Forum Replies Created
A good place to network and learn can be investor evenings, the independent kind where you aren't expected to bring a credit card or asked to sign up to a course or buy a new property
In Brisbane we have a few and I know the other capitals mostly do as well.sharon77 wrote:Thanks Andrew_A. I think I have gone a step too far in having real estates provide me with advice/opinions – I've been swamped with a million calls on a daily basis, many repetitively ringing. I think I've heard every sales tact that there is and its just turned me off getting locked in with another agent (my first agency agreement has just ended on my Brighton, Qld house). <moderator: delete advertising>Yes the agents need to eat and it's a tough market at the moment
For free market opinion it's the price you will pay, best to be honest to avoid repeat calls and just mention you won't be listing with them. Did you add value with the Brighton property? Your Nundah property is in a good location pity the block wasn't a little larger there!Quarks wrote:I am in fear as I read the comments above.
I just dived into a serviced apartments by Quest… I have already paid 10% and due for remaining amount in upcoming months.
I havent got a solicitor to review the contract as yet……Should i just forgo the 10% (which amounts to more than $30K *cries*) and bail or should I even make a dash for it and hope for the worse. I should have, could have done more research. I was naive and essentially, so new on this and took the bait on the positives and negate on the possible setbacks…….
Help please!
Any update on your situation Quarks? Hope things worked out well for you.
Price is very important in this market, so getting that correct will be a key. Otherwise it's important to not make big mistakes if selling privately, most private sellers just make basic errors in my experience. I wouldn't be worried about the cost of sign boards!? You are selling an asset worth hundreds of thousands of dollars so making the buyer pay a few extra thousand will cover a lot of smaller costs.
No harm getting a few (or more than a few!) selling agents out to give you free appraisals and ideas for your own benefit and use
xdrew wrote:Traditional in hard times for people to save up and renovate instead of repurchase.Not unusual.
Yes. Good to find a suburb where people are doing this to older housing right next door to a highly gentrified suburb with much higher prices, that way the renovation dollars can help your capital growth
Jamie M wrote:Andrew_A wrote:Canberra is the best performer at -0.68%Good old Canberra
Things seem to have picked up a little recently – I'm sure a couple of rate cuts will help as well.
Cheers
Jamie
Yes would be nice to see markets stabilize and start growing again, plenty of investors sitting on fences and trying to time this market (in Brisbane) at the moment.
Interested if there is any feedback from the original posted Eddie01, would be pretty interesting to read I imagine
fWord wrote:Thanks for the information Andrew. At first glance it may appear house prices are falling through the floor. However, taken in perspective, even the negative 5.51% for Brisbane ain't bad. I live in Melbourne and have personally seen the median prices in some suburbs increase by 20% or so within a 12 month period. A 4-5% drop in prices isn't troubling at all, particularly considering the toxic news floating around in the media. Certainly if you did buy at the peak it could create some worries about potentially having negative equity. But IMO, property is mostly about going long term, so looking 5-7 years, or even 10 years ahead…who knows what else the future would hold by then? After all, property is hardly the sort of stuff that we trade like shares.Yes not that bad when you have a global perspective (what GFC? Didn't really get one in Aus) and factor in issues such as the Brisbane floods. Brisbane's peak to present fall is around 10%, that's house value only and not factoring positives such as rent income and negatives such as real value falls (inflation adjusted). But.. not really that bad all things considered. How has the ASX fared?
Those figures are capital city wide, in Brisbane you have the experience of close to CBD holding up very well and mortgage belt areas experiencing 10-20% falls and certain higher price brackets and locations (1m+ coastal) getting hammered, always a good time to be making money, mostly from value adding presently as the capital growth has been absent.
In Brisbane we have a few and I know the other capitals mostly do as well.
