cyfmike replied to the topic Just bought in a Mining Town in the forum General Property 16 years ago
From the news it said that Japan's having a big fall. How is the mining area today?Is the property market still doing fine?
cyfmike replied to the topic which one is better? in the forum General Property 16 years ago
wow, what can be "something" for the vendor to settle quick?
cyfmike replied to the topic which one is better? in the forum General Property 16 years ago
I reckon that I will have more competitors on (2) while I am the only potential buyer on (1).Price at 355K is a below average price for (1) . A poorer condition property sold at 356K recently in the negibourhood according to the agent and I believe it so.while 370K is an above average for (2), similar older (1 to 5 years old) properties with…[Read more]
cyfmike replied to the topic which one is better? in the forum General Property 16 years ago
I think both are good to living in. But (2) can be a better investment item after a few years.
cyfmike replied to the topic property trend in the forum General Property 16 years, 1 month ago
I think all these are just mind games. Property price will go up when people are not panic any more.
cyfmike replied to the topic property trend in the forum General Property 16 years, 1 month ago
I have heard that the government plans to cut 20000 positions. Looks like a rumor but it also makes sense as the government is running out of surplus. And it is certain that the tax income is going to drop tremendously too. The hesitation of banks to cut mortgage rate prove that the banks have not been doing good. The steep cut in interest rate…[Read more]
cyfmike replied to the topic property trend in the forum General Property 16 years, 1 month ago
Let me post table 1 and 2 which contain some hard figures table 1 house salesperiod
Deal count
land area
$m
area per deal
$per deal
$/sqmJun08 to Aug08*****36**********18273.00***11.57*****507.58********321370.39***633.1382Mar08 to May08*****39**********21449.00***11.89*****549.97********304921.79***554.4291Dec07 to…[Read more]
cyfmike replied to the topic 1st home owner grant to double in the forum General Property 16 years, 2 months ago
It is really a good news to me. As I am a first home buyer and I pulled out last week from a deal after found it had serious termite attacked before. I did lost 1600 for the whole process.