Guys, a friend of mine owns a semi at Bondi which a few months ago would have been snapped up at
$ 950,000.He just had three weeks of open house at which in excess of 100 parties appeared.
However, the auction was cancelled as none of these 100 odd people was interested enough to ask for a contract !!
So what is that telling us ?
Pisces133
Maybe it tells us there are too many KIWI’S living in Bondi. Why do you think it would have been snapped up at 950K? Were there any offers made at all?
C2
“Is it true the more you owe the more you grow until the bank steps in or the rates go up?”true, – yeah! and also cause we kiwis can only afford properties up to about 26K….
hahahahaheheheheeeeeeeeeeee
Bondi is a HOT area.
A few months ago semis were actually selling at auction for around such price.
Pisces133
Mini
Don’t you mean some Kiwis buy one at 950k and “other” buy 36 at 26k [
]Cheers
Leigh K[]Carve your own path and lead the way …
i had a look at a block of flats in my local area, went and had a look and they werent bad, needed about 50k for a reno on the place. the RE agent asked what i thought they were worth, i then asked how much is he asking, 6 x 1 bedrooms and 1 x 2 beddy, vendor asking 800k. i just about laughed out aloud which didnt impress him. although the numbers were ok, the place was that old there was next to nothing left to depreciate.
told the RE agent this along with expected interest rate rise (this was saturday) that i was taking all the risk for no return, and he said theres no way interest rates were going to rise again, it was a good set of units blah blah blah. i put an offer in for 300k, i dont think he was impressed. i will wait till begining of january then put in another offer.
i had a look at a block of flats in my local area, went and had a look and they werent bad, needed about 50k for a reno on the place. the RE agent asked what i thought they were worth, i then asked how much is he asking, 6 x 1 bedrooms and 1 x 2 beddy, vendor asking 800k. i just about laughed out aloud which didnt impress him. although the numbers were ok, the place was that old there was next to nothing left to depreciate.
told the RE agent this along with expected interest rate rise (this was saturday) that i was taking all the risk for no return, and he said theres no way interest rates were going to rise again, it was a good set of units blah blah blah. i put an offer in for 300k, i dont think he was impressed. i will wait till begining of january then put in another offer.Nice try[
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