Forum Replies Created
- Originally posted by Dazzling:
I suppose in the end the people are simply looking for respect / attention.
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Funny coming from someone who always has to reply in BOLD to get some attention??
Originally posted by gmh454:Originally posted by mathewc73:I cant believe anyone would buy a house in St Claire for 450k!
I can’t believe that you guys don’t see the bargain here.
Bought for $450K2003, it will be around $900K in 2010,(doubles every 7 years) so if you bought it for $260K in 2006 it will go up $160K each year a return of 61% !!!!!!!!!!!!!!!!!!!!!!!!!
What a bargain !!!!!!!!!
lol [biggrin]
Im still waiting to hear from all the people who shot me down when I said a year ago on this sight that it was crazy to think prices will just keep going up[jerry]
Originally posted by lifeX:You won’t get a house in a reputable inner suburb for $300k. Maybe a flat or unit.
For a family home around the 300k range, I’d consider Boronia, Ferntree Gully.
Frankston South (in the High School Zone)
Edithvale area (near bay)
But you want to get a hold of at least $450k to buy anything similar to your description. Then try caulfield area, brighton area, surrey hills area, many many others.
I’d recommend renting in melbourne to get a feel for the city first. This will also help you find and secure a bargain as the pressure wont be on to buy in a hurry.
Live, Learn and GrowLifexperience
Funny, I alway thought there was a north and west side of Melbourne??? It never fails to amaze me these easterncentric people-had a huge argument with a lady who after telling me how bad the western suburbs were for over an hour admitted she had never even been to that side of the city!!!!
Take the Edgewater estate for example in MARIBYNONG-surrounded by water , parks, running track and all 8kms or a $15 taxi ride from the CBD and FAR better value than places 7 times the distance out on the eastern side. Only a matter of time before all these deluded people catch on and move accross and push the prices up and when they do…yeee haaaaaaa [biggrin]
So to all the easterners-keep paying through the nose while I laugh myself all the way home [biggrin]
If you mind me asking where abouts is the property? Dont have to be specific but town?
Couldnt agree more-we have a whole generation or two of people who have only seen the ‘upside’ of things and dont realise that with every up there is a down. The next down is going to pretty exciting if yoyu ask me-people have borrowed to the absolute hilt, as much as the banks would give them in an attempt to keep up with the jones (a very powerful motivator) and because they think property prices will keep going up….interesting times ahead[glum2]
Fernfern I couldnt agree more, Ive said it once and I’ll say it again it amazes me the ignorance, arrogance and plain stupidity of people from the eastern suburbs. They somehow think congestion, pollution and bumper to bumper traffic is a good thing lol!!! I for one am a convert and I think it is very narow sighted to think people will keep buying way out in the eastern suburbs paying rediculous prices for little substance when for the same price they can get much better value for money and twice as close to the city with a quater of the congestion.
I lived in Glen Waverley and had to contend with 6 lanes of constant traffic all day everyday. One day I woke up and thought ‘why in the hell am I paying top dollar to live in this dump’ Sold up, took my money, bought a nice house within 8km of the city. no traffic problems, parks, water, restaurants….hahahahahah what more could yiou want???
Hey it s true-the tooth fairy told me so there!! [tongue]
Give me all your money and I’ll tell you where to put your couch[biggrin] And at no extra cost I will even let you know that in your past life you were George Washington[weird]
Thanks Hiflo,
I totally agree with your sentiment that you get what you pay for. It is for this reason that I was happy to pay what I thought was an expensive fee, but in contrast to the level of service I recieved I was biterley dissapointed and started to question exacly what people are normally paying.
It was one stuff up after another with this group-took over 6 weeks to prepare the section 32, had the house on the market and had people wanting to look at the papers, were told it had been sent waiting waiting, still no papers, then told it was sent to the wrong address (WTH??) chatels a cut and paste job with appliances not even in our house. Asked by wife to speak to the owner told he wasnt in the office today-I called two seconds later and was put straight through, they paid the entire amount for the purchase of our new property when it was off the plan and therefore shouldnt have had the stamps etc….. it just went on and on and I cant be bothered going into it but whatever happened to professionalism??
Hmmmm so it would appear Ive been over charged. Does anyone know of who you can go to in order to get invoices checked? There is a ombudsman or something isnt there?
