Forum Replies Created
I reckon the towns they’ve mentioned- griffith, leeton, Albury, Dubbo- are too exxy. You can buy an IP of similar if not better wuality for a similar price in parts of Qld, and it’s … welll.. Qld.
I was amazed by the beauty of Qld when I went there. If ya want leafy, surely one would buy in Qld (and I don’t mean the Qld outback or mining towns) more than they would in Leeton? (I do know these rural areas, by the way, plus outback ones like dubbo- which will always be a country town, in my opinion).
kay henry
Oh Mini! You must come! What do you love more? Property? Or this person?? (Now, think about this a bit before you answer… take your time- hhee…
I actually don’t have a mobile phone :o((( I am a bit retro that way, but all these people have given me THEIR mobile phone numbers, and I’m wondering what to do with them- was thinking of selling the numbers to a marketing company- hehee. I’m responsible like that! [biggrin]
Do bring your love along, Mini- we can all make something of a day of it, and I need people to explain all the hard stuff to me :o)
Would you like to give me your mobile in PM and I’ll make sure you are contacted, Mini.
kay henry
Mini,
I reckon the oversupplied apartment unit will be first to be under pressure- it already is by many reports. And the oversupply occurred in Melbourne more than sydney. If you look at Docklands/southbank- god, i was surprised when I saw that area recently. Tall towers standing by themselves- not really fitting in with the area, and as we know, many of them marketeered with in-house valuers. That HAS to be an area of great risk. Sydney doesn;t have distinct areas of oversupply like that- at least not ones that stand out like a sore unit!
Sydney has huge migration (50,000 people per year) and I believe Melbourne has less migration. One of the articles I posted on the forum says the brisbane areas have 47,000 net migration each year, which makes me think my “qld may be the new melbourne” proposition might have some weight.
But then, everyone is speculating right now- about everything- re the RE market. Guess by the end of this year, we’ll see what markets have eased off a bit.
I think the australian population borrowing less (as is evidenced by all the media reports) is a good thing. WE all did well during the boom, and people got into RE, probably inreasing prices at a mega rate, and now people are chilling out a bit more, possibly due to relative inaffordability in the major markets.
I don’t see the market crashing in a big way (sorry folks- I know I’m supposed to remember history!) We’re still way cheaper than manhatten, new york, paris, austria (hugely expensive), vancouver, montreal, london etc. We may be “over-valued” but compared to what?
I have serious doubts the sydney market will have a median price value of $250k in the future, or the bris market will ever have a median value of $125k median ever again.
Although I am sure people will beg to differ [goatee] [thumbsupanim]
kay henry
If the vendor has employed an agent, they have generally done so to reduce the stress of selling. One of these stressors for a vendor is negotiating a price. The agent is employed to get the best price for the vendor. I know if I employed an agent, I would be annoyed if a potential buyer tracked me down and tried to negotiate with me personally.
Why can’t you give your offer to the agent to pass on?
kay henry
Yes Mini, that does seem to be a fundamental of RE. One does find a niche though, and units are *generally* cheaper than houses, and maintenance gets fixed by the whole body corporate. They fix window frames, doors, (all outside stuff, of course), water problems, the roof, etc. I always freak out at the thought of being *entirely* reponsible for maintenance on an IP. Body corps feels like it lessens the liability for me.
One of my BC’s has 100k in their funds!! AND all the apartments get painted – the whole outside- every few years! It’s the most amazing deal I’ve seen!
kay henry
So you said “ya wanna come to this expo on the weekend?” and they thought they heard “the sexpo” right?
Gee, they’re not gonna be disappointed or anything when they get there! [biggrin]
kay henry
PG said:
“Couple of pretty girls also coming tomorrow with us guys! so bad luck if you are not coming!”
DESPERATE PLOY, PG!!
I think most of the blokes who are coming are married- and what are Mel, Mini, and me?? Chopped liver?
Will miss you when you go OS, PG- I will have bought up half of sydney by the time you come back!
kay henry
sis,
I would love to have seen you and PG. But tomorrow, I just cannot do- godda werk. And elves, you know you wanna come on sunday- come with us- it’ll be a hoot!
Didn;t mean to change too many plans. My initial post was to find out what time was best for people. And really, for the majority, it was sunday, so it means I can sit and stare on saturday, like this: [eh] and then I can see you all and be fresh- like this [hmm] on sunday.
kay henry
harbinger said:
“expected rent is approx $270-280 for similar in area. definitely not +cf.”
Well, it is CF+ if I buy it off you for $130k, harbinger!! [thumbsupanim][thumbsupanim]
Must cost a fortune if it rents for that much [glum2]
kay henry
Folks,
Let’s meet upon Sunday morning (sorry folks who could come only on Saturday- maybe next time, but Sunday seems a goer. We can meet up when it starts and at a place that we can find.
For those who are coming at 1pm, we can choose a place to meet up too- or I can meet ya at 1pm and introduce you to the others.
I’m disorganised (you should see my office- hideous!). Can anyone tell me what timethe thing starts and maybe a good place to meet?
kay henry
Yack meant:
A bit more information, may allow us to give better BIDS.
harbinger, you don’t need an agent to sell a property- just a solicitor. The buyer will have a solicitor too to do all the necessary checks. Really, if you sell a new apartment, people (investors) are gonna feel more comfortable about buying it than a much older place.
Most people on here would understand the situation of OTP buyers.
How quickly do you need to sell?
kay henry
Gramyre :o)))
This post is a bit shallow and competitive anyhoo. [thumbsdownanim
kay henry
harbinger- i dunno. We’re all people behind these posts. And we’re all into property. I have no doubt people would be interested in your property.
I LOVE new apartments- I doubt I could afford one though [glum2] But other people on here would be able to.
You could always do a random thing and sell it to the person with the funnest name!! [withstupid]
kay henry
Joint venture folks? We could have this baby for about 50k in each!!
kay henry
Yeah, well, the name kay henry on an OTP in Melbourne wouldn’t look so credible either.
Oh look- Rugby’s here and he can actually *afford* it (as opposed to you and me, elves- no offence, but we’s poor).
kay henry
This is too funny! you know, we could actually BUY this property before a Moderator comes along and shuts us down :o)
harbinger, I really wouldn’t mind having this property- how much ya asking?
*looks nervously at left column and sees no orange-coloured Moderators.* [upsidedown]
kay henry
elves,
I’m almost scared he’ll accept it- is a post on PI.com a verbal contract? What if he prints this off??? hehe. I am gonna start looking for loopholes [cap]
kay henry
harbinger, guess I’m just saying your post sounds a tad … ummm… anxious.
How come you wanna sell so quickly? Sounds like a nice purchase- mmmmmm- bayside ;O)
I’ll give ya $200k for it. Am I in the ball park?
kay henry
If you need to sell quickly, harbinger, you may have to *reduce* the price… not up it as with a wrap.
kay henry
geo,
I would be very happy to have 10 properties in 15 years.
kay henry
