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What about; same exact neighborhood, but in a really nice freestanding house in a quiet cul-de-sac with a few more metres all around between you and the neighbor who wants to sit up until 12am playing "The Doors" at high decibels? and so forth.
Me, I would like a 3 bed room, 2 car space modern apartment with good views of Sydney Harbour. Why compromise at all? Be close to the amenities and still have the space and quietness of the boonies.
The same amenities are available on the suburbs. Cities are no longer 'monocentric'
Misleading more than extreme. Greater Sydney is a diverse city, and different areas have different amenities. You can't be close to everything. You pick a spot that's close to what's most important to you and your family. That could possibly be your work place, if you think you're the most important person in the family or you're single. Or it could be a relatively quiet beach like Newport, if you care more for your kids or enjoying the surf yourself. Or it could be your ethnic centre, if you care more about your community and the amenities it offers.um yeah nah
unless of course you consider say surry hills and say mt druitt (as 2 extreme examples) to have the same amenities
But the average /median house price in Cabramatta / Mt. Druitt will never reach that of Wahroonga in the north or Vaucluse in the east. I think that this reflects that the "amenities" or facilities of the north and east are far more popular and hence, commands the premium.
Cabramatta has an abundance of good cafes, clubs and pubs which people from Cabra would prefer over those in the north or east. Ultimately prices depend on the wages of the people desiring the amenities. That's all. The communities in the north and east are more established. Many of them have been in Australia for generations and have had time to build up significant wealth.I don't think it is a neighbours issue. In big modern cities, most of us don't know our neighbours anymore, let alone their net worth. However, established amenities, schools, cafe culture, pub culture, concert halls command premiums in the north and east.
Ultimately prices depend on the wages of the people desiring the amenities. That's all. The communities in the north and east are more established. Many of them have been in Australia for generations and have had time to build up significant wealth.
Wealthy people are mostly self made, with only a minority being inheritors of wealth. Most wealth is created by the end user and hence, whether some people's family have been here for generations is irrelevant to their current wealth.
Furthermore prices are not determined by wages. Pricing is purely a reflection of supply and demand.
People aren't living in Cabramatta because they have no choice. It's their place of choice just like the upper north shore is the place of choice for many generational Australians. Neither place is better or worse, amenities wise, just different..
I never said the people of Cabra could live wherever they want. I said they live in Cabra because that is their choice.We know that the median wage of Cabramatta residents is lower than the median wage of Vaucluse or Wahroonga residents. Hence, it is not entirely true that residents Cabramatta have full choice of living where they want to as there is a significant financial limitation. We also know that children from wealthier backgrounds have greater initial opportunities.
um yeah nah
unless of course you consider say surry hills and say mt druitt (as 2 extreme examples) to have the same amenities
It isn't complex. I never said it was.Exactly. Which is why blanket statements based on your own preconceptions are absolutely useless.
Neither is better. One just better suits someone than the other. I really don't know what is so complex about that.
People might not know their immediate neighbours per se, but they know of the standard of the neighbours from their friends, colleagues and associates. You would know this first hand being in the medical field - doctors are the head of the list when it comes to "postcode" living - both my wife and I have worked in the medical profession and have seen it first hand.I don't think it is a neighbours issue. In big modern cities, most of us don't know our neighbours anymore, let alone their net worth. However, established amenities, schools, cafe culture, pub culture, concert halls command premiums in the north and east.
Could you imagine the children of a single mum on centre link / living in housing commission attending a sleepover at a 5 mil mansion owned by a barrister? The kids would have no issue but certainly the parents would find it strange. This scenario is unlikely to happen because similar socio-economic groups live together and school together.
^ Sorry to digress, but I laughed so hard at this. Obviously it's a very true statement when coming from city folk and, as you state, 'unlikely to happen' in Sydney, but this is exactly what happens in my neck of the woods (regional/coastal area). My eldest child recently attended a birthday party at his friend's parent's $3mil+ beachfront mansion - the party was also attended by friends who live in housing commission homes - all, including the parents, get along very well and have socialised together since the kids were toddlers. People in cities seem to live very sheltered lives. Hence, a major reason why I refuse to live in one.
BV, I guess you are correct in a generalised way - that a post code's reputation may be sufficient for people to want to move there, over and beyond the availability of amenities.
From the reputation of a certain area, if you can afford it socio-economically, you would wish to move there. If you are in the top 1% in terms of income and/or net worth many would wish to live in eastern and northern parts of Sydney as you know by reputation that your neighbours would be of similar ilk. There are occasional wealthy people in other parts and they are usually there for other reasons: ethnic connections, family ties, etc. We know that Edgecliffe , Vaucluse in Sydney are suburbs wherein the residents have higher incomes and net worth.
My children would go to school with other children from a similar socio-economic / cultural background, depending on where I live.
We could have sent our boys to (elite school) Churchie, but there is nothing that would have convinced me that would be good move. We know many families with lovely boys who went there (and other elite schools), but we also know several families whose boys will continue the elite snobbery that "can" be bred there, and particularly in those families who believe this school will foster future school tie links. I am very anti that rubbish, and we chose instead a very good school without the "elite" tag. There are very wealthy families at this school, but it is not flaunted, and there are regular families and (I guess) families that will struggle to pay the fees for their kids to go there. It is strong academically, but mainly it is highly regarded due to the strong community and family feel of the school.
More importantly, they would socialise with kids of a similar background. Could you imagine the children of a single mum on centre link / living in housing commission attending a sleepover at a 5 mil mansion owned by a barrister? The kids would have no issue but certainly the parents would find it strange. This scenario is unlikely to happen because similar socio-economic groups live together and school together.
So I guess, birds of a feather do flock together, even just for safety reasons.
We, as parents, couldn't give a fig who our kids socialise with, as long as they are nice kids. Rich or poor doesn't even enter into it.
There are some kids who would not accept a child not in their "class" and I've seen this first hand. One barrister I know who had hit hard times due to divorce, lamented to me that her boys were the only ones in their grades not heading overseas for the holidays. They were happily accepted to parties and sleepovers though. I've seen first hand parents who would not approve of lower "quality" boys being friends with their precious sons, and other parents who have no such snobbiness. It takes all sorts.
I'd suggest China, that being unmarried and without children, you are making assumptions about a LOT of this stuff. Much of it may prove to be absolutely wrong once you do have children and see what those children are like. The attitudes your children will have will come directly from you.