Sigh – sometimes I feel sooo old! Like I can remember the last time it was hard to get a job especially if you were young with no qualifications and experience. That time has come again, even in Australia, and the newspapers are going flat out to explain to the under-25’s what to do with this strange concept that the world doesn’t owe them a living of at least $70k straight out of school!
BREAKFAST POINT is a tidy, waterfront village of more than 2000 cute, Martha Stewart-style homes near Cabarita.
Behind these matching doors, however, a war is under way between one of the state’s most powerful property developers and a group of residents fighting for control of their own strata committee.
CSIRO has just released Fuel for Thought, a report from the cross-sector Future Fuels Forum. Their worst case scenario of petrol at A$8/litre by 2020 has made headlines in Australia.
Even with petrol not yet at $2/litre there is a noticeable increase in deamnd from both buyers and renters for properties which are either within 10km of the city centre or close to suburban public transport, particularly rail. It would appear that the major loosers are the new suburbs 20km plus from the centre with no rail links. These lower-cost suburbs are beginning to make no economic sense if a family needs to run two cars and commute significant distances daily for work and school.
More on $8 Litre Petrol: Implications for Property Investment in Australia
