H, I am amped on coffee and on a roll(maybe), and my delirious posts tonight will probably come up under rational day time dwellers logic scrutiny tomorrow ( i personally find DTDL restrictive) If you would like to discuss selling some of your potential capital gains to help out with your cash problem i may be able to help. Email me if you want.[whistle]Now how do i put a quote here,,,,,,,,,,,,,,,,,, He who dares y’all,,something something ZZZzzzzzzzzzzzzzzzzz g’nite and best of luck[sleepy2]
lifexperience
Hi all
Why don’t we all meet at the property and conduct our own auction? No agents fees, no marketing. Who’s bring the wine?Suze
If you want to sell and not prepared to put price on
thread why not PM price to people interested??
with a clause they do not disclose the price in
thread???
I AM INTERESTED PM meHarbinger, did you pay the same price that it is now valued at? (This sounds like one of aussies riddles!)
I’m thinking the issue is the negative cashflow, which will be even worse while you are not renting it out, and at best you will have at least another month before a settlement on your sale could occur. First, get a tenant in!!
Second, talk to a mortgage broker to see if they can get you a better finance deal – if it’s valued at higher than your loan, you will do better too.
I’ll do a ‘knockout bid’ for the auction, and go for $210K.
Cheers
MelSeapking of OTP’s, there’s a new 1-bed unit at southbank for 199k advertised on realestate.com.au. That’s pretty cheap for a new 1-bedder, I would have thought. I was reading today that docklands will maintain values far more than southbank. I think southbank has some “social problems” (hoods in cars and fights and stuff occurring when I was in melby).
I thought that IP was interesting though. Decent bargain.
kay henry
“Decent bargain.”
Kay – what makes it a bargain? Is it because it is cheaper than others for more value? Is it the potential for growth there, or is it the potential for income, and if so how much of either (or both) do you expect, to come up with your opinion that it’s a ‘bargain’? It sounds as though you know the area?
cheers-
MiniIMHO I would NOT purchase
anything as Investment in
Southbank/Docklands
Too many negatives as far as I can see
I have been wrong before thoughIs Southbank the bit by the arts centre in melbourne, like by that bridge over the yarra near flinders stn?
the whole strip that goes down to the casino?
i like that area. Really, is it only 199 for an apartment there? That seems so cheap. but then again I am looking with Sydney-inured eyes.Yeah, that’s the area, Mini. My bro lives in melby and my sis lived there for a decade too, so i’ve spent a lot of time there- in the city, in the eastern suburbs and in the Dandenongs. Some averages for southbank:
Average $413,047
Median $355,000The apartment is fully-furnished and has a rental guarantee from Quest (the biggest serviced apartment coy in Australia). There’s a 6.5% return- no vacancies, and depreciation allowances should bring the return up to about 9%. I read about the rental guarantees story in domain this weekend, but it doesn’t seem like the price would be hiked up too much. Seems like a cheap price to me. That price would be more usual for a studio- not for a 1-bedder.
I reckon one of the problemns for these areas is that they were all new and hypey. But it’s not like this place is exxy. It still has the fundamental of being inner-city of melby. Check out the ad:
kay henry
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