Forum Replies Created
in WA all written offers must be presented by law. There is no such thing as a verbal offer – verbal offers are just conversation.
whether the agent follows the law is another matter.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
err…nothing. that was my point. I guess there may be a few average ones that don’t do a lot and may hope to make a few bucks for a half hearted effort…but that would be categorised as a bad agent. so yes… nothing.
seriously I can’t imagine any agent bothering to work for 1.5%. It wouldn’t cover PI, mobiles, cars, etc. But bring it on, could be interesting
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
“As for how the market is performing in the rest of the country … to the best of my knowledge Perth is still booming, I thought Brisbane was as well until I saw that article in the Courier Mail, Melbourne and Adelaide are kind of flat, and Sydney is off about 10%.”
To say Perth is booming is probably sensationalism as well. It is just ticking along at typical 7 or 8% per annum growth. no bubbles, crashes or booms, just steady as she goes grwoth. The new housing market is admittedly tight but like with all markets that start to heat up – the price mechanism touches the brakes and pulls things back a little.
http://www.megainvestments.com.au
Extensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
1.5%…. most agencies struggle to make a living running on about 2.5 to 3%. I think it would weed out the crap ones as well as the good ones as everyone needs to make a living. If it were capped at 1.5% you would find that either (a) you couldn’t get an agent to take it on, or (b) services would be cut back quite a bit.
I dont think there will ever be a perfect answer; homeowners feel like they are paying too much, most agents barely make wages, somewhere between the 2 there should be some common ground.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
assuming the buyer wouldnt pay the higher price, if the agent has managed to pull a deal together to which both parties are happy, is that not in the interests of the vendor? lettign a house not sell because it is over priced seems to be in nobodies interests.
the agent that just sold my parents house was excellent. she had the cheek to talk the buyers into a deal that seemed crazy to me but she did it and earned her commission well and truly.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
well it makes a change from inconclusive and isolated data being described with headings such as “Property market crash”, “sky about to fall down” and “end is nigh in property market bubble”.
What it does suggest is that (as Robert has argued blue in the face before) the market could actually be just ticking along. We don’t always have to be in the midst of a dramatic event.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
ring fenced negative gearing is more than fair IMO.
we are completely over taxed….. personal tax rates should be aligned with corp tax rates, CGT concessions are distorting the economy and should be abolished, the states need to be pulled into line and have stamp duty and other rubbish taxes removed. yeah – give me a day in the top seat!!
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
a lot of the problems with the property market stem back to the whole negative gearing situation. if it were to be abolished the market could stabilise itself, with rents doubling over night and properties then being able to be analysed on their true merit and the resources required to fund them…not the size of the tax deduction. Australia is not a true capitalist society though and a judgement has been made to divert the common wealth into housing to provide shelter for the ‘battlers’. I would personally prefer a more open US style economy, but you have to play with the cards you are dealt, hence embrace the concept of wealth generation through property as it is what our society as whole has deemed to be of prime importance. Australian society is not perfect but on the whole it is pretty good. I fear our standard of living in total will continue to decline though as we attempt to even out the wealth – we are a compromise between what was the communist USSR and the modern day USA.
actually I will add that calls to devalue the currency so that farmers can produce a product that the world considers good value is a form of social manipulation in itself and panders to a minority interest group. Farmers this and farmers that – give me a break… it’s a business like any other and if you can’t produce and make a profit then get out.
http://www.megainvestments.com.au
Extensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
someone must be willing to sell in order for someone to buy. An agent wouldn’t get a listing by saying ‘the market is taking off, your house will be worth double in 12 months, but can I sell it for you anyway?’
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
“But weakness in Sydney and Melbourne will be tempered by healthier markets in cities such as Perth and Brisbane.”
not quite the message that the headline conveyed, but I guess headlines are what sell newspapers! property selection is everything
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
really?? wouldn’t be a very successful agent – there is no market if nobody sells
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
Originally posted by dmichie:can you think of a leading OECD country that has a weak currency?THE UNITED STATES OF AMERICA
cmon – that’s hardly weak….
