Wow so you think that it is purely and simply due to the vendor demanding they put the advertised price up $100k huh? i think what has happened-the R.A has told trhem its worth x amount, its got a heap of interest, got some bids over the upper limit and they have gone 'oops this is actually worth another $100k'. Either way the R.A has made a…[Read more]

Also I should add-my time, like most others is valuable, both personally and financially. By mis quoting they are wasting my time, time spent researching inspecting and contemplating.

diggerdigzit wrote:
who is the stupid idiot here, if the agent ends up with the extra money in the vendors pocket then by hook or by crook he has done the right thing. it seems the only person who could complain is the prospective buyer who misses out and really that is just too bad. if it was your property i bet you wouldn't be complaining. As…[Read more]

I just got back from two open inspections-absolutley packed!!!! Things definately havent slowed-what recession???

diggerdigzit wrote:

blogs wrote:
Have been interested in a house not far from where I live, been emailing the agent trying to arrange inspection. Was priced between $580-$620. Now I see they have changed the price to $685 lol what the?? What this tells me is either they are so incompetant that they cant value a property to within $100k (would…[Read more]

Scott No Mates wrote:
You never know, the agent may be fielding interest then go to auction. If too many are interested at the lower price, then they are entitled to raise it. Would you complain more if you owned it and they sold it for $615k when the market would have been $700k?

I would have thought he would list it at the price it should be…[Read more]

Scott that is one of the silliest rebuttals I have ever read, hopefully you are being sarcastic/tongue in cheek?Obviously if you are an intelligent person well informed in the ways of the world you would realise that low sell price items such as coffees, newspapers, screws at Bunnings etc all attract very high margins due to the fact that the…[Read more]

Scott, I also believe R.E A gents are grossly overpaid-just couldnt be bothered posting it. Largely the property sells itself, if you think the agent sells it you are dreaming…..Hell, lets presume my property sells in two months, a fair time on market. I could hire some one full time on a pro rata wage of around $120k for what they charge. For…[Read more]

What a joke buyers agents are-charging a % of purchase price, what-for every dollar more expensive the house is do they spend a proportional amount of time on researching it? And for $10k I would want them working full time soley for me..dreamers….

devo76 wrote:
Fair point. But picking the bottom to buy is a hard thing to do. If the numbers stack up then it shoudnt matter. If my parents bought there home many years ago for $35,000. Do you think it matters now if they could have waited for another year and got it for $32,000. Its value today makes these figures redundant. To say investors…[Read more]

devo76 wrote:
Fair point. But picking the bottom to buy is a hard thing to do. If the numbers stack up then it shoudnt matter. If my parents bought there home many years ago for $35,000. Do you think it matters now if they could have waited for another year and got it for $32,000. Its value today makes these figures redundant. To say investors…[Read more]

devo76 wrote:
I love it when these for and against property investing post pop up over and over and over both on here and somersoft. The for posters are here for the right reason. The against really need to find something better to do with there spare time.

I love it when people arent bright enough to realise comments such as mine are…[Read more]

well…that article sums it up nicely….

No doubt…but I dont see it as being either all for or all against. More just being smart and not buying at the top of the market when it was obvious financial gloom and doom was just arounf the corner. Ive been saving and will start buying in around 12 months time I reckon…collecting data now on areas Im interested in so  I have a base line..

elkam wrote:
I love it when the figures used to support huge house price falls are all for properties in the $ 2 / 3 / 4 M bracket. Even in the suburbs mentioned there are properties for more "normal" people. What has happened to those? 

I love it when property bulls are more than happy to use figures when they were indicating prices going up…[Read more]

Sorry-Bardon-my comment wasnt necessarily directed at you, it was supposed to be a general comment to the 'property bulls' only realised later (but cant edit) that it would sound that way…

rayd wrote:
Remember house prices are down 19% and 17% in the US and UK respectively so far (not 40%) – and both of these countries have failed banking systems. So to say a 40% collapse in Australian property prices is ahead is a very pessimistic call.

Remember we still have a lot of this recession to flow through. Deloittes are predicting a…[Read more]

bardon wrote:
The last I looked it was back on or very near its long term average.

The last you looked what was back on its long term average?Sooo you are saying you dont think property prices will fall any further?Im not going to argue with anyone-you can all think what you like. Obviously the people who bought and lost 33% in Toorak for…[Read more]

maree_bradross wrote:
Mentone? I struggle to believe Mentone……. not from what I have seen

Why's that? The facts and figures speak for themselves….

Ummmm becasue this 'recession' is unlike any we have ever had before and the property price bubble is far far bigger than anytime before. Property has increased (inflated) at a faster rate than ever before, and will equally deflate or pop by more than ever before.Why is it that people can accept gains far outside the realms of 'normal' but cant…[Read more]