Whats even funnier was when I was saying this was going to happen a few months ago all the so called ‘experts’ on this bored laughed at me[hmm] I can remember quite distinctly some were even belittling me saying property prices were going to keep going up bwahahahahahah
I said it then and I’ll say it know-its doesnt take a freaking rocket scientist to work out property prices are over valued, people are over extended and prices are gunna come back considerably with a interest rate rise that WILL happen[jerry]
Well after just having sold out of Glen Waverley and bought in Edgewater (just near the Flemington race course) I couldnt be happier. It has really left me wondering just what on earth the appeal of the eastern suburbs is?? To me it seems even more so now like a sprawling mass of surburbia similar to LA in some regards.
As well as having much more room the other thing I have noticed is the air quality is sooooo much better!!! Plus it takes me 5-10 mins to drive into the city[lmao]
I laugh at the poor schmucks who think they are onto a winner buying a 3 bedroom townhouse in the east for 500k when you look at whatthat could do over the west.[inlove]
I didnt need anyone advice to tell me that the property market was over inflated-blind Freddy could have worked that one out. But I dont think is is the worst in the Western world-that is total hype. Seriously, something is worth whatever someone is willing to pay. Now without any other factors to reduce the price (interest rates/over supply) there is no need for prices to come back much-maybe 5-10% max. But maybe this isnt enough for the ‘money men’ and they have to spruce up the hype?? Just a thought….I know if I was in a position of wealth/power/media influence then thats exactly what I would be doing!!!
Originally posted by kingdavid:What do you guys think about this? Abit worrying since I am about to purchase my first home…
http://www.theage.com.au/news/national/house-prices-world-highest/2005/11/30/1133311106610.html#
Mate you are showingthye classic signs of the ‘sheep’ metality that unfortunately most people have. Wasnt that long ago everyone was saying ‘buy property, better get in quick blah blah blah’ now they are saying ‘quick get out before it crashes’. Makes me realise more and more all these ‘experts’ are full of carp and we are all just puppets in the grand scheme of things.
The am seriously begining to believe the ultra rich are controlling us all-they drum up a media frezy getting everyone to buy. They make their fortunes of all the mindless masses, then when they are ready to pull the reigns in they start sproughting the opposite hype to sell, hence driving down propoerty prices, allowing them to buy back in cheap..and start the process over.
Thoughts??
Also missing out on this deal might be a god send-if you are going to have to live on bake beans in this financial climate what are you goingto eat if interest rates go up or the ecoomy takes a slight dive??? bread and water..maybe just water?
Whos the one being greedy mate? If you cant afford it move on, thats the price-if he wont accept either get over it, or wait a while for the pressure of no sale to getto him and he might budge. But there is no way known anyone in their right mind would drop 200k after only[blink] 3 weeks
Dont you think all these property gurus would be out buying property instead of making money out of you poor smucks if it was as easy as what they lead you to believe???
Its quite simple really…..buy low sell high!!! As simple as that, now do you think the property market is at a high or a low at the moment??
So many ‘experts’ on here but no idea…..two words that will save you thousands, and potentially make you millions-‘business cycle’ LEARN IT!!!
Only goes to show what Ive been trying to tell everyone here[hmm] Its easy to say a property is worth x amount of dollars, but it is only when you actually try to sell it that its true value is realised.
I wonder what is going to happen when the heap of people (there has been a huge amount of ‘mum and dad’ ‘investors’thanks to T.V/media) that have bought property whith no idea of how it all really works, and when they have to sell all of a sudden realise that there is no one to buy their ‘investment’ and take a huge hit[laughing] And then this is when the pretenders are sorted from the real investors[lmao] So many back yarders are guna get hurt, its sad but true…..
Understood and sorry if for some reason my comments may have been taken the wrong way. His original post didnt offend me-takes a lot for that. My comments were more borne out of a sense of frustration with the internet, and in particular forums such as this where anyone can profess to be an expert and make outlandish statements without any proof what so ever. Half these people bragging about how much they know about property or stock could be 12 year old kids for all we know, and here they are giving out advice (which people may be taking!!!) I cant see the problem with asking for something to offer credibility when such statements are made?
That and the frustration I get from people who it seem are using forums to push their own agenda, rather then operating for the better of all members……i could easily say I have a portfolio of 10 million in property, made 100k last week,made 20% on stock yesterday and wrote a book on blah blah who would know any different[hmm]
