“One of my best friends has decided to move to Australia. Early 30s, born in greater Vancouver, 2 university degrees. Buying is completely out of the question. Would like to stay but for the high cost of living and low salary.”

human at VREAA 29 May 2011 at 11:38am“One of my best friends has decided to move to Australia with an Australian woman he is dating. Early 30s, born in greater Vancouver, 2 university degrees (one professional), can’t make enough money as a renter to save anything. Buying is completely out of the question for them. They would like to stay here but the high cost of living and low salary is driving the decision.”

human -> Pity about losing your friends. If it’s any consolation, we do like your handle! (Same race as us here at VREAA; please send us more of your kind.) – vreaa

7 responses to ““One of my best friends has decided to move to Australia. Early 30s, born in greater Vancouver, 2 university degrees. Buying is completely out of the question. Would like to stay but for the high cost of living and low salary.”

  1. For someone with two university degrees, this woman is displaying an incredibly poor ability to plan ahead. Australian real estate (Melbourne or Sidney) is probably more unaffordable than Vancouver’s.

  2. “can’t make enough money as a renter to save anything”

    Ummm… OK…

  3. I turned down an australia positon, partly because the real estate prices would mean i would have to scramble and start all over again. I wonder if Aus has flattened, and whether Vancouver may be more expensive now?

    Going to Australia is an ineffective way to avoid costly real estate. Not a well thought out plan,

  4. I agree – Australia’s no escape from high housing costs. Could it be a salary expectation thing? I imagine it also depends on the field & education – professionals are sometimes in shorter supply / more demand in some markets than others.

  5. CanuckDownUnder

    Yes, prices are just as unaffordable here and rents seem a little more expensive. I live 45 minutes south of the Sydney CBD but right on the train line and we pay about $2000 pcm rent on a 3 bedroom (rents are done on a weekly basis here).

    On the plus side house prices peaked in May 2010 and sentiment has definitely soured on RE. A lot of people are questioning why they would buy as an investment when rental yields are less than what you get on cash deposits and there aren’t any first home buyers left.

    And file this under Hoocoodanode? – apparently propping up the economy by giving home owner’s grants to people who couldn’t afford to buy even at emergency low interest rates isn’t turning out to be a good idea.

    http://www.smh.com.au/business/vintage-housing-bubble-may-give-us-trouble-20110531-1feny.html

  6. Lived in Aus in 2000-01, lots of good lifestyle reasons to live there. We loved it (Noosa, now property bubble ground zero LOL) – great climate, great people, like Canada in many ways – comfortable for Canadians. If they’re not buying property there for now, may be ok for them.

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