family life
Kids life
 
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Legs Akimbo

Grumblebum
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Mar 3, 1999
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Coastal suburban boonies.
My BIL is from England as well. Similar childhood to you walking through snow to get to school. Said he couldn't care if he never saw the stuff again ever.
The German butcher who used to be in the old shopping centre once told me that he had not been up to any of the resorts for about 30 years. He could see no reason to bother.
 

sastrugi

I Can't Explain
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Taungurung Country

Nidecker

A Local
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Aug 5, 2009
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Alpine the dark side of snowboarding
Snow is one reason, but really just to move away from the fcuking city & all the shite that goes with it.

I wonder how much retirement income is a factor. Pretty wealthy generation out there looking for their dream after years of working. Will be interesting to look at the sensis data on that one.

I also wonder how discretionary a lot of the purchases have been, ie: if you don't need to sell you ain't going to realise a loss, so its not reflected in a fall in house prices.
 

Snow Frothinator

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Just a thought, isn’t there a chance these ridiculous prices will be moderated by the inevitable couple of below average snow seasons?
Who said you have ski within the resorts, they are all on the edge of where snow falls.
Earn your turns !
The mountains are calling.
Back country is there for you !
 
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Billy_Buttons

Part of the Furniture
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Mar 25, 2011
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3decks

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Jacko4650

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I hope they get a buyer? The current owners are lovely people and have worked hard to keep the Sponars story going despite some heavy resistance over seemingly minor issues from the Natio's and a couple of challenging years due to covid cancellations?
 

Jacko4650

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How are the soon to be rapidly rising interest rates going to impact mountains realestate values?
I'm guessing not much. Sydneysiders and Canberrans punching out after hearing about the mega values of their suburban homes and apartments; cash left over to invest. I'd like to be wrong as I'd like to buy a second property in Jindy; one that permits me to build a house and a big shed on.
 
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Marty McSly

Not a monster
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I'm guessing not much. Sydneysiders and Canberrans punching out after hearing about the mega values of their suburban homes and apartments; cash left over to invest. I'd like to be wrong as I'd like to buy a second property in Jindy; one that permits me to build a house and a big shed on.

Here's one that was prepared earlier.

 
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Marty McSly

Not a monster
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Does vacant industrial land come on the market often in Jindabyne/Leesville?

Like, something with the potential to build a fair sized shed for, say, storage and restoration of collectible motor vehicles?

That might just happen to have a shower and toilet next to a vacant space that's coincidentally sized for a caravan and easily accessed with a caravan and tow vehicle?
 
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Nidecker

A Local
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Alpine the dark side of snowboarding
Here's one that was prepared earlier.


Jeez, that shed = staff accom :D
 
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Marty McSly

Not a monster
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Jeez, that shed = staff accom :D
I was thinking in terms of existing use rights. Demolish the "caretaker's cottage" and build something a bit nicer. Possibly replace the shed too if something bigger, or with a higher roof, is needed.

But staff accommodation, yeah, that's a thought. A bigger, taller shed would allow for more sleeping capsules, definitely. :p

And there is also the possibility, STCA, of subdivision. I bags first refusal on a subdivided lot. LOL
 
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