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  1. #71
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    You do realise that when we finally buy a home there is going to have to be a big bubhub party

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    Quote Originally Posted by Little Ted View Post
    Price will be at least $620k with a rental return of around $530.
    I thought Sydney rent would be higher than the $600 - here rent seems to start at $500 for a small brick house and $650-$750 would be for a family home in town.
    That's about a 4.5% return which is normal - it used to be 5% but rents can't keep up with the sale prices so anything over 4% is fine

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    Little Ted  (12-07-2015)

  4. #73
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    Quote Originally Posted by Elijahs Mum View Post
    That's about a 4.5% return which is normal - it used to be 5% but rents can't keep up with the sale prices so anything over 4% is fine
    Thank you - it's good to know as we may end up just buying an investment property.

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    In your opinion - how much further upwards can the market go?

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    Not much, I'm noticing it now, owners are putting higher reserves on and buyers are starting to pull back a little , plus with spring coming there will be a lot more stock coming on And this market brings out owners who don't really need to sell but will if they get a good price , Which in turn slows down the cycle - I don't think prices will go down but they won't be as inflated as they are now

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    Little Ted  (12-07-2015)

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    We are in vic and bought our first home last year. It seems to be basically understood here that offers over $.... Means "add at least 10% and that's the minimum we'll accept". So freaking annoying. Just say what you want, stop fcuking about.

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    Little Ted  (12-07-2015)

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    Quote Originally Posted by LaDiDah View Post
    We are in vic and bought our first home last year. It seems to be basically understood here that offers over $.... Means "add at least 10% and that's the minimum we'll accept". So freaking annoying. Just say what you want, stop fcuking about.

    So true. Yet, if there are people out there willing to pay more then wouldn't you accept more too?
    Last edited by Little Ted; 12-07-2015 at 15:02.

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    Quote Originally Posted by Elijahs Mum View Post
    Not much, I'm noticing it now, owners are putting higher reserves on and buyers are starting to pull back a little , plus with spring coming there will be a lot more stock coming on And this market brings out owners who don't really need to sell but will if they get a good price , Which in turn slows down the cycle - I don't think prices will go down but they won't be as inflated as they are now
    Let's hope for some more properties - we've exhausted all possibilities here.

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    Quote Originally Posted by Little Ted View Post
    So true. Yet, if there are people out there willing to pay more then wouldn't you accept more too?
    Yep and that's why the market has gone crazy, buyers offering to pay higher than the owners asking price

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    Quote Originally Posted by Little Ted View Post
    So true. Yet, if there are people out there willing to pay more then wouldn't you accept more too?
    If people are willing to offer more then that's fine, but just say straight out - this is what we want. Then people can do the whole bidding war of they decide to. I'm from the UK so I'm used to offering way under the price and then haggling upwards, not this whole 'here's what we want but not really cause we'll only take loads more but we won't tell you what because we want your best offer and you only get once chance to offer so make it really high but even then we might decide to ask for more.' Was all a bit disheartening.


 

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