I believe the true value of the USD is about 1 AUD
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
just getting back to weak vs strong AUD… implications of a weak curency:
– lazy exporters can make a sale
– encourages tourists
– gives the RBA room to increase interest rates
– increases the cost of imported machinery and items like aircraft…. makes the nation unproductive and feeds inflationbenefits of a strong currency:
– weeds out the exporters that can produce commoditites the world wants rather than just what the world can afford
– increases our standard living (can afford more)Price is NOT the only factor in making a sale. consider a base model mercedes, a horrible underpowered car whipped up in South Africa yet they sell by the truck load. The reason people buy them is status and perceived quality, regardless of price, despite the fact that your average corolla is on the whole a better motor.
dmichie – I think you should volunteer to devalue your bank account against mine. Then I can pay you to work 60 hours a week and I will cut back to 30 hours a week.
also can you think of a leading OECD country that has a weak currency? the only one that comes close in my mind is Canada. this makes Australia somewhat of an anomoly and probably exposes a nasty truth… our economy is not a ‘developed economy’.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
“A bust would also mean a fall in the AUD and (hopefully) rescue our exporters befores its too late/”
It’s a tragedy when a supplier’s products are so unattractive to buyers that the only reason someone would purchase them were if they were cheap. I belive a storng currency and a good product are a better outcome.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
a written offer to purchase can be withdrawn verbally at any time up until communication of acceptance to the buyer has occurred. Sellers should not be smugly sitting on offers as the buyer may have 4 or 5 written offers sitting out there and only want to buy 1.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
from the ABC article above: “ELEANOR HALL: So, what do these figures then say about the Reserve Bank’s decision this week to keep interest rates on hold? Does it say that it was the right thing or the wrong thing to do?
STEPHEN LONG: Well, I think that for those who read these figures as suggesting that there is a fundamental weakness in the economy, they’ll be glad that the Reserve has stayed its hand. And it does lend support to the Reserve Bank’s decision in that sense.
On the other hand, if you read the figures that way, that they are showing a weakness and a slowing in the economy, and fundamental structural problems, they raise questions about the Reserve Bank’s decision to lift rates in March.”
It seems the RBA may have jumped too soon to raise interest rates. next move may be down?
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
ps – thank god you are back dmichie – was getting a bit quiet around here
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
sorry to depress you even more, but thought this was in the spirit of the moment:
http://www.theaustralian.news.com.au/common/story_page/0,5744,15194375%255E2702,00.html
I don’t see over investment in property as the source of all woes in this country. Contributing factors include: lack of access to capital, small population hence insignificant on the world scene, no entrepreneurial culture, shocking tax rates, obsession with giving farmers a fair go, tall poppy syndrome, lack of respect for white collar achievements, too much focus on sport… could go on all day actually. But I could also list as many positives.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
well I won’t get into a debate over the virtues of a particular town, however the $20 billion gas contract with China is for 20 years. they have just made some exciting new discoveries which could substantially increase reserves. Process train 5 is a goer with BHP committing to the $1.6 billion project and number 6 is on the cards. the deal to export LNG to the west coast of the US is looking positive. there are many industries apart from gas of course. was also reading a week or so ago about the plans for – what was it… may have been a petrochemical plant or a fertiliser plant – think it was fertiliser. could be both.
rents are more likely $650 a week upwards now out of interest, not that anything is available. unfortunately FIFO workers don’t solve accommodation problems – as the head count you have still needs somewhere to sleep when they are there. you may be able to get away with dongas but these days the companies will pay virtually anything to get workers into these locations and they have to make the lifestyle pretty attractive. If anyone is looking for a job, check it out
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
Originally posted by resiwealth:I love it when some one posts a new topic and it goes side ways!!
Matt R when i was 19 i owned my 1st investment property, why haven’t u done the same.
Most lawyers i know have their hands in some one elses pockets and not their own (just kidding)
And who was the idiot that paid $2,500.00 for a 30min chat, what a load of crap how about faxing the invoice?? i use several barristors and they don’t charge that – r u 4 real …
resiwealth
I assume you are referring to me – I haven’t paid it so can I reclaim my intellectual abilities if you don’t mind? not sure what your drivelling on about faxing or something? But yes I am for real and it has happened, not sure why you are having so much difficulty grasping this.
